$2 Bill National Parks Scam!

The "New England Mint" as well as other questionable collector's item sellers are rolling out a new scam to separate the gullible from their money. They're taking one of the new $2 National Parks comemorative bills, colorizing it, and including a cheap frame for $10 + $5.95 P&H. Now it's bad enough they're charging poor fools $16 for a defaced $2 bill, but unfortunately the bad news doesn't stop there. The BBB (Better Business Bureau) has rated the New England Mint as an "F' due to scores of unresolved consumer complaints. The customer gripes range from a deceptive website that doesn't give you a final cost until the order has been submitted, to fraudulent charges levied on credit cards for products not ordered by the customer. Ripoff victims buying New England Mint products have also reported being repeatedly called and subjected to high pressure sales tactics. To make matters even worse, Customer Service has been described as rude, lying, and unscrupulous.

Avoid buying this faux collectible for the reasons already mentioned above, but mostly because it's a crappy investment that will NEVER APPRECIATE IN VALUE!

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):

Rick

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Hyperinflation Can't Happen in the USA...right?

Hungarian Street Sweeper Cleaning up Discarded Paper Money - 1946

Many Americans when they think about hyperinflation (inflation of more than 50% per month), invariably see it as a foreign problem that could never happen in the USA. History, of course, contradicts this false assumption with very real examples of hyperinflation that occurred right here during the American Revolutionary War and in the Southern Confederacy during the American Civil War. Indeed, history further tells us that anytime a nation introduces unbacked paper "fiat" currency inflation, hyperinflation, and complete economic collapse is only a matter of time. Other examples of hyperinflation from around the world and time include Ancient Rome (when they lowered the silver content in their coins), China (the first country to introduce paper money), Russia, Hungary, Weimar Germany, Iceland, Argentina, and Zimbabwe to name a few.

The root of the next faulty conceit I've encountered is the belief that "Big Brother" or the government will somehow prevent the worst from happening and pass some laws to protect US citizens and our wealth. Certainly, it seems the US government is doing nothing nowadays to disabuse any citizen of this childlike trust and dependency. More and more we're being seduced by governmental promises that assure us that medical care, retirement, health, food and housing costs will be taken care of by our good 'ole Uncle Sam if worse ever comes to worse. If we make a mistake by buying a house we can't afford or invest stupidly (Madoff scam), the government will rush to our rescue and have our back. Finally, the blind belief in the power of the government to "make it all better" extends to the terrible threat of hyperinflation.

A typical governmental reaction to fast rising prices in hyperinflation is to implement wage and price controls. Nixon did as much in the early 70's to control inflation with dismal results. The basic theory behind the pricing controls is that the government can stop rising prices in a market economy merely by mandate. Of course, as always theory never works as well in practice. History tells us that if the price controls are not rigidly enforced with real penalties they are soon ignored by both seller and consumer. However, when the laws are rigidly policed, product scarcity quickly results and thriving black markets are created. Scarcity of commodities results as sellers become reluctant to sell their products at the low governmental prices as they would lose money in the transaction. Factories often curtail production or close down altogether rather than manufacture and sell their items at a loss. Black markets and even worse price gouging then begins to thrive as a means to fill the gaping demand for goods created by the ill-considered governmental attempts to control the free market.

In the final analysis we see that the US with its busy money printing presses and skyrocketing multi-trillion dollar debt can and quite possibly will experience hyperinflation within the next few years. Further, if and when that economic catastrophe befalls us the average American will NOT be able to rely upon their Uncle Sam to ride to their rescue and feed their families with laws and dictates.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.

Rick

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Chicken Little Hates Gold & Silver!

