There Will Always Be Someone Who Will Want To Buy Your Gold

And if you don’t think that this monetization of debt is an economic horror, I will note that 1) this means that you have never uttered such nonsense around The Mogambo or you would still be carrying scars to remind you of your folly, and 2) this kind of monetary crap does not appear anywhere, in any book on economics, except as an illustration of how an economy was horrifically destroyed by its government acting like idiots and debasing the currency, which set off a war, or revolution, or something. Never anything good. But foreigners slurped up another huge $15 billion load of government and agency debt last week, so we still have "selling ourselves to foreigners" going for us, purely as a stopgap scheme, you understand; we are assured that a blessed miracle will appear shortly. One never has appeared before, but this time, they say, it will, for some reason that they can't say. Right. I personally don't think a miracle will happen, because, I mean, it's not like any of this is new or anything! This is the same government malfeasance and stupidity that is the bane of the entire history of mankind! All governments want to spend more and more money all the time! And when they do, it is disastrous! And that is why I say buy gold! http://www.kitco.com/ind/Daughty/mar142007.html

Note: http://www.kitco.com/in...