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Gold Is Golden
ow is the Time to Invest borrowing against it. Well,
in something Real to Assure putting on the dog and out doing
a Good Life Tomorrow.
the Jones' was fun while it
lasted. However, if you can still
Gold surpasses $500. an ounce find a greater fool, now is the
after a long slumber and it is time to sell and find a nice
still one of the worlds greatest inexpensive rental accommodation,
bargains. Every day it is or buy one of the rapidly growing
becoming more evident that heavily depreciated repos now on
stocks, bonds, and property in the market, and invest the rest
America and most of the in gold.
Anglo-Saxon world are propped up
on borrowed money and borrowed You need to protect yourself NOW
time. from the biggest one year loss of
wealth in the history of the
In the last half of 2005 alone, world. Does this statement get
U.S. households spent well over your attention? Many western
$500 billion more than their economies have participated in
after-tax earnings. How is this this gigantic fraud of escalating
possible? By borrowing of course. house evaluations as evidence of
About half of that money came economic growth, relying on greed
from "equity extraction." The and bogus money supply to stoke
present home owner generation is the fires of the greater fool
living off the perceived increase theory and thus give the illusion
value of their houses. These poor of prosperity. As a result house
householders are starting to get sticker prices kept going up and
a clue. They thought they really up in most cities, while in
could get rich by buying and reality the true value has
selling each other's houses at actually been going down.
inflated prices and then Skeptical huh. What is true value
you say? in his heart can now trade
currencies online.
Remember, world economies have
been off the gold standard now As the unmasking of the great
for over 35 years, ever since deception accelerates, countries
tricky Dick Nixon unpegged the US with manageable debt and natural
dollar from gold as a means of resources will see their
surreptitiously stimulating a currencies decline slower in
sagging economy of the time. relation to the US dollar, but
Adhering to the Gold Standard, all currencies will decline in
the medium of exchange backed by relation to, you guessed it,
gold, forced politicians and Gold.
bankers to be accountable.
Like any expanding bubble, there
Money today is not based on comes a point where it can expand
anything tangible or of intrinsic no more, and the subsequent
value. It has only a perceived resizing is shockingly fast.
fungible value at whatever level These is no new economic model in
skittish traders and speculators play that now guarantees
say it is. Politicians and perpetual prosperity or even
central bankers since Nixon have status quo, despite what vested
been free to print fiat money (a interests and their spin doctors
piece of paper with numbers on would have you believe. When push
it) at their whim without control comes to shove, paper and
or restraint to keep their game electronic blips won't cut it. As
afoot. These currencies have the saying goes, BS walks, and
since been played off each other the age old measure of real value
as in a worldly game of monopoly. called Gold, will be what talks.
One clue of impending doom is the
fact that every fool with greed If you played this oneupmanship
real estate game with your lead.
friends and countrymen, your
house is worth far less than you The U.S. government has borrowed
know. In fact, your house is more money from foreigners in the
losing value daily as you may now last eight years than all
realize. When it becomes front previous administrations since
page headlines, it will be too the time of George Washington.
late. All the greater fools will During the current US
have already been fooled with no administration, the feds have
one left to bail you out. borrowed more than $1.05 trillion
Unfortunately, it will not be from foreign governments and
just the nouveau rich who will banks. This is more than all the
feel the pain. Their shortsighted rest of the nation's
greed, encouraged by unscrupulous administrations put together from
appraisers lenders and politicos, 1776 to 2000. Oh, the costs of
will bring down the rest of the empire building and the waging of
economy as well, precipitating patriotic wars to free people so
the demise of many types of paper they can be more like us.
assets.
Consider the fact, that despite a
Americans in particular now owe flat or even negative earnings
far more money to far more people picture in overall stocks in
than can ever be paid back. They recent years, bonuses paid to
have bigger houses, newer cars, managers on Wall Street and high
more electronic gadgets and a salaries throughout corporate
smug attitude to go with it. But America including G.M., are
they also have more bills to pay obscene. This is but more
and no more money to pay them evidence that we have reached a
with. Much the same scenario as late, degenerate stage of an
their government that purports to imperial economy. The sun has not
set yet, but its final glow is mightily from your labors. The
about to descend beyond the rich have indeed been getting
horizon. richer while the consumer blindly
signs on the dotted line.
The companies that make the most
money these days are those that The mantra of the private sector
shuffle money - not those that through its advertising is ‘get
make things people want to buy. it while you can' despite the
And throughout the entire fact that this attitude is
society, everyone participates in crushing the hopes and
what has become an orgy of aspirations of the next
swindle and delusion. The generation. Previous generations
practitioners of this attempted to leave the world a
prevarication call it better place then they found it
salesmanship. At best it is for their offspring. Now, the
entertainment. Not value or young and the unborn are saddled
substance, but mindless with an insurmountable mountain
triviality, delusion or false of debt and who cares. I've got
expectations. At worst, mine you say...but do you really,
psychological manipulation to when the charade unravels? What
create frivolous desire, leaving are you going to do...who are you
the weak minded and undisciplined going to call? Be prepared for
open to unbridled theft. Just add painful dislocation and
up how much interest you are introspection.
paying on your car, your house,
your credit cards and everything It will be the minority of savvy
else you have been induced to and erudite investors who pause
believe is necessary for a to take notice that the emperor
successful life. The barbarians has no clothes. It will be the
are at your door and benefiting astute who shed themselves of the
attractive burdens they have matter how well meaning or
accumulated and put at least some educated, fail to learn from the
of what is still marketable into lessons of History. They go
gold. It will be the shrewd and through life with blinders on
brave who have the resources in content with petty self-interest.
the form of universally accepted Nero fiddles while Rome burns.
coin, gold, to live reasonably These are among the reasons why
well during the shakeout and to gold is going to go up more, no
pick up the bargains for doubt, a whole lot more. Owning
literally pennies on the dollar gold bullion or gold coins is
when the storm finally passes. decidedly a happy thought.
The fact is, most people no
About the Author:
John Ramsey is a former writer, journalist, classic car collector and renewale energy systems designer. He now rides an Ebike and is currently webmaster of several Internet marketing sites including http://www.HappyThoughtLifestyles.com
Source: www.isnare.com
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