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Will they ever just tell it like it is? NOT!
Not until we have competent people in government who can achieve what others only claim that they can. I understand that one of the facets of leadership is to not panic the masses. Still, if the masses were treated like adults, perhaps they would start acting like adults. Hmmm... on 2nd thought, perhaps that is precisely what government fears the most. :-/
I had a good laugh over Warren Buffet's comment on how to fix the debt problem. He said that, "If the debt is more than 3% of DGP, no sitting congressman should be eligible for re-election". Yes, indeed. That would be SURE to resolve this issue. In business, the path to success is often begun by converging the interests of management and shareholders. Today, the interests of citizens and congress are not aligned. The more money they can squander, the more votes they can buy. This is NOT working for the country, although it seems to be working for congress. If it wasn't, we would not have so many people with careers in elective government office. No elected official should ever have a career. It should be a job that they do for a fixed time before going back to their real life and taking care of their business, ranch, farm, family investments, or whatever.
I think that any further "stimulus" would certainly weaken the dollar and strengthen PMs. Unlike paper promises to pay a debt, PMs ARE payment in full. No government printing press can churn out unlimited amounts of PMs. But they CAN, WILL, and ARE churning out near-unlimited amounts of fiat currency.
Besides... what is with all this "stimulus"? From what we have all seen so far, a couple of trillion dollars and Euros have already been spent on this dumb idea with VERY little to show for it. It's been a dismal failure and a financial disaster. Anyone who wants to do more of what has always failed should have their head examined.
The basic problem is that we simply have too much government! We need less of that... A LOT LESS! Quote:
Im confident we will see the collapse of the dollar sometime in our lifetime. Probably within the next few years.
I feel the same way, RP2012. I am deeply concerned for our country, especially during the 2013-2015 time frame. Great damage has been done to it already and this seems to me to be a critical time for the dollar and for the Euro as well. The Yen isn't looking all that great either. Japan is a nation of savers, though, and that gives them a HUGE advantage over any nation of spenders.
On a better note, my silver hoard is coming along nicely. My plan to buy some every month is still in place. I have some 5-oz. bars coming from both SilverTowne and from Provident. Would like to have 1,000 ozs. of silver to complete the hoard, hopefully before the 2012 elections. With the new bars I will have 208 ozs. Not too shabby for only starting this year.
Posted 08/06/2011 7:53 pm
