Monday, November 08, 2004
The paper dollar continued to seek it real value. Downward, towards no-thing, except for the intrinsic value of the paper and ink it costs to produce.
November 8, 2004 at 11:09 NY Time
Gold - $ 432.30 oz.
Silver - $ 7.48 oz.
One Dollar = 371.25 grains of pure silver
1 ounce sliver = 480 grains
One dollars = 8.22 FRN’s (plus fees and commissions etc.)
But hey, you’ve got a roof over your head, an SUV in the driveway, can still keep up with the usury, there’s beer in the fridge, and the football season is just getting started. All is well in Zion, right?
The Republic failed in 1913, your coins have turned to dross, and our democracy failed on November 2, 2004. Congratulations. You are a slave on the global plantation, and the chains have been cinched a little tighter.
Now that the distractions of the election are behind us, perhaps we can get to work solving the real problem; The Fed - lifeblood to the root of evil. Do you think maybe it’s time to get back to our roots?
Central banking makes possible the expansion of government power in all forms, most particularly the wicked godfather of all government programs: war. Without central banking, it is doubtful that any of the great wars of the 20th century, or the current debacle in Iraq, would have ever taken place, certainly not on the scale we have seen.
Giving money and power to government is like giving whiskey and car keys to teen-age boys.
But don’t worry, you will be screened for mental illness and given the appropriate medication to deal with the comming depression.