A recent article in Fortune entitled Don't Believe the Rosy Forecasts confidently predicts the popping of the "alleged" gold and silver bubble. See the following excerpt:

"From 1983 to 2004, gold prices averaged around $400 an ounce. Today, the price for an ounce stands at $1390, or 3.5 times its historic average. The rub is that the production cost of gold is still in the $400 range. It's a combination of speculative demand and a temporary shortage of supply because of the long lags in mining the yellow metal that accounts for the surge. The spread of gold ATMs and ads luring people to sell their jewelry are sure signs of a bubble. Look for gold prices to drop sharply, and silver, copper and other metals to follow."

I've been reading articles like this daily for the last two years that have conveyed much the same Chicken Little "the sky is falling" advice. Luckily, I've paid the advice no mind and my portfolio is up 79% this year! If silver and gold are truly in a peaking bubble then all of our investor friends and family should have precious metal stakes, right? Do me a favor, go ahead and conduct your own informal survey. You'll find that 98%-99% of your investment buddies own zero gold and silver, especially the real physical bullion.

What many writers and talking heads fail to realize is that we are in a totally different investment paradigm now. The old tried and true methodologies that were based on a strong dollar and sound economic policies have been scrapped in favor of the money printing press and multi-trillion dollar deficits. The US dollar is headed for the trash heap of history and the very real possibility of hyperinflation is now no more than two years in our future.

I'll take precious metals like gold and silver that have been valued by all human societies for over 5000 years over your green paper funny money any day of the week!

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.

Rick

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Paper Money Slaves

Since the US government dumped the gold standard in 1933 and the silver standard in 1964, it has consistently colluded with big banking interests to contain the prices of these two precious metals. Why?

Well, one easy answer is that high silver and gold prices in dollars makes the US dollar look anemic and highlights economic weakness. Higher interest rates usually follow as well, and when you owe the trillions the US owes that's just plain bad news.

However, I think the real reason the US has promoted fiat paper money over the better part of a century is due to a more sinister reason. The banking cartels and the super wealthy who are the puppet-masters behind our alleged democracy like the fiat money system for the power, wealth, and control it affords them. Gold and silver gives any citizenry economic and therefore ultimate political independence as these metals have been used in commerce for over 5000 years all around the world. They can't be easily created on demand merely by the command of the Powers-That-Be as paper money can and does. When a man owns gold and silver coins he isn't dependent on any government or economic regime for his life and well-being. If he doesn't like the men governing him he can throw them out or move elsewhere, knowing his fortune will be intact. Unfortunately, paper money is printed and "backed" only by the issuing governmental body. History is littered with examples of worthless paper money and impoverished inhabitants following a political collapse or revolution.

Today, 99% of all US citizens have the majority of their assets in paper dollar denominated funds. In addition, they have come to depend upon the promise of governmental programs like Social Security and Medicare for their old age retirement. New health legislation has introduced the specter of a future in which no government health card would mean no healthcare. Of course, welfare and food stamp programs continue to grow without pause.

I believe that our fiat money system, together with the bewilderingly wide variety of government sponsored entitlement programs, have carefully created an entire slave caste in our country that's growing steadily. These slaves are now so hooked into the "Matrix" that even the mere thought of rebellion is terrifying to them. Any future US government will be able to treat it's "dependents" in any way it sees fit with no fear of retaliation. After all, why would any sane person rebel if it meant starvation, utter impoverishment, sickness, and death for himself and his loved ones?

So how can a freedom-minded patriot help to insure his liberty now and in the foreseeable future? Buy gold and silver. These precious metals have always existed outside the total control of any political regime, including the US government, and will insure the USA will always own one less slave!

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):

Rick

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Don't Buy Real Estate for Hyperinflation!

50 Million Mark Note

Some people think their property ownership will get them through a hyperinflationary period. Apart from the value of food grown in the backyard garden, these homeowners couldn't be more wrong! Check out the table below which details how the value of real estate plummeted during the Weimar Hyperinflation 1922-1923 in Germany, while the prices for food and clothing soared.

