Raw Silver Morgan and Peace Dollars

Silver dollars are the next best thing!

That is a really poor choice for a title of this last in Bernanke's series of lectures. 

Strange how history has a way of favoring the survivors. Nonetheless, much of the series has historic value. Some of it requires a suspension of common sense, other parts are bravely pastiched from the whole cloth of rhetoric, and every now and then, some facts do emerge. You will have to decide for yourself which is which 

Bernanke grades his lecturees on a proprietary curve which he learned while playing quoites with Baron Rotschild and his other cronies in the Bildesberger. It goes something like this: Depending on the students lineage and family ties, they will get either a Pass, Fail or Welcome Aboard!

Listen as he indoctrinates the next class of world leaders in this final lecture at George Wahington University.

The following link will give you more on Chairman Bernanke's lecture series. Helicopter Ben 'splains the Fed to the next generation at George Washington University.

This is the first in a series of four lectures by Ben Bernanke.

Interesting to note that he begins by telling the students a prevarication (it wouldn't be kosher to call such an august man a liar - oh hell, if it walks like a duck, swims like a duck and quacks like a duck, chances are ... it's probably a bloody duck!).

Anyway, here for your elucidation ... and amusement ... are the erudite ramblings of "Helicopter" Ben!

Being all a-twitter with anticipation here, without further ado is: Bernanke, the Lecturer, Part One 

Enjoy!

Has "Hat Pin" Charlie Sizemore put the hex on precious metals?

When the US Dollar gets stronger, it takes fewer dollars to buy any commodity that is priced in $USD. When the US Dollar gets weaker it takes more dollars to purchase the same commodity.

For the very well heeled investor! A 14 minute film - but well worth the time for the education it offers.

We don’t need no stinkin’ gold! (Or silver either.) It’s just a barbarous relic of a by-gone era, right? Well, consider this – we’re spending nearly 12% of GDP in borrowed money that we don’t have. In just one month (May) in 2010 we borrowed and spent $333 billion – that is 28% of GDP!

The CBO (Congressional Budget Office) stated in a report: “In actuality, the economic effects of rapidly growing debt would probably be much more disorderly as investors’ confidence in the nation’s fiscal solvency began to erode. …..All in all, the U.S. economy could contract sharply for a long period.” (end quote). This is an 82 page document that is well worth your reading – unless you don’t give a damn! Hey! It’s your money Mr. and Mrs. John Q! If you don’t care, I can assure you your elected officials sure as hell don’t!

Is it any wonder then that Cramer, CNBC, the Wall Street Journal (including MarketWatch), Geithner, the Oracle of Omaha and all the government flacks are fighting so hard to maintain an illusion of control over the economy?

The U.S. government has printed so much money that the monetary base has swelled from $800 billion to $1.7 trillion. That means the US government has created 2.1.dollars for every 1 dollar there was in America just one year ago.

Gold: The same policies that are sinking the dollar have pushed gold up more than 350% in the last eight years. The Washington Times sums it up this way: “Dollar slides, investors hedge, gold soars”

China buys gold while the US whistles past the graveyard.

Political statements to the contrary; no one has a clue how this economic malaise will play out – although theories are as prevalent as marijuana at a San Francisco free clinic. The main cause of hyperinflation is a massive and rapid increase in the amount of money that is not supported by a corresponding growth in the output of goods and services. This results in an imbalance between the supply and demand for the money accompanied by a complete loss of confidence in the money, similar to a bank run.

It's important here to mention the lineage of the Bank for International Settlements. It is the most obscure arm of the Bretton-Woods International Financial architecture but its role is central. John Maynard Keynes wanted it closed down as it was used to launder money for the Nazis in World War II. Run by an inner elite representing the world’s major central banks it controls most of the transferable money in the world. It uses that money to draw national governments into debt for the IMF.

The Commodity Super Cycle will drive commodity prices higher for another eight years… including gold. Add to that the fact that since 2001, the US Dollar Index has tanked 30%… yet gold has risen 300%. Also, during major gold bull markets gold and the Dow converge at a 1-to-1 ratio. During the last gold bull run the Dow sank to 850 and gold rose to $850. All that, and six more bullish gold statistics...

Is a New Gold Standard Coming? 

World Bank president Robert Zoellick advocates a new global monetary system that might include gold. He states: "Although textbooks may view gold as the old money, markets are using gold as an alternative monetary asset today.”

Why would anyone want to pay more than the face (or intrinsic) value for anything? That defies common sense – - – doesn’t it?

Gold and silver are the ultimate store of value and they are the only hedge during uncertain times.

Do you believe that gold and silver will rise in price and value or do you believe they are only barbarous relics of a bygone era, good for jewelry and some industrial uses, but nothing more?

If you believe that central bankers and the Treasury’s printing press is the answer to our financial dilemma then read no more!

Consumer protection or politics as usual? HR-6149 The Coin and Precious Metal Disclosure Act.

The entire gold market is worth less than Wal-Mart so it won't take much to make gold move (up and down).

China has doubled its gold holdings and encouraging its citizens to buy as well.

How is money and inflation related?