Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

Let The Buyer Beware

February 24, 2012 by  

Another warning about the dollar’s decline. Warren Buffett writes: “Even in the U.S., where the wish for a stable currency is strong, the dollar has fallen a staggering 86% in value since 1965, when I took over management of Berkshire [Hathaway]. It takes no less than $7 today to buy what $1 did at that time.” This “invisible inflation tax” is devastating the value of bonds. In fact, he warns, “Right now bonds should come with a warning label.” I agree. Caveat emptor.

Right-to-work wins big in Indiana. Congratulations to voters and workers in the Hoosier State. Last month, Indiana became the 23rd state to enact right-to-work legislation, freeing employees from any requirements to join a union or pay union dues as a condition of employment. The unions are furious, of course. The International Union of Operating Engineers Local 150 filed a lawsuit Wednesday in U.S. District Court, asking a judge to block Indiana’s new right-to-work law from being enforced. Time will tell if the courts give them a victory that the Legislature wouldn’t.

This Fed president likes gold. Richard Fisher, the president of the Federal Reserve Bank of Dallas, has warned in the past that Ben Bernanke’s low-interest rate policies will fuel inflation. Now, it turns out that his investments confirm his concerns about the dollar’s decline. Fortune reports that Fisher has more than $1 million invested in a fund that tracks the price of gold. He is also heavily invested in real estate and other commodities, including $250,000 worth of uranium.

Pat Buchanan gets the ax. The powers-that-be at MSNBC finally decided to part ways with conservative commentator Pat Buchanan. The only surprise is that Buchanan lasted so long, but his 10-year run on the very liberal network is now over. Apparently, his latest book, Suicide of a Superpower, was the final straw. It contained a chapter titled “The End of White America.” MSNBC president Phil Griffin said he didn’t believe the book “should be part of the national dialogue, much less part of the dialogue on MSNBC.”

–Chip Wood

Chip Wood

is the geopolitical editor of He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference.

Facebook Conversations

Join the Discussion:
View Comments to “Let The Buyer Beware”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at

  • Cliffystones

    Warren Buffett?

    Like Chris Christie said the other day, “He should just write a check and shut up!”

  • http://yahoo don

    you people who wanted right to work law will find your wages and benefits go down.the union was the only thing that kept pay decent. as far a pat buchanan goes, i supported him when he ran for president against bob dole. you can almost tell that dole was backed by the big business elite thats why dole won. the best man lost. i used to listen to him on talk radio shows and he seemed a lot more intellegent than most of our former and present presidents. he kinda told us how it was instead of beating around the bush.

  • ChristyK

    The Unions cause wages and benefits to be so high that large numbers of union members become unemployed. Businesses can’t operate if their employee costs are too high. The US has higher wages, benefits, regulatory costs, and just about every other kind of cost. This is why businesses are leaving America. High wages don’t matter if you don’t have a job.

  • FreedomFighter


    The goal is destruction of America, to bring in the NWO.

    Laus Deo
    Semper Fi

  • s c

    [I responded earlier, and my feedback disappeared] Here goes attempt #2. I’ll limit my feedback to a single topic, and that topic is ‘the right to work.’ Without relating the whole “load” of my many opinions concerning unions, I’ll merely say that the best feature of the ‘right to work’ is in the FACT that it DID NOT come the ‘talents’ of Lenin or Marx. Unions have worn out their welcome, and it’s time for adults to put childish things behind them. Can I assume that NONE of you have ANY use for Lenin or Marx?
    American unions DO come from the ‘blessings’ of Lenin and Marx. If you don’t believe it, it’s because YOU are ignorant of your history, folks.
    Say what you want, but it’s time for them to be marginalized and put out of existence. A union is a tool of politicians and and other criminals who benefit from BIG BUCKS money generated by ‘collective bargaining’ (another tool via Lenin and Marx).
    Which is more important, people? Do you choose freedom over slavery? If you love freedom, then you can’t in good conscience want anything to do with a union. Unions and Uncle Scam have one major common feature. That is, BOTH specialize in turning their “good qualities” into ____ sooner or later.
    Spare me the ‘at one time unions served a purpose’ argument. THAT was THEN. THIS is NOW. Do you know the difference?
    HOW do unions NOT serve as a money-laundering scheme for criminal politicians? Is it any coincidence that American unions have a LONG history of being associated with organized crime?
    Choose, people. You can be free, or you can have a union sucking America’s life blood. Some people can’t make basic decisions. Some can. This isn’t theoretical calculus, folks. This is FREEDOM or SLAVERY. Try and sell CHINA or RUSSIA on the idea of unions. Good luck with that, people. They’re Communists, and they KNOW what unions are truly worth to a country.


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.