Asset and Wealth Protection
It never ceases to amaze me the amount of blind faith average Americans place in the strength of the U.S. dollar. It’s dangerous to believe one argument for the dollar’s strength, that there is no way the dollar’s value will ever collapse because it is the dominant petro-currency, and the entire world needs dollars to purchase oil.
Government in Mexico exists, to be sure; but it has been slow to acquire the desire and sophistication to put its boot heel on the neck of its citizens. Yet, as Mexico becomes more First World, so has its government. While light years behind the USSA in intrusiveness, Mexico is following briskly in the footsteps of its northern neighbor.
The Senate Homeland Security and Government Affairs Committee set the wheels in motion this week for a comprehensive review of how it plans to clamp down on virtual currencies like Bitcoin.
It is certain that Federal Reserve Chairman Helicopter Ben Bernanke was relieved last month when he testified before Congress and his longtime antagonist, Congressman Ron Paul, wasn’t present. Bernanke’s statement that “… nobody really understands gold prices, and I don’t pretend to understand them either” went unchallenged.
Welcome to the wacky world of 2013, where bad financial news is met with the cheers of investors who believe stimulus will last forever, where foreign investors dump the U.S. dollar in bilateral trade while mainstream dupes argue that the greenback is invincible, and where everyone seems to be buying precious metals yet the official market value continues to plunge.
You say to take possession of your stock certificates. When I tried to do this they wanted to charge me $500 for each certificate. Is there a way around this fee?
On Wednesday, President Barack Obama delivered a speech in Galesburg, Ill., decrying political conflicts that aren’t focused on improving the economy, heralding his Administration’s economic efforts and promising to do more work on the economy. Obama said that over the past 40 months, American businesses have created 7.2 million new jobs. But, as pointed out […]
Editor’s Note: This article by former Congressman Ron Paul first appeared at the-free-foundation.org, the temporary home for his weekly column until his personal web page is up and running. We are publishing it on Personal Liberty because of the impact Paul’s relentless criticism of Fed policy throughout his Congressional career had in bringing the Nation’s […]
You recommend gold and silver but they have crashed. I have lost thousands of dollars.
A: I admit I did not anticipate the crash. Actually, it was not a crash but a slam by the big commercial banks, led by JPMorgan. This slam damaged the precious metals market. Not permanently, but for maybe about two months. This is an act of desperation by the government in cahoots with the big banks. But remember, the U.S. and the world are awash in fiat dollars. Printing money is nothing but the constant devaluation and depreciation of those paper dollars. We have this last opportunity to cash in on these suppressed prices of gold and silver. And you have not lost anything unless you sell your metals at depressed prices. JPMorgan has gone from record shorts to record longs. This means they expect this temporary suppression to give way to the most explosive advances imaginable.
Human beings have a nasty habit of ignoring the cold, hard facts of the present in the hopes of using apathy as a magical elixir for future prosperity. The American people allowed themselves to be caught off guard in 2008, just as they are setting themselves up to be caught off guard again today.