Cash In A Mattress? No, Gold In The Closet.

There is a LOT of gold out there, a LOT! What will happen when th eprice of gold falls (and it will)? Bad things, thats what.

Once money has no metallic or other tangible standard to be measured against, its value becomes measured against the whim of those in power at the moment, especially for the convenience of those in power at the moment. We presently value the dollar on the "whim" standard as we sail in a stormy sea lacking both rudder and anchor, at the mercy of the shoals down the winds of time. A little gold is not an unreasonable possession in these times.

The FED should go back to being [[Nationalized]] and the Government needs to then have [[Gold]] back as the standard.

A Private Corporation should not make US Currency any more, we all SEE what has happened when Bankers dictate the Markets....

The FED, Wall Street, The Banking System, S&P, The Dow Jones, Nadaq, Bear & Sterns, AIG, Land Developers, Speculators and Mortgage Companies are to BLAME for this Nation's Misery and Woe...

And those Damn Land Developers, Snake Oil Men, is what they are, making those Damn Cookie Cutter Castles, as well as Over Pricing them, knowing full well these Over Priced and Cheaply Constructed, Cookie Cutting Castles, would Top Out and Belly Up, within 2 -3 Years, after the Home Owners Purchased and Refinanced these Quickly Made and Cheaply Assembled Horror Stories !!

All the institutions are Inter-Connected and is to Blame, but no one Dare makes a Sound

CHIZMARLAN @ 03/13/2009 9:01:45 PM says:
"You cannot name ONE significant use for gold, don't even try."
Hmmm.... one significant use for gold:
"Gold is money, and nothing else." -- J.P. Morgan

October of 2007: Crazy - You???re a fatalistic nut-job! I tell this to my brother; a middle-class, hard working service-branch manager. 18 months ago he sells all is stocks and bonds, basically any investments or paperless money he had. He went cashless with the exception of about 5 grand in the checking account to pay bills. I laughed at him and called him a moron, he looked like Noah a year before the flood building his boat! I called him an idiot, and he is someone I love and respect. March of 2009: I wish I had done the same because this stimulus plan is taking us down a dead end, for the first time in my life I actually think the sky is falling. To my brother Bryan; my apologies to you, for those like you that ???got off the grid??? you are all smarter than me. To those that switched to solar panels, installed wells instead of city water, and planned ahead ??? you???re smarter than me. My brother is the same type that buys a generator and ensures he has gas when there is a tropical-storm warning, I wait for the Hurricane to arrive and can???t figure out why the stores are empty! No longer! Firearms and Gold have reached record highs, well it???s too late to sell of my assets for Gold, so a garage full of MRE???s and firearms may be my only option, as they are the next sought after items now - besides Gold. Gold???s rapid sales increase is your tropical storm warning as the Hurricane will be here in 18 months. I have learned this lesson well. Steve

I Told You all, Bankers Control Politics and the World's Economy and Plan on keeping it, this way.
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For more than a year, the U.S. Federal Reserve System has been increasingly acting as the world's central bank, injecting hundreds of billions of dollars into foreign government treasuries in an effort to increase liquidity in those countries.

The foreign central banks have used the U.S. currency to bail out financial institutions within their borders. The Fed program links its balance sheet directly to the fates of foreign central banks at a time when they're on the ropes.

The program has so far gone unreported in the mainstream media and is a major expansion of Federal Reserve involvement in the global economy. It represents a stark break from the prior role of the Fed, moving it into territory more traditionally occupied by the International Monetary Fund (IMF).

The program puts both the Fed and the foreign central banks at increased risk. If the bailed-out banks can't repay the loans, the foreign central bank is still on the hook to the Fed. It would have to raise the money by selling debt -- which most Europeans are finding difficult today -- or raise taxes or cut spending, actions that further exacerbate the economic crisis. Or, the foreign central bank could default, leaving the U.S. holding a bag of foreign currency of plummeting value.

The U.S. taxpayer has also bailed out foreign banks indirectly by pumping billions into American Insurance Group, which announced Sunday that it had forwarded that cash to counterparties that include foreign banks such as Societe Generale, Deutsche Bank, Calyon, Credit Suisse, the Royal Bank of Scotland and Barclays.

"I'm concerned about Europe," Paul Krugman wrote in Monday's New York Times. "Actually, I'm concerned about the whole world -- there are no safe havens from the global economic storm. But the situation in Europe worries me even more than the situation in America."

