Many of you have read the words of the mysterious writer “Another” and “Friend of Another” whose Thoughts are archived at USAGold.com. I was thinking back on a passage where FOA discussed that “all paper would burn” and he specifically talked about shares in mining companies. As I recall, he believed in primarily holding physical gold, but said that good companies would come out the other side of the paper burning devestation and regain their value, but the process would be long and painful. I onder if that is what we are going through now? I have shares that are six to ten baggers in reverse. It sure looks to me like my paper gold holdings are burning. I always thought he really was referring to futures contracts, but it seems that all forms of gold ownership except physical are under pressure. I never found the portion of the article I was looking for, but I found the following passage which seems very appropriate:

We pointed out earlier this year that our Fed would begin it’s inflationary march “now” and never turn back again. They did “then” and we are well into it now! Our point was made in spite of all the past decades of similar “dollar inflation” calls other hard money people declared were coming. Our dollar’s decline never arrived for these people because they based their calls on economic theory; instead of “political will”. “Political will” won then and will so now as we point correctly in the next direction.

Many said that the “bond vigilantes” would hamstring any effort to price inflate a credit driven money like the dollar reserve. Perhaps causing our Fed to eventually lose the war as it “pushes on a string”? Many of you have read countless opinions as to why our credit markets would implode into deflation as a “mise” style economic theory surfaced to control the controllers. Truly, these people confuse theory with human action as much as they do not understand real physics! Indeed, strings that cannot be pushed are either thrown or cast aside in the real world.

Reference today; we see where the “political will”, trumps economic theory hands down, as the dollar people remove 30 year bonds from the system. In the process, forcing rates all the lower. The next time someone reads to you reams of hard money theory; ask they why they said the same thing 30 years ago about the dollar and the US economy? But it kept right on running; proving them repeatedly wrong? Now, for the hundredth time they say: “mise is correct, the markets cannot be faked, so a little deflation will follow this inflation!”

Baloney! The evolution of Political will is now driving the dollar into an end time hyper inflation from where we will not return. That is our call. Bet your wealth on the other theorist’s call if you want more of Their last 30 years of hard money success.

More is to come!

Are you worried about South America? Don’t! We will print all the money it takes to save any and all US financial interest in that sector.

Are you worried that we will enter an Japan like economic environment with rates at zero, economic stagnation and falling real asset values? Don’t! They do not use an out going world reserve currency and we do! We will print what ever amounts needed to keep real Estate up, the Dow up and our economy purring: no matter what the value of the dollar on foreign exchange becomes. Or our eventual price inflation.

Our local economy will soar in dollar terms; no matter what our dollar is worth.

Are you worried that our 10 year bond, the new bench mark, will soar and squeeze off any recovery? Don’t! We will just remove it from use and move to the 5 year,,,,,,,, to be replaced later by the 2 year,,,,,,,, to be replaced later by the 6 month,,,,,, 1 month,,,,,, 1 week,,,,, 1 day,,,,,, then
CASH!