Economic Collapse

This made me laugh. In a crisis, your ability to laugh is perhaps one of your most valuable assets.

This is Rep. Alan Grayson asking Federal Reserve General Counsel Scott Alvarez about the Fed’s independence.

…very well written article:

Greenback Gases, Gold & The Coming Shift
http://www.321gold.com/editorials/schoon/schoon091409.html
By Darryl Robert Schoon
Posted Sep 14, 2009

“…Severe climate change, food shortages, and the possibility of a pandemic are taking their place beside the ever-present possibility of military conflict. The collapse of the financial system will not be the only crisis that confronts humanity in the near future.

We are moving from one era into the next. Change is never easy and significant change is significantly more difficult. The bankers’ credit was responsible for much of what happened in the last three hundred years. It is impossible to imagine what life will be like in its absence.

Only one thing is certain - it will be better.

Buy gold, buy silver, have faith.”

Real Gold Highs 3, by Adam Hamilton of Zeal Speculation and Investment.

Summary:

“The bottom line is $1000 gold is certainly not the extreme the financial media is portraying. In the real inflation-adjusted terms that matter, gold is nowhere close to hitting new records. Using the watered-down CPI, gold’s all-time high is closer to $2350. And during and after the 1970s gold bull this metal spent the better part of 2 years continuously over $1000 in today’s dollars. This week’s $1000 is not excessive at all.

The bullish fundamental forces driving this gold bull remain very much alive and well. Until global gold supply growth exceeds demand growth, probably years away yet, the gold price has no choice but to continue climbing on balance. While $1000 is a sexy number exuding big psychological gravity, it is nothing special in a pure technical sense. It is just another temporary step on a long bullish journey.”