Re: Bernake, Congress speach
in response to
by
posted on
Sep 24, 2008 11:38AM
Focused on becoming a near-term Gold Producer
Actually, I beg to differ. The U.S. gov't printed their own money for 200 years, from 1776 until 1913, and backed it with gold.
It was only when a wealthy group of bankers hoodwinked the gov't over Christmas break and bypassed the Constitution that they wrested control of the monetary system.
Why should the U.S. pay interest on money to the Fed when the Fed merely fires up their printing presses to magically create more money? Nice work, if you can get it. Anyone else starts printing money and they throw you in the slammer for counterfeiting.
I just don't know why the U.S. doesn't just say, "Ya know, been thinking about, and I think we're gonna go back to the way things USED to be" and disband the Fed. But the rich and powerful want to stay that way, and they have friends in high places.
Anybody else run a multi-trillion dollar company into the ground lately, and STILL get a golden parachute?
Yes, the system is corrupt, that is why folks, ( including the rich) will flock to gold to protect their assets. Which is where we Sage shareholders could be poised for success right alongside the big fish, for once in our lives.
JMO