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Doctor's In: To Samuel Clemens and His Responses to My Post

Responses to comments by Samuel Clemens, Democrats vs. Republicans...

 To Samuel Clemens and His Responses to My Post

S.C., Regarding your comments on inflation: Inflation is a fact of life. I agree printing vast amounts of currency reduces the value of that currency. On the surface that is a bad thing. That aside, I watch the dollar in relationship to other currencies as my guide. All things considered the dollar has held up pretty well. 

We are still the country with the safest bet for investments.  China with all the positve press on their economy isn't close to the size or complexity of our economy not to forget  their not addressing environmental concerns, paying labor at slave levels, and the brutality of the Chinese regime. Whenever people are told to stand up and wave flags when their leader visits - lookout!  I remember those events when I lived in the Philippines. Mr. and Mrs. Marcos loved demonstrations for their benefit. If that is only an opinion, you need to do some reading. I read somewhere that if you added all the european nations together including Asian countries (possibly excluding Germany) they wouldn't come close to our GNP. 

Again, on the dollar issue, better to print and inflate for debts have to be paid and the industries which uplifts the middleclass with jobs must be protected.  It would be a disaster if we defaulted on our debt.  Berneke is correct on how he is manageing things considering the problems.   I fully supported the bailouts.  Many companies have paid back their debt. Imagine if the big three went under.  The options were food lines and a depression that would have eclipsed 1929.  Was it criminal that banks and financial institutions used it as corporate welfare and enriched salaries and added bonuses- absolutely. Abusers should go to jail.  

On gold - it has had a great run but watch it.  It got hit hard today and has been extremely eradic for the last quarter.  I wouldn't bank on smart money buying gold and that includes smart countries.  It is too speculative and unpredictable.  Again - look at the dollar - with all the printing and I am hoping to see the bleeding stop - it is holding up.  I am not a seer - I base my judgements on past performance.  You may disagree with me - that's fine.  That's enough for this blog.    

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Samuel Clemens October 17, 2012 at 05:55 PM
If you truly want to learn more about non-revisionist history and the financial system, THE CREATURE FROM JEKYLL ISLAND is a must read. Really want to learn, go get this book.
Mark S. Hankins October 17, 2012 at 09:44 PM
This is a good starting point for someone who wants the meat of what's coming down: http://www.infowars.com/lindsey-williams-the-final-countdown/
Mark S. Hankins October 18, 2012 at 03:36 PM
The notion that the U.S. financial collapse had to be stemmed at all costs is what got us into this mess. If you're up a rickety ladder so far that if you fall you're going to break your leg isn't it lunacy to continue to climb so high you'll break your neck or even be killed if you fall? Every nation on Earth that has gone to a fiat currency has eventually had hyperinflation and had to start over from scratch. It would be an awesome achievement to be the one that backed down before that happened.
Samuel Clemens October 18, 2012 at 05:05 PM
CONSPIRACY THEORIST!!!!!!!!!!!!!! I wish more people listened to Alex Jones...........or even our local "Liberty Underground" show Fridays 9-11am on AM 1340 & 1350. The sooner the masses turn off the idiot box and start tuning into reality, the sooner we can enact the changes we need.
Mark S. Hankins October 23, 2012 at 03:37 PM
Bernanke is playing with fire. Apparently the belief is that if you can beat some of the weaker players with a bluff, you will wind up with enough chips to go up against the stronger players. http://www.zerohedge.com/contributed/2012-10-23/bernanke-%E2%80%93-i-want-bust-hkma

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