Groneil

Obama: Rush to Judgment

I too think we're heading down the wrong path. The difference is that I hope I'm wrong.

Hoping for the current plan to fail is tantamount to hoping for the continued suffering for millions of Americans.

To Understand Inflation, Follow the Money

Whoa,

Pipe down Mr. Jason.

What I think gets lost on most of the public is the concept of the velocity of money. This seems to get glossed over in the discussions of inflation/deflation lately.

en.wikipedia.org/wiki/...

The 20-Month Gold Puzzle

If anyone bothered to read through the notes to the financial statements of the US Mint they would find the following:

"In accordance with 31 U.S.C. § 5517 (b) and 31 U.S.C. § 5516 (b)(2) statutory rates of $42.2222 per FTO of Gold and 1.292929292 per FTO of silver are used to value the entire custodial reserve of the US mint."