One Bubble Is About To Pop... And It Isn't Silver

WOW, very scary! I will need to re-think my approach...

Great read and an honest evaluation from someone qualified to assess. The only futures I'm buying are shiny and under my control.

And another one wise man said: "There's no crime or wickedness even the softest government can not commit if it runs out of money."

don't forget to read the disclaimer at the bottom.

It amazes me when I hear people say raising taxes will help our problems. This is historically NOT factual. Even JFK - on the Democratic side of the fence back in the 60's said that taxes are raised in order to curb prosperity. Bill Clinton tried to liken himself to JFK saying his policies were the same as JFK's, when, actually, Clinton's were the opposite. Clinton and the current administration both were for raising taxes.

The facts of the matter are that when you allow people to keep their own money - what do they do with it? SPEND. This creates more need for goods; this makes a need for more jobs; this boosts industry; and this raises the GNP and economic prosperity. This also makes for more tax dollars being taken in by the government. This IS the historically proven system that the US used to become prosperous.

The "rich" people who would be dumb enough to stash their money they were not taxed instead of re-investing into their business are the ones pushed out of business by the very root of capitalism - competition. The people lining their pockets instead of growing their business end up behind the cutting edge of business and fail

Just think what would happen right now if gas dropped to 1.00 a gallon. Let's face it, people would be rushing to buy large screen TV's, new computers, pay off their mortgages, etc. with the tremendous amount of money now in THEIR OWN pockets where it belongs. All businesses have more money, banks have more money to play with, and the government would get more tax money.

This WAS the mindset in the golden years of America's economy. History has proven it works. Give the people their own money and the economic woes melt.

Right now it is my opinion that "junk silver" is one of the best things to buy. b/c:
1. It is a PM that will keep its value for buying items.
2. Everyone - if the dollar collapses - knows what a dime, quarter, half dollar are and would more readily trade you what you desire for one of these than for a bar of silver which - to their eyes if unaccustomed to these things - could be counterfeit.
3. Remember that even if the government would try to confiscate silver and gold again, they traditionally leave out any coin of numismatic value. No one can tell me that even a 1964 dime does not have a numismatic value - look in any coil folder and see if it has a hole for one.

The problem with the economy was the government was raising taxes and wasting them. Let us have our OWN money, as a whole we spend it, and there are more tax dollars generated! Write your congressmen and tell them non-tampered-with history PROVES cutting taxes makes the economy healthy. Pay your fair share of taxes yes - it is our duty. But ANYTIME the government takes more control it causes disaster. The P.O., SS, medicare, medicaid, and every other place the government puts it hands is in financial trouble b/c THEY cannot handle our money responsibly.

- former history teacher

This would be the fine print at the bottom.........gotta love the internet when you say one thing and then let everyone know that just because you said it does not mean its true......i will continue my investing of physical gold and silver as a retirement security ontop of my 401k.....i obviously am not a professional investor of any kind and am only doing things based on things I've read and heard.....but no one can know the future so you mind as well have a little bit everywhere rather than have all your eggs in one basket.....nothing is set in stone to be a perfect investment....anyone that knows the future please pm me and let me know what to do next

Aah, the Laffer curve something that's obvious to every mathematician but not to every economist...

My Three Cents of comment:
- If the government values its POWER over all it keeps taxes above the optimal point.
- If the government values its MONEY over all it keeps taxes at the optimal point.
- If the government values its PEOPLE over all it keeps taxes below the optimal point.

Yeah, right! Anyone who knows the future will be VERY quietly exploiting their knowledge and not blabbing about it.

As to raising taxes? Heck, yeah! People need to learn that an irresponsible spending orgy HAS consequences. They will not grasp this concept until it bites them in the buttocks... or wallet, in this case. I agree that raising taxes will never solve irresponsibility but it WILL show people that government spending costs them REAL money... and the sooner, the better.