Welcome To The Kimber Resources HUB On AGORACOM

Creating value through Exploration and Development in the Sierra Madre of Mexico

Free
Message: Slow Erosion of the Dollar

Slow Erosion of the Dollar

posted on May 30, 2008 07:06AM
Have you ever tried to bail out a boat? When I was a Peace Corps volunteer, many years ago I went fishing regularly, not for fun, but for food, and my host family had a boat that we routinely had to bail out. There was a leak in the bottom that would fill the boat in a few hours if someone wasn't bailing. That leak had been slowly building for probably 20 plus years. The funny thing is that after awhile, I just got used to the routine, two guys are fishing all the time and one guy has to stop and bail every once in awhile. That was just the way it was. It was a way of life, and it never occurred to anyone to maybe just get the leak fixed so the bailing could be stopped and more time dedicated to fishing. Because the bailing had been going on so long, it was no longer considered a nuisance to the person who had to do it. It was just part of fishing. As a leak like this gets bigger, which can progress over many years, the job of the bailer take on more prominence. But it happens slowly, so nobody really notices. Eventually, one person is bailing the entire trip and not fishing at all. On a stormy day, two people will have to do the bailing. The weather calms down the next week, so the job goes back to one man and the whole crew breathes a sigh of relief because, only one fisherman is being used up in bailing when the week before it took two. Meanwhile the problem continues to get worse, slowly but surely. Sooner or later, something happens and the boat starts really leaking. It's starts leaking to such an extent that fishing can no longer take place, because there is so much bailing going on. Guess what happens next. We row the boat back to the island, park it on shore and let it rot and sit around an smoke cigarettes and complain about why the government isn't sending us a new boat sooner. No one is alive or around on the island anymore who knows how to fix a boat, and it's easier to let someone else go fish or apply for government aid, which by the way, in this place comes from the US Government. TWO POINTS: One is that systems of function erode slowly. If lung cancer killed people in a week, nobody would smoke. Two is that as systems erode more slowly, people forget that it took work to put systems in place when they began. We are in the midst of a leaking boat right now, it's called the failing dollar system and the way to fix it is with a gold backed currency. All the elders on our island that understand this are either dead or considered too old to be of use to the younger smarter lazier members of the island. So people will go hungry for awhile and keep complaining, but eventually they will want to start eating fish again. And gold and silver are going to be the only things that pay for it. James Dines in his recent interview, cut Eric King off mid-sentence to talk about precious metals, saying essentially. "The industrial uses don't matter! Precious metals have value because they are nearly indestructible!" He had pointed out in his letter many times. They are monetary assets, not just commodities as most in the press mistakenly assume. The public's mindset has shifted so far away from this truth in the way that these things are valued that it is bordering on insanity. Meanwhile they keep bailing, bailing, bailing. Bull
Share
New Message
Please login to post a reply