Alex Stanczyk

James Grant Wants to Know: Who Will Buy Our Greenbacks?

"Tom, you are dreaming. Wake up!! Human nature is what it is, not what you wish it to be. Therefore, the best system is the one that works best when people blunder and the human element is minimized. There is only one system that does this and has stood the test of time -- a hard (usually Gold) currency system. End of story. "

Totally concur. Well said.

Dow Will Equal Gold in 2009

Bold prediction.

History shows these runs take longer than a year, but we are in a unique time for sure.

Also...too much exuberance for a rally? Isnt that when rallies occur?

Lastly...the dollar as a safe haven? I literally laughed when I read that.

I have an idea. Anyone who wants to bet me the dollar is a safe haven:

1. Email me so we can exchange info, and the amount you wish to bet (you can get my email from my blog)

2....put your money in dollars...I will put mine in gold and silver.

3. Lets compare notes in three years.

The Fed Money Machine Gears Up to Print Trillions

Money, Money, Money!!!

Woot woot, Zimbabwe here we come!

Gold and the Dollar: Putting the Relative Cart Before the Relative Horse

Strong economy equals strong currency is backwards. Strong currency leads to strong foundation for economy.

Economy created by debt and inflation is not a strong economy, its smoke and mirrors.

Currency value is determined by how much it is, or is not debased, period.

Any idiot should be able to see this.

Can you buy more with $20 today than you can 100 years ago, or even 50 years ago?

Obviously not. Is GDP stronger today than it was then? Some would argue it is.

Why then, can you not buy more with todays dollars?

Sometimes I think economists and financial analysts are so busy trying to be intelligent, that they are some of the stupidest people on the planet.

www.rapidtrends.com/bl.../