Sunday, July 17, 2011
Sell Your House and Buy Silver ?
Silver the poor man's Gold is breaking out , Sell Your House and Buy Silver ?
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Saturday, July 16, 2011
Gold is Money Everything Else is Credit
Robert Ian : Gold is Money Everything Else is Credit , on July 13, 2011 Congressman Ron Paul questions Federal Reserve Chairman Ben Bernanke in a U.S. House Financial Services Committee Meeting shortly after reports surfaced that the Federal Reserve was preparing for a third round of quantitative easing.
here is a transcript of the Q&A between Dr Ron Paul and FED chairman Ben Bernanke about Gold being money or not being money :
Paul: “Do you think gold is money?”
Bernanke: “No. It’s a precious metal.”
Paul: “Even if it’s been money for 6,000 years? Somebody reversed that and eliminated that economic law?”
Bernanke: “Well, you know, it’s an asset. Would you say treasury bills are money? I don’t think they’re money either, but they’re a financial asset.”
Paul: “Why do central banks hold it (gold) if it’s not money?”
Bernanke: “Well, it’s a form of reserves.”
Paul: “Why don’t they hold diamonds?”
Bernanke: “Well, it’s tradition. Long-term tradition.”
Paul: “Some people still think it’s money.”
here is a transcript of the Q&A between Dr Ron Paul and FED chairman Ben Bernanke about Gold being money or not being money :
Paul: “Do you think gold is money?”
Bernanke: “No. It’s a precious metal.”
Paul: “Even if it’s been money for 6,000 years? Somebody reversed that and eliminated that economic law?”
Bernanke: “Well, you know, it’s an asset. Would you say treasury bills are money? I don’t think they’re money either, but they’re a financial asset.”
Paul: “Why do central banks hold it (gold) if it’s not money?”
Bernanke: “Well, it’s a form of reserves.”
Paul: “Why don’t they hold diamonds?”
Bernanke: “Well, it’s tradition. Long-term tradition.”
Paul: “Some people still think it’s money.”
Bob Chapman: Next stop QE3 with 50% inflation
Bob Chapman: Next stop QE3 with 50% inflation... that's hyperinflation!
Christine Lagarde :"there should never be too much testosterone in one room "
Bob Chapman : " both parties do exactly what they are told because 95 percent are paid off with campaign contributions " American can never resurrect itself as a second world power never mind a first world power unless they put tariffs back on , because with currencies everybody is cheating , andl also they use the cost production which is 70 percent of the total cost , thy use slave labor which in Europe and America we do not have , "
Christine Lagarde :"there should never be too much testosterone in one room "
Bob Chapman : " both parties do exactly what they are told because 95 percent are paid off with campaign contributions " American can never resurrect itself as a second world power never mind a first world power unless they put tariffs back on , because with currencies everybody is cheating , andl also they use the cost production which is 70 percent of the total cost , thy use slave labor which in Europe and America we do not have , "
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