Monday, March 13, 2006
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of the insidious process.
-- Alan Greenspan
We are going to reap the consequences of unsound money and credit. Your only investment alternative is gold and silver related assets. This is the only mechanism for protecting your wealth.
Trading oil in euros means the dollar monopoly is over and the market place will be flooded with dollars. That means the Fed will have to monetize trillions of dollars and that is immediately inflationary. In euro terms the dollar could easily trade back down to $1.30 to $1.366 before yearend. If that transpires we could see $1.70 by the end of 2007. That means a gold price in the thousands of dollars. If the Fed thinks that by terminating M3 they’ll be able to hide what they are doing, they are sadly mistaken. We know the elitists do not want the Republicans decimated in the next election, but we’ll be able to get the numbers on what they are doing. Hiding M3 is an attempt as well to hide monetization. That is why we implore you to have almost all your assets in gold and silver. The real crisis is just getting underway.
[Train Wreck of the Week]
Also not beyond the realm of possibility would be for the Establishment to trigger (or simply do nothing to prevent) the collapse of the monetary and banking systems in a full-blown depression, coupled with acts of aggression (so-called "preemptive strikes") by the General Government's armed forces overseas that ignite a world war. Properly managed, a depression and world war would result in massive redistribution of real wealth from common Americans to the Establishment and its clients, while the victims found themselves so severely regimented by the General Government's exercise of wartime "emergency" powers that they could not effectively complain.
--Edwin Vieira Jr. [NWV]