15 votes

Welcome to the new recession

UH OH!

"What's scary about all this is that the recent slowdown has happened despite very aggressive action by the major central banks"

http://money.msn.com/investing/welcome-to-the-new-recession



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Recession, (NOT!) Depression is more accurate...

in this instance. The CPI and employment rates have been fudged for a long time: proof @

www.shadowstats.com

"Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern." ~~C.S. Lewis
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

If we are in a recession

then the next major thing coming will be a war with some other country (Hello Iran). No sense deviating from the plan that still seems to work...

US cents left in 1982. We're now on the Zinc Standard - Ron Paul

Ron Paul lamented that even our lowly penny was robbed o its intrinsic value. Copper was replaced w/ zinc in 1982. But a mere laundry wash of copper for color, our 1¢ is gone to the wind. The last remnant of money round the world is our forlorn, lonesome US Nickel. I know of no other commonly circulated money in the market place.

Why must we count our wealth in debt-money that is just the opposite?
Recessions come & go. Will our sound money ever return?

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Some men worship

Some men worship rank, some worship heroes, some worship power, some worship God, & over these ideals they dispute & cannot unite--but they all worship money.

But what then shall they worship when money is no longer?

Beyond what you already reminded me, I don't know.

Bes as I recall, that is about as far as I figured out. Near as I can conjecture, man will immediately fall back to begging. Without money; man will take a notion to long for something else. Esteem & dignity perhaps?

BEGGARS

...the coat of arms of the human race ought to consist of a man with an ax on his shoulder proceeding toward a grindstone, or it ought to represent the several members of the human race holding out the hat to one another; for we are all beggars, each in is own way. One beggar is too proud to beg for pennies, but will beg for an introduction into society; another does not care for society, but he wants a postmastership; another will inviegle a lawyer into conversation and then sponge on him for free advice. The man who wouldn't do any of these things will beg for the Presidency. Each admires his own dignity and greatly guards it, but in his opinion the others haven't any. Mendicancy is a matter of taste and temperament, no doubt.
- Mark Twain, a Biography

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Economy Laundering. Be sure to take your "Legal Tender" discount

Economy Laundering is pervasive & pernicious. And legal in modern economies.

Discounting "Legal Tender" value by increases in money-supply (creating "legal tender out-of-thin-air), our economy is discounted steeply since 1913.

What does this mean? How does it affect you?

  • Imagine absorbing the shock of massive money-supply creation by a new, "legal tender" depreciation allowance. Tax exempt inflation avoidance.
  • Or, perhaps an unearned income tax credit. All the income you did not earn due to the massive overwhelming fraud of money-printing could show up as a credit on your bank credit union statement automatically. All tax-exempt.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

TwelveOhOne's picture

Want a guaranteed return on investment?

Based on the words of Ben Bernanke, the Federal Reserve is going to print an addition 1.02 trillion in 2012 (85 billion per month, times 12 months).

Current US debt is 16.394 trillion. Doing the math (1.02 / 16.394) it shows that moving your money out of Federal Reserve Notes and into sound money (any precious metal, although gold and silver seem to have a more liquid market) means that you will experience a 6.22% increase, merely by moving it into precious metals today, and back to FRNs a year later.

But one would be a little silly to ever move it back to FRNs, as they're backed by the full faith and credit of the US government, which these days is looking to have precious little of either.

Oh, and you'll need weapons to defend your stuff, which is another huge topic these days...

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