The Fed program adds up to serious money. The most recent balance sheet released by the Fed shows that $314 billion U.S. dollars are currently doled out to foreign central banks under the foreign exchange program. That's down from a December peak of nearly $600 billion, as central banks have repaid some of the loans.

"What happened last fall, when the credit markets seized up so badly, was really a departure because some additional countries that would not have been in the Federal Reserve swap network in earlier years at all were brought in, like the central bank of Brazil, Bank of Mexico, and some smaller ones like the bank in New Zealand, the Norwegian central bank and so on."

The full list of participating banks, according to the Fed, includes the Reserve Bank of Australia, Bank of Canada, Danmarks Nationalbank, Bank of England, Bank of Korea, Banco de Mexico, Reserve Bank of New Zealand, Norges Bank, Monetary Authority of Singapore, Sveriges Riksbank, and S

Other than raising taxes :

1) Reduce permanently 10% of the federal and state work force - those left need work harder like most workers still working are forced to do,

2) Make all government employees INCLUDING senators, house of reps & the President /VP give up earning any more pension benefits (like most americans no longer have), INSTEAD give them a match of 50% on up 6% of their annual wage they contribute into a 403B plan - USE the TAX savings resulting from the dropping of new pension TO PROPERLY FUND SOCIAL SECURITY FOR THE TAXPES SINCE THATS 10 year from going BROKE

3) Have the FEDERAL government stop paying 80% for federal employee families health premium - drop it to 50%,

4) Increase the FEDERAL employee health insurance deductible to $1000 like most private employers now have,

5) make all senators and house of representatives serve NO MORE than 2 term limits - ends the power of long term senators, etc to force senators, etc to approve EARMARKS on bills alreday released from committee

6) Go to a flat tax Federal tax program so the IRS audits can stop (laying off 50% of that organizations tax payer supported staff)

7) after 1st child's birth to a single mom STOP paying for single mom's child birth , offer free sterilization - more than 1/2 the baby's being born in the US now being paid for by the government (TAXPAYERS in other words) and don't give these single mom's, who are abusing the free childbirth /single mom welfare system by having child after child out of wedlock, money to support more than 1 child

8) NO Social Security, Medicaid or Medicare benefits to ANYONE NOT A US CITIZEN even if their "citizen" child brings them into the US - as are all being done now for NON Citizens!

9) Give the President Line Item Veto rights

10) Give life in prison to ANY politician find guilty of any abuse of power or corruption while in office

11) OUR prisons - lower the taxes to care for the Prisoners - no more coffee or juice, let them drink water at ALL MEALS, feed them oatmeal/toast for breakfast, peanut butter/jelly sandwiches with crackers for lunch and inexpensive stew (easy to make and serve requiring less kitchen labor) And for medicines make them pay the FULL COST of medicine - why reduce their costs out of taxpayers pockets ? I didn't unjustly put them in prison THEY BROKE the law - suffer the CONSEQUENCES


STOP THE MADNESS


P.S. Anyone running on the above platform will WIN any FUTURE elections, so Go for IT you TRUE AMERICANS!

Please, let's not forget the history of royalty. When overthrown or conquered, kings and queens were usually murdered or exiled. All of their precious wealth was pillaged and plundered. There was no amount of treasure
that could buy them away from that fate. I certainly hope that we have a lot more inside of us than just some pretty
metal or sparkly jewelry. Remember, guns are worthless unless you have one in your hand in a state of surprise.

The Dollar Stopped being Backed by [[Gold]] in 1913, when Woodrow Wilson signed the [[Federal Reserve Act]] and it was a big mistake, had our Currency continued to Made by the Government and Backed by [[Gold]] Our Economy would be in Great Shape, just look at the Price of Gold. We would not have to Borrow Money from [[Communist-Socialist China]] we would be one of the Nations other than Brazil and Canada Surviving and Thriving in this Economic Down turn, but alas, the Federal Reserve, a Private Corporation, Controls and Prints our Currency and thus we are in this Financial Bind...

If the FED had continued to have [[Gold]] to back our Currency, i would have Nothing Against the FED Printing the Money, but [[Gold]] does not back the US Dollar...

Sorry

Facts are Facts

Just think, had the Federal Reserve Continued to have GOLD BACK our US Dollar, we would be in Great Shape !!

My dad had a saying. "All is not gold that glitters and all is not......... that titters." I left you a word to fill in. A plural noun.