Docgrubb’s Weblog

…still reading this.   (Probably wordpressers pushing the “go to random blog” button.)  Anyhows…

Re: prior post, “Conspiracy…”, looks more and more mainstream.  Gold has broken $1000 (actually gold has met the dollar on its way down).   See this article from the NY Sun (looks like even the Fed is resorting to ‘creative’ collateral, just like the mortgage companies were doing with high risk clients):

http://www.nysun.com/article/72928

Do I advise you credit-card-maxed-out, mortgage and tuition-paying blokes to buy gold?  Actually, no.   I think the gov’t will soon have no option but to pull another Roosevelt on us, and outlaw private gold – they’ll recall it all in order to scramble up some reserves, then create a totally new dollar and demonetize the old dollar – effectively, as a nation, pulling a Chapter 11 on the rest of the world, to sneak out from under the multi-trillion debt we owe them.   So…gold is a gamble, not because the barbarous relic will ever be valueless (like I’ve told my wife, the only way that can happen is if the Unified Field Theory gets solved. Only then might real alchemy become a possibility, and lead turned into gold.  But by then economics as we know it wouldn’t matter anymore.  If quantum and relativity theory led to Hiroshima, can you imagine where a UFT would lead?  But I think we’re safe – I can’t imagine any new Einsteins out there), but because our gov’t is not beneath pulling a Roosevelt again – heck, the precedent’s been set already, and by such a darling man.

So you’ll have to think of some other commodity that might resist inflation.  Just don’t hang onto your greenbacks – they make lousy tissues, and don’t even burn very well.  I guess if washed repeatedly until soft, they might be able to be pieced into a quilt or something.   And don’t forget the firearms.