tag:blogger.com,1999:blog-4912740994725147558.post1317572556273386329..comments2023-07-23T08:43:18.965-05:00Comments on FreeOklahoma: Gold getting ready for another big movePorter Haskell Davishttp://www.blogger.com/profile/15600071032595266775noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4912740994725147558.post-20138664371936870712008-07-02T15:23:00.000-05:002008-07-02T15:23:00.000-05:00I understand what you're saying Porter, I also pos...I understand what you're saying Porter, I also possess gold and silver for the same reason.<BR/><BR/>What I am saying is that we can't eat gold. Gold does not provide the security and 'education' necessary to endure the coming collapse. Gold won't fill our bellies or our childrens bellies when the food stuffs don't exist to begin with.<BR/><BR/>Here is a story running in my local paper:<BR/>http://www.morningsun.net/news/x19928809/PSU-receives-10-million-gift<BR/>On the surface it would seem like a wonderful 'blessing' to recieve $10 million dollars to expand a college, but let's look at it from a different perspective.<BR/>That same $10 million dollars would go a long way to 'educating' people that their reliance on this governmental system has led them to poverty.<BR/>You could take that same $10 million dollars and distribute $1,000 to 10,000 needy families that are discovering that the poverty they lived in is nothing compared to the poverty that in store for them.<BR/>Yet we believe ourselves to be people of distinction because we 'see the wisdom' of putting such an abundance of funds to such a worthwhile cause.<BR/>That my friend is NOT wisdom but an 'education' of futile ignorance.<BR/><BR/>When the work we do no longer puts food on the table for us and our families what good is any 'education'?ksdroverhttps://www.blogger.com/profile/11045367123834601831noreply@blogger.comtag:blogger.com,1999:blog-4912740994725147558.post-47416109688049349992008-07-01T22:29:00.000-05:002008-07-01T22:29:00.000-05:00It is not a "good" thing that gold is going up, an...It is not a "good" thing that gold is going up, any more than it is "good" that a thermometer shows one's temperature is rising. A rising gold price is a measure of the debasement of the currency. <BR/><BR/>What is "good" about gold and silver are that they have intrinsic value, and are not anyone else's debt. History has shown that they are proven stores of value. As such, they give people a chance to protect their liquid weath from erosion by inflation.Porter Haskell Davishttps://www.blogger.com/profile/15600071032595266775noreply@blogger.comtag:blogger.com,1999:blog-4912740994725147558.post-14540630667928694292008-07-01T22:06:00.000-05:002008-07-01T22:06:00.000-05:00"comprehension""comprehension"ksdroverhttps://www.blogger.com/profile/11045367123834601831noreply@blogger.comtag:blogger.com,1999:blog-4912740994725147558.post-92010230487371127872008-07-01T22:05:00.000-05:002008-07-01T22:05:00.000-05:00I do not understand how people think that gold goi...I do not understand how people think that gold going so high is a good thing. The devaluation of the dollar through the expansion and contraction of the money supply was one of the most explicit warnings our founding fathers gave us.<BR/><BR/>To think these events are mere happenstance is to submit to a naivete that is beyond comprehesion.<BR/><BR/>The ONLY way to avoid what looms beyond the horizon would be to adopt a barter system which precluded taxation by the source of our economic woes.(Which will never again happen.) By adopting such a system people would have to re-educate themselves to providing labor relative to necessity, again won't happen.<BR/><BR/>This may seem somewhat dialectic but I do not doubt that the price of gold in comparison to the dollar will rise. <BR/><BR/>My query is: At what point will people stop accepting the dollar as an exchange medium?ksdroverhttps://www.blogger.com/profile/11045367123834601831noreply@blogger.comtag:blogger.com,1999:blog-4912740994725147558.post-43770726010457534762008-07-01T16:48:00.000-05:002008-07-01T16:48:00.000-05:00The Fed is between the proverbial rock and a hard ...The Fed is between the proverbial rock and a hard place, on the horns of a dilemma, if you prefer. If they raise rates to strengthen the dollar and dampen inflation, and they stifle economic activity even more. That's not very popular in an election year. The effect of inflationary money creation on an economy is like that of meth for a speed freak. They don't like the withdrawal pains, while it takes more just to keep going. Too much, and they die exhausted anyway. Alan Greenspan's chickens are coming home to roost. Hyperinflation, anyone? (Our predicament lends itself to many figures of speech!)Porter Haskell Davishttps://www.blogger.com/profile/15600071032595266775noreply@blogger.comtag:blogger.com,1999:blog-4912740994725147558.post-20496111240404043472008-07-01T16:24:00.000-05:002008-07-01T16:24:00.000-05:00Porter, what are your thoughts on the possibility ...Porter, what are your thoughts on the possibility that the Federal Reserve will increase rates in an attempt to slow inflation making the dollar look more attractive?<BR/>Take care, Bob...<BR/>Bob DonohooAnonymousnoreply@blogger.com