Obama was late... Ron Paul saw it coming 5 years ago!

Over at DailyKos.com, a recommended diary is flaunting Barack Obama's claim that he was trying to prevent this economic depression with this 2006 legislation to prevent mortgage "fraud, risk, or abuse".

That's really sweet and all on Obama's part but his legislation would only nip at part of the problem. Exactly 5 years ago Ron Paul sought to uproot and strike at the very heart of the crash in housing prices! Read Ron Paul's warning in 2003:

I hope today's hearing sheds light on how special privileges granted to GSEs distort the housing market and endanger American taxpayers. Congress should act to remove taxpayer support from the housing GSEs before the bubble bursts and taxpayers are once again forced to bail out investors who were misled by foolish government interference in the market. I therefore hope this committee will soon stand up for American taxpayers and investors by acting on my Free Housing Market Enhancement Act.

As of this week the Federal Government has had to continue bailing out more of these irresponsible firms, including the very two culprits Ron Paul was warning against, Fannie Mae and Freddie Mac! Your tax dollars at work. How can I get the Federal Government to bail me out if my small company fails? If the FED gave me that kind of promise you bet I'd ride the gravy train all the way to the bank like wall street just did these past few years.

Once again, the type of "change" Obama is proposing is only fluff compared to what our country really needs. Like Flava Flav says, "Don't believe the hype!"

Gasoline prices haven't changed in 45 years!

If you are paying for your gasoline in American Dollars, essentially fake fiat paper notes backed by bullshit, then the price of gasoline is eating you alive in the last few years. But since 1995 check out how the price of Gold has also gone up (if you are paying for it in US Dollars / per ounce):

Price of Gold:

Now check out how the price of Gasoline has risen in the same amount of time.

Price of Gasoline per Gallon:

The price of Gold and the price of Gasoline have nearly risen identically in the last 10 years! If you were buying gasoline for $1.40 a gallon in 2000 and buying an ounce of gold for about $275 a ounce as well then multiply both by 3 and in 2008 you are still getting gasoline for $4 a gallon and gold for about $800 an ounce.

If our money was backed by gold and silver, then since 2000, the price of a gallon of gasoline HAS NOT CHANGED!

Why? Lets check out the value of a US dollar since 2000:

Value of the US Dollar:

It pretty much tanked by the same amount. Its chart is going in the opposite direction of both gold and gasoline. God isn't making any more gold, silver and gasoline. All that was deposited on Earth is already here. But the Federal reserve is printing up more dollars and "watering down" their value everyday.

If this is not good enough then lets take it back 45 years ago:

That [1960's] quarter came close to paying for a gallon of gas that year – the average price per gallon was 30 cents. And the 1963 (or earlier) quarter was, shall we say, sturdier than today’s version: 90 percent silver, 10 percent copper. Today’s quarters, according to the U.S. Mint, “are ‘clad,’ which means layered. The inner core is pure copper and the outer covering is copper mixed with nickel.”

A quarter weighs about a fifth of an ounce. At today’s silver price of around $18 per ounce, the 1963 quarter had the equivalent of today’s $3.24 of silver in it. Thus, silver essentially buys the same amount of gasoline today that it did 45 years ago.

Our American money is a scam. Obama talks about change but he's not mentioning the REAL root of the problem. The whole system is a scam and Barack Obama is only putting lipstick on the pig.

Start adding a few silver and gold coins to your savings if you want to stay ahead of the never ending federal counterfeiting scheme!

*Note: Don't take investment advice from any blogger without doing your own research first. Peace!