Housing/Rents as a Percentage of Household spending

WEIMAR - Living Costs, Family of Four

Weekly Cost : Total in Marks : - - - - Percentages - - - -
========== . . . . . . . . . . . : Food / Housing / Clothing
1914 (prewar) : ............ 21.5 : 46.5%/. 25.6% / .. 27.9%
January 1920 : .............. 164 : 52.4%/. 04.9% / .. 42.7%
January 1921 : .............. 218 : 63.8%/. 04.1% / .. 32.1%
January 1922 : .............. 396 : 64.8%/. 02.8% / .. 32.3%
July...... 1922 : ............ 1232 : 56.8%/. 01.1% / .. 42.0%
January 1923 : .......... 25,123 : 52.1%/. 01.2% / .. 46.7%
July...... 1923 : ........ 654,608 : 59.8%/. 00.4% / .. 39.8%
Nov. ..... 1923 : ... 14.408 Bn. : 64.9%/ 00.26% / .. 34.8%

source: Hyperinflation handout

Here it is : 0.26%, in Nov.1923, down from 25.6% in 1914.
That's 1/100th of its original percentage - an enormous collapse !!

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.

Rick

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Life in Hell: German Weimar Hyperinflation

From 1922-1923 the German people suffered under the torture of hyperinflation. The snippets below help the reader to begin to understand the hell the average German citizen experienced:

• In September 1922, a loaf of bread cost 163 marks. One year later in September of 1923, this figure had reached 1,500,000 marks. A few months later at the peak of hyperinflation, November 1923, a loaf of bread eventually cost an inconceivable 200,000,000,000 marks!

• People were paid by the hour and rushed to pass money to loved ones who hurriedly bought whatever they could before the paper notes lost their purchasing power.

• People had to shop with wheel barrows full of money.

• Bartering became common - exchanging something for something else but not accepting money for it. Bartering had been common in Medieval times!

• Pensioners on fixed incomes suffered and starved.

• Restaurants did not print menus as by the time food arrived…the price had gone up!

• The poor became even poorer, and by the winter of 1923 meant many lived in freezing conditions, burning their meager furniture for heat.

• The very rich suffered least because they had sufficient contacts to get food, etc. Most of the very rich were land owners and could produce food on their own estates.

The group that suffered the most - proportional to their income - was the middle class. Their hard-earned savings disappeared overnight. They did not have the wealth or land to fall back on as the rich had. Many middle class families had to sell family heirlooms to survive. It is not surprising that many of those middle class who suffered in 1923, were later to turn to Hitler and the Nazi Party.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):

Rick

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Put Real Silver in your IRA!

Yes, you can buy real silver money with your IRA funds! I did it, and you can find the basic steps I followed below:

• Select a precious metals dealer like APMEX or Gainesville Coins.
• Contact CamaPlan.com and complete a Buy Direction Letter.
• Submit the Buy Direction Letter to your CamaPlan office.

Your CamaPlan representative will make the buy based on your instructions using your IRA funds. I bought American Silver Eagle Monster boxes, but you can buy other silver bullion if you choose. Unfortunately, you cannot buy "junk silver" (pre-1965 dimes, quarters, halves) with your IRA money.
Lastly, you'll have to select a bank that will store your precious silver investment. You basically have two banks to choose from with CamaPlan. I chose First State Depository in DE., over a New York City bank. My main reasons being Delaware is closer to where I live, and I don't see the tiny state of Delaware being on any terrorist's nuke map.
Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies:

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!

Canadian Penny to Die?

The Bank of Canada says the copper-plated coin has lost 95 per cent of its purchasing power since 1908, when it was first produced in Canada.
It now costs more to produce the penny — about 1.5 cents each — than the coin’s actual face value.

The Royal Canadian Mint has been forced to sharply increase production of the penny in recent years as more and more Canadians hoard, rather than use the copper.

Finance Minister Jim Flaherty has mused in the past about doing away with the penny and his department has reportedly been studying the penny-free economies in Australia and New Zealand.
The Bank of Canada has also studied the potential inflationary impact of eliminating the penny and has concluded it would be negligible.

