Extacy of Gold

Gold doesn’t have the capacity to do anything that the Federal Reserve Bank can do to regulate inflation or deflation. Gold doesn't allow money supply to keep up with money creation, which is what happens in a sound economy. Gold is a limited supply commodity that is finite. It won't reach to cover the United States economy and there ain’t a prayer that it can cover the world's economy. Deflation has economic problems that can be just as bad as inflation. If we tried to use it as our currency, we would have massive deflation. Massive deflation leads to money hording rather than investing and banks can’t lend because the value of things are going down. Deflation is mostly associated with depressions.

Let me explain. Remember when real estate was the only sure bet investment? It had real… estate value. You could pass it down to your children. You could live on it, or in it. It had physical size and was tangible. However, its value went up and up and up, far beyond its real affordability. Why? How?

See below...

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Suppose the Republicans aren't quite doing all they could to shrink their Party...

Did you think they were doing a pretty good job? Well think again. All you have to do is look at the following Resolution that is making the rounds of Republicans called "RNC RESOLUTION ON FINANCIAL SUPPORT OF CANDIDATES," and you'll see why they have only begun to place the gun to their collective foot:

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Obama won. There is no need for Clintons or Clinton supporters.

Obama won I get it.

He doesn't want the Clintons having any say despite their 18 million votes.

I get it.

He has tons of money and doesn't need mine.

I get it.

The DNC backed him and doesn't need my vote or money either.

I get it.

There is a new wave with new voters and its as new party.

I get it.

I have no input in this new party.

I get it.

Have a nice day.

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Party Chez O'Connor This Saturday


Crossposted fromMY LEFT WING

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Hillary for VP

Obama supporters, what gives?  Cheer up.  Your guy won.  The threads on including Hillary on the ticket are so short-sighted and depressing.  Obama doesn't need a white guy to win Appalachia.  He doesn't need a woman to win the Hillary Clinton Democrats.  He doesn't need a southerner to win NC.  He doesn't need a libertarian Democrat to win the mountain west.  He doesn't need a latino to win latinos.  He doesn't need an old guy to win the elderly.  He doesn't need Hillary to win.

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