Wednesday, May 30, 2007

Another Trumpet Of Financial Doom

The U.S. Dollar is Moving Rapidly

Wednesday, May 30, 2007 -
Investor letter writer Doug Casey likes to say, not with a smile on his face, that all paper currencies eventually decline in value to their intrinsic worth - zero. And history certainly backs him up.Of Americans' predicament today, Donn Stott writing on states:"Dollars? Uh uh. Just pieces of paper fluttering in the breeze. When Saddam was captured, he had $175,000 in hundred dollar bills in his hole with him. Two 53 foot long trailers chock full of hundred dollar bills were found when we invaded Iraq. Counterfeit? Who knows? They're all counterfeit, no matter who prints them. Thanks for trying JFK, if you are somewhere and can read this. Protect yourself."The late Bernard Shaw would no doubt have agreed fully. He once remarked:"You have a choice between the natural stability of gold and the honesty and intelligence of the members of government. And with all due respect for those gentlemen, I advise you, as long as the capitalist system lasts, vote for gold." Staff Reports - Free-Market News Network

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