The Blaze chronicled an AP interview with David Stockman about a month ago and we discussed it
here. Now there is another interview published yesterday (featured on Drudge) complete with audio which you can access
here....the system is dramatically unstable. In a healthy financial system and a free capital market, if I can put it that way, you are not going to have stuff going from nowhere to @1.2 trillion and then back to a trillion practically at the drop of a hat. That is instability; that is a case of a medicated market that is essentially very dangerous and is one of the many adverse consequences and deformations that result from the central-bank dominated, corrupt monetary system that has slowly built up ever since Nixon closed the gold window, but really as I say in my book, going back to 1933 in April when Roosevelt took all the private gold. So we are in a big dead-end trap, and they are digging deeper every time you get a new maneuver.
Podcast at the link. Thoughtful and thought provoking.
I will get around to buying gold after I have built up what I believe is a reasonable and safe amount of food and ammunition. If there is any to buy after that. If our currency has any value.
I said this a while back and I think it bears repeating: I think that gold is great and all but I am betting that practical knowledge and skills will be worth as much or more than gold in a collapsed economy. I think that high value barter goods will be worth (and be more liquid) as much or more than gold when the SHTF...I'm thinking of things that have a long, long shelf life: distilled liquor, gourmet coffees...stuff like that. Real estate has and always will have value because it is real...hope I can swing another rental property or two someday. And I was never much for going off grid but I am evolving my thinking on it. Now I see it as a possible value item in and of itself.
