How Do You Spell "Thug?"

How Do You Spell "Thug?"

Sunday, May 15, 2011

The Times, They Are A-Changin'

 My, my, how the news broadcasters change their tune with the political winds.

 http://www.youtube.com/watch?v=qKdScVerrBU

I will type this very slowly so those of you who attended public school can keep up:

The reason that everything costs more today is simple:  the Federal Government is printing new money by the truckload, creating an oversupply.  Too many dollars makes the value of those dollars dilute:  the become worth less and less as far as purchassing goes.
Of course, the plan is to pay back the gazillions (trillions just doesn't cut it anymore) of debt to our dear friends, the Communist Chinese with diluted dollars seems like a good one, until you factor in the economic chaos that hyper-inflation wreaks on a nation's economy.  Go to any coin and stamp store, and you can purchase a Zimbabwe (Africa) 100-billion dollar bill for about 50 cents.  You may even get change in ten-billion Zimbabwe "Dollar" bills.
But this administration is woefully, or perhaps willfully ignorant of history such as Hungary's hyper-inflation in the post-war 1940's, and even of American history, such as the Carter era's skyrocketed prices which took us decades of restricted spending to overcome.  "Jimmah" is a fine, honorable man, but was worse than a cardboard carrot as President.

Only in the collective mindset of this current administration is it possible to borrow the nation's way out of debt.  It doesn't work in your home, it doesn't work in your business, and it doesn't work period.

Invest in precious metals, such as gold, silver, brass and copper-jacketed lead.  You'll need the first two to buy a loaf of bread, and you'll need the latter two to keep your bread.

Hat tip: L.C.N.

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