January 22, 2010

The real Unemployment Number

I could not have put it better myself. The government has been playing loose with the official statistics they release on employment, inflation, GDP, (etc) for decades. Those goons can't even be trusted with the simple task of "counting".


August 06, 2009

A world without the Federal Reserve and paper money

The Mogambo Guru has an interesting nugget of truth today that puts this whole economic mess into perspective. This is pretty much a follow up to my previous article "Gasoline Prices Haven't Changed in 45 Years".

The quote below explains how the world has changed since the US stop backing the dollar by gold on Aug 15th 1971. Pay close attention and see if you spot the trend.

He compares "How Much things cost on Aug 15th, 1971" to what they cost today.

Dow Jones Industrial Average 890 or 25 oz. gold in 1971, versus 9,000 or 10 oz. gold today.

Average Cost of new house $25,250 or 721 oz. gold in 1971, versus 250,000 or 277 oz. gold today.

Average Income per year $10,600 or 302 oz. gold in 1971, versus $70,000 or 77 oz. gold today.

Average Monthly Rent $150 or 4.3 oz. of gold in 1971, versus $824 or 1 oz. of gold today.

Datsun 1200 Sports Coupe $1,866 or 53 oz. gold in 1971, versus $28,400 or 31 oz. gold today.

The main lesson to learn according to the Mogambo Guru: "If your money is dollars, you live in an inflationary world. If your money is denominated in gold, you live in a deflationary world."

As of today, the 30 cents I mentioned in my "Gasoline hasn't changed.." article actually buys you more than one gallon of gasoline, 45+ years later. Whether its gold or silver, if you are shopping and saving in precious metals instead of worthless paper-shit money you will be better off in the long run. Take this advice before this depression gets any worse!

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March 08, 2009

Legalizing Marijuana is gaining momentum

From the Chicago Sun-Times we get the following editorial arguing for the legalization of marijuana. Here's a great quote explaining the economic benefit:

Marijuana, however undesirable some might view it, is not much, if any, different in its effects than alcohol and should be treated the same. And Ammiano has a point: A 2005 study endorsed by the late Milton Friedman and 530 other economists found legal regulation would save the nation $7.7 billion in enforcement costs and bring in up to $6.2 billion in taxes.

Beyond that are the issues of the terrible crime drug prohibition inflicts on mostly minority neighborhoods in big cities and the narco-terrorism raging in countries where criminals and poor people simply produce a product in huge demand in America.

Save lives, save money! It's simple as that. Spread the word and write a letter to your congress-critter so that the Feds can lay off this moronic prohibition of weed.

Disclosure: I don't smoke weed, I never have and I'd volunteer for a random piss test 365 days of the year to prove it. I don't have a dog in this fight for legalization, I'm just opposed to the government tyranny and disgusting waste in public funds for prohibiting a plant from being consumed. The silver lining in this depression would be the humane legalization of this drug.

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February 10, 2009

Obama, here's $10 BILLION without needing the Stimulus

If anyone one has a direct line to Emperor Obama, please give him this tip (watch the video below). It's a win-win, no need to argue with hypocritical Republican fucks and no need to destroy the value of our currency with more inflation!

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January 27, 2009

Ron Paul is on a warpath.

Two great videos from Ron Paul explaining both foreign policy (and why the Obama Crime Family will continue the murderous Bush policies) and schooling amateurs on the basics of the economic crisis. Enjoy!

Ron Paul on Foreign Policy:

Ron Paul on the Economics of this depression:

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