“On some transactions, the merchant loses and the consumer wins; on some, the merchant wins and the consumer loses,” Pierre Duguay, the bank’s deputy governor, told the Senate finance committee last spring.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!

Has the Evil Empire, JP Morgan, Fallen?

JP Morgan, alias the Dark Side, seemingly has been beaten by the Jedis led by Max Keiser, fighting for a manipulation-free silver market. Mr. Keiser's campaign to bankrupt JP Morgan by prompting investors to buy at least one ounce of physical silver has been gaining steam steadily. JP Morgan has been widely believed to hold a large naked short position in silver, that has in the past acted to depress the market price of the precious metal.

Some commentators have ridiculed the belief that JP Morgan has been largely responsible for a long term, sophisticated scheme to manipulate the prices in the silver market netting billions in profits. At any rate, the bank's outsize role in the commodity was definitely controversial, and it seems the bank has caved. It has told the Financial Times that it has meaningfully reduced its role in the market, and that its new position was "materially" smaller, though whether that position is net-short or neutral is unclear. The bank says the decision was purely the result of it wanting to reduce controversy, though skeptics would obviously note that if it were short the metal, then the fact that silver continues to gravitate towards $30/oz would make for a good time to get off that train.

For my money I think we're just at the end of the first Star Wars movie. The Death Star is blown to smithereens, but the Empire can still Strike Back! After all, the evil emperor, Bernanke, is still safe and sound and plotting his evil plots!

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.

Rick

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Fewer Homes Underwater...Isn't Eviction GREAT?

The number of U.S. homes worth less than the debt owed on them dropped in the third quarter, largely because of mounting foreclosures rather than a rise in property values, according to CoreLogic Inc.

About 10.8 million homes, or 22.5 percent of those with mortgages, were “underwater” as of Sept. 30, the Santa Ana, California-based real estate information company said in a report today. That was down from 11 million, or 23 percent, at the end of June, the third straight quarterly decline.

Falling property values and unemployment near 10 percent have spurred a surge in foreclosures. The number of homes offered in foreclosure auctions averaged 110,000 a month in the third quarter compared with about 98,000 in the same period a year earlier, said Mark Fleming, CoreLogic’s chief economist.

“There are two ways to reduce negative equity,” Fleming said in a telephone interview today. “Price appreciation or disposition, which means people getting taken out of their homes. At the moment, there’s more disposition.”

I wonder if the people evicted from their homes in foreclosure prefer the term "disposition" rather than "evicted" or "kicked out"? I wonder if the winter cold is any less biting to the newly homeless if the eviction blow is softened with a nice banking euphemism? My guess is an emphatic "NO" to the last two questions. However, I'll bet the sanitized language at least help the bankers sleep easier in their warm and cozy beds.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.

Rick

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Silver Funny Money vs. Silver Dollars!

In 1963 the United States printed the last Silver Certificates as the government began leaving the silver monetary standard behind. These paper dollars differed from Federal Reserve Notes (FRN's), also in circulation at the time, in that they could be exchanged at a Federal bank for an actual silver dollar in coin. The certificates were freely exchangeable for the coin silver until June 24, 1968, when they reverted to the unbacked fiat status of their step brothers the FRN.

Anyone who had $1000 in Silver Certificates and kept them could sell them today at a small collector's premium for a total around $1500. However, a wiser investor would have exchanged the green paper for silver dollars before the June 1968 deadline. Indeed, the holder of 1000 silver dollars now could sell those pieces of "real money" for a minimum of $23 a piece today, for a total net worth of $23,000!

The lesson is simple. If you have a choice of paper promises of the US government or cold, shiny silver, take the silver coin and run!
Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!

Rising Cost of Restaurant Meals!

