Mojito

What's Left to Spend in the 'Credibility Bank'?

Meh. We could use a close shave and haircut, after years of living like elitist, entitled greedy hedonistic pigs.

What did we think was going to happen when we happily switched from a producing/creditor nation to a consumer/debtor one? That the frat party could go on forever, and the world was obligated to keep stuffing our fat faces at their expense?

This will be good for the Republic, burn away the self-absorbed garbage in our lives, make us take personal responsibility again instead of waiting for the nanny state to wipe our chins and burp us.

'Gold as Money' Means a Potentially Massive Rise in Valuation

CLH: sell me all your 'barbarous relic', dude. I'm an ignorant yutz who doesn't know better. I'll give you crisp paper pieces with ink, backed by the full faith and yaddah yaddah of the US government, such a deal!

The Fed Starts to Worry About the Dollar

"The challenges that our economy has faced over the past year or so have generated some downward pressures on the foreign exchange value of the dollar, which have contributed to the unwelcome rise in import prices and consumer price inflation."

Ben is, with an absolutely straight face, blaming inflation on a weak dollar. Inflation, as any Econ101 student can tell you, is directly caused by monetary policy - low interest rates and an increase in money supply. Both of which Ben is not only directly responsible for, but has been happily doing for quite some time.

Either Ben is a total gibbering idiot, or Mr. Princeton Economics Professor is lying is a$$ off.

Interview with Peter Schiff

All I know is, I bought gold last summer at around $650/oz. I'm up very very VERY nicely, thank you. Stocks are crapola right now, and the systemic collapse is just beginning.

Good luck with your portfolio, Mike. Let me know when you're ready to sell whatever is actually sound in it for pennies on the (by then debased and defunct) dollar, I'll trade you a gold coin for the lot and you'll feel blessed to have found a buyer at all :)