The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans.
Doug CaseyTrusting the government with money creation is like trusting a drunk with a whiskey factory.
Doug CaseyGlobal warming is the most prominent form of mass hysteria raging across the world today.
Doug CaseyOver two thousand years ago, Aristotle taught us that money should be durable, divisible, consistent, convenient, and value in itself. It should be durable, which is why wheat isn't money; divisible which is why works of art are not money; consistent which is why real estate isn't money; convenient, which is why lead isn't money; value in itself, which is why paper shouldn't be money. Gold answers to all these criteria.
Doug CaseyFear is being used by the political class as an excuse to accumulate more power and self-importance - and collect a lot more taxes to support their agenda.
Doug Casey