The year was 1943. The Second World War was raging in the Pacific and Europe and the Zoot Suit Riots were pitting soldiers against Latinos in Los Angeles. The atom bomb was still on the drawing board and it was 5 years before the first McDonald's opened. You could grab a hamburger from a good restaurant for 40 cents and get some curly fries for another 20. A Coke? That will cost you another dime, mac. For a little more than a dollar you could substitute a steak for the hamburger and exchange the coke for a milkshake concocted with real milk and real ice cream.

Inflation

When reading old menus the first thing that stands out naturally are the prices. If you could still order off a six and a half decade old menu, there wouldn't be a hungry person in America today, and if you're still challenged by the concept of inflation, one look at the menu will clarify your mind. The average price of 10 staple casual dining restaurant items were $0.47 in 1943 compared to $6.10 today. That's a stunning 1,302% inflation or 4.05% per year. For example, back in 1943 you could treat three of your buddies to steak sandwiches, fries and a large coke and pick up a $4.00 tab. Today, that act of generosity would cost you over $54. Other wallet busters included hot fudge sundaes for 35 cents and a stack of pancakes for 30 cents. A Root beer float or freshly squeezed lemonade would set you back another 20 cents.

Sales Taxes

In California the sales tax was 3 percent. That's a far cry from the current 9.75% rate in Los Angeles County. This is not a misprint; in nominal dollars, the sales taxes on that burger went up a stunning 5,464% and somehow the local and state governments managed to have balanced budgets. For those of you history buffs, West Virginia was the first state to enact a sales tax in 1921 and California didn't have a sales tax until 1935. I would have paid 12 cents in taxes for treating my three buddies to a steak meal. Today, the state charges diners $5.40 for the privilege. I guess that's why good friends are harder to find nowadays!

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.

Rick

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How eBay Helps Junk Silver Coins Live!

In the "Big Silver Melt" of 1980, millions of dollars (face value) of junk silver coins (pre-1965 US dimes, quarters, halves) fell victim to refinery cauldrons. Many silver coin collectors and hoarders today lament the wholesale destruction of these US coins that represented the last physical manifestation of "real money" in this country.

A question that is commonly asked today on internet boards is why the coins were melted at all? Why didn't junk silver sellers find buyers who would've held onto the coins rather than toss them into the refinery cauldrons? To find the answer, we have to return to the turbulent days of 1980 as silver prices rose rapidly to peak at $50.

Coin dealers of the era relate vivid stories of long lines outside their shops with eager sellers looking to convert their old silver coins, jewelry, and silverware into fast cash. Many large stores had armed guards who'd only let a few customers in at a time to sell their goods. Multiple coin counting machines were constantly clanging nonstop as they busied about their task. However, as silver reached $50 US on the Wall Street trading floor, customers weren't offered more than the equivalent of $30 an ounce for their silver dollars and other coins. The reason being that the refineries, who were the dominant silver buyers at the time, weren't willing to pay more than this lower price due to the large inventory backlogs that afflicted them. For the part of the coin dealers, the necessity of cash flow and a fear of being caught with too much inventory in a volatile market, compelled them to take their profits each night. It was just too risky to hold onto the Morgan silver dollars, Walking Liberty halves, and Mercury and Barber dimes for too long waiting for willing buyers of these rare and beautiful coins.

As the price of silver skyrockets today, many wonder whether the surviving junk silver coins are destined to die by fire as their relatives did three decades ago. I believe this fear to be groundless due to the internet revolution which birthed sites like eBay. Today, when the average seller desires to sell his roll of Franklin halves, he doesn't automatically march to his local coin dealer. No, instead he goes online and uses sites like eBay. In a few minutes his auction is created, which in a few days will net him a buyer for his silver coins at melt pricing, and sometimes a few percent above. Other sites like Bullion Direct use a slightly different sales mechanism, but with identical seller-buyer matching results.

Due to internet technological innovations that allowed sites like eBay to proliferate and be used by the average American, the current silver price run will not feature long lines at coin shops and vats of melting silver coins. Instead, sellers will easily find willing buyers who will hold onto their new silver acquisitions as islands of security in a collapsing paper money world.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!