Whitslack

Plunge Protection Team Attacks BofA: This Ends Now

"Strong legislation must also be passed to insure that all the activities, especially all funds transfers, undertaken by the U.S. Treasury and Federal Reserve, are completely opened to public inspection."

Instruct your congressperson to cosponsor H.R. 1207, the Federal Reserve Board Transparency Act. The non-partisan bill has huge momentum right now, having recently surpassed 100 cosponsors.

Will Silver Now Outperform Gold?

paultaut, no enemies of gold and silver? I'd say the Federal Reserve has a lot to lose (say, the confidence of the American people) if silver and gold prices are allowed to rise to their economically sustainable levels and reveal just how worthless the Federal Reserve Dollar has become.

The End of Gold, Part Three

But you can't sell a cup of coffee on the open market (at least, not one you've previously bought from someone else). Instant coffee, on the other hand, may be a good investment, but only if the grim, world-coming-to-an-end scenario unfolds. Other good investments in that case include alcohol and ammunition. Better have some guns to protect your stash, though: with no tax revenues with which to pay police, there will be no one to protect your possessions for you.


On Feb 11 10:27 AM market ace wrote:

> Gold is not the answer to everything as some indicate, but anyone
> not holding some position in it is missing the boat big time. People
> also should not get too excited about gold at $5,000/oz as then a
> cup of coffee will probably be $500. Every thing in economics always
> over reacts so with all of this gov't wasteful spending inflation
> will be back big time.

No Silver Lining for Precious Metal Bugs

Destruction of all wealth? By your own account, silver was 24¢ in 1932 and is now around $10. Sounds to me like those who held onto their silver rather than panicking were able to retain their wealth in the face of rampant inflation.