More CNBC Double Talk
CNBC was at it again yesterday. They had this bald headed shill running cover for the Federal Reserve Board. They were having a discussion about whether or not Ron Paul was acting unethical because he buys gold and at the same time as he is always introducing legislation to bring us back to the gold standard.
Everybody agreed that Dr. Paul had broken no ethics laws including Mr. Baldy. But his reason was that the gold standard would never come back so it made no difference that Congressman Paul buys gold and silver. Then he injected some classic double talk to confuse the viewers. He points out how well stocks did over a specific time period as compared to gold.
Really? So as usual I began screaming at the TV. HOW MUCH BREAD CAN YOU BUY WITH STOCKS? They were talking about paper money being replaced by gold and silver money. Whether real money like gold and silver are used or paper money it has nothing to do with stocks or other investments. Investments are investment and money is money. Money is something you use to transact with in the economy so that we don't have to resort to barter. Money is not an investment especially if it paper. Paper money has constantly lost purchasing power since 1913 when it was introduced to a naive American public.
If the bald shill was honest he would be comparing paper with hard money like gold and silver. But he is just another crook who earns a great living lying to us. Money made of paper constantly losses value because the Federal Reserve is always printing too much of it. So paper money is a liability. You get some of it and you better spend it on something quick before it loses more value. Gold and silver money maintains a stable value so you could stick it under your mattress for ten years and still purchase the same amount of goods or services as ten years earlier.
In 1986 I earned $8,000 is green paper money. What could I buy today with that amount of money? Gas was about a dollar a gallon. Today it hovers around three dollars a gallon. So if I'd have put that eight grand under my mattress I'd have only been able to buy 1/3 as much gasoline as I could in 1986. If I'd have been paid in gold I be able to buy approximately the same amount of gas as in 1986.
To sum up an investment is where you place some of your wealth into some endeavor that will earn you some interest for your wealth because your invested wealth is being used in the economy to create even more wealth. Money on the other hand is a device that we use to transact within an economy and is not an investment. Gold will not appreciate in value compared to many investments I'll admit. However, gold will maintain its value until you are ready to buy something with it. Paper money has constantly lost purchasing power. Most people mistakenly believe that gold is constantly increasing in value. In reality gold is valued about where it has always been. Sadly, we are forced to buy it with devalued paper money that constantly loses purchasing power so you need more and more paper money to buy the same amount of gold. If you want to know where your purchasing power went it was stolen by the Fed bankers through inflating the currency in circulation. It only takes a tiny faction of that stolen wealth to pay shills to help swindle you.
I can say without hesitation that soon the greenback will possess the same value of toilet paper - perhaps even less. At least toilet paper is soft enough to put to good use.
Everybody agreed that Dr. Paul had broken no ethics laws including Mr. Baldy. But his reason was that the gold standard would never come back so it made no difference that Congressman Paul buys gold and silver. Then he injected some classic double talk to confuse the viewers. He points out how well stocks did over a specific time period as compared to gold.
Really? So as usual I began screaming at the TV. HOW MUCH BREAD CAN YOU BUY WITH STOCKS? They were talking about paper money being replaced by gold and silver money. Whether real money like gold and silver are used or paper money it has nothing to do with stocks or other investments. Investments are investment and money is money. Money is something you use to transact with in the economy so that we don't have to resort to barter. Money is not an investment especially if it paper. Paper money has constantly lost purchasing power since 1913 when it was introduced to a naive American public.
If the bald shill was honest he would be comparing paper with hard money like gold and silver. But he is just another crook who earns a great living lying to us. Money made of paper constantly losses value because the Federal Reserve is always printing too much of it. So paper money is a liability. You get some of it and you better spend it on something quick before it loses more value. Gold and silver money maintains a stable value so you could stick it under your mattress for ten years and still purchase the same amount of goods or services as ten years earlier.
In 1986 I earned $8,000 is green paper money. What could I buy today with that amount of money? Gas was about a dollar a gallon. Today it hovers around three dollars a gallon. So if I'd have put that eight grand under my mattress I'd have only been able to buy 1/3 as much gasoline as I could in 1986. If I'd have been paid in gold I be able to buy approximately the same amount of gas as in 1986.
To sum up an investment is where you place some of your wealth into some endeavor that will earn you some interest for your wealth because your invested wealth is being used in the economy to create even more wealth. Money on the other hand is a device that we use to transact within an economy and is not an investment. Gold will not appreciate in value compared to many investments I'll admit. However, gold will maintain its value until you are ready to buy something with it. Paper money has constantly lost purchasing power. Most people mistakenly believe that gold is constantly increasing in value. In reality gold is valued about where it has always been. Sadly, we are forced to buy it with devalued paper money that constantly loses purchasing power so you need more and more paper money to buy the same amount of gold. If you want to know where your purchasing power went it was stolen by the Fed bankers through inflating the currency in circulation. It only takes a tiny faction of that stolen wealth to pay shills to help swindle you.
I can say without hesitation that soon the greenback will possess the same value of toilet paper - perhaps even less. At least toilet paper is soft enough to put to good use.
posted by Tomás Estrada-Palma at
5:57 AM
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