Flashback - Gold and Purchasing Power - Orignially Published May 11th 2006

Here is an article that I originally published May 11th 2006 when it took $725.90 in crappy ass rapidly depreciating fiat paper dollars to buy one ounce of gold.(Please forgive the tone of the original article... I was a little frustrated... I'm better now :-) Now it takes $1018.11 to buy one ounce of gold.

On May 11th 2006 the Dow closed at 11,500.73 after losing 139 points that day. Today the DOW closed at 9791.71. The DOW has continued to drop steadily while Gold has continued its upward rise. The loss on the Dow is actually much more than the numbers suggest because the reduced purchasing power of the dollar means that it takes more dollars to buy the DOW just like it takes more dollars to buy virtually everything else vs. 2006... except homes which were most American's #1 investment.

The American people are like the proverbial frog in the pot... The Central Banksters keep slowly stealing their wealth through inflation, engineered bubbles, economic consolidation, military-industrial complex fraud, banker "bailouts" etc. but not fast enough that the majority take any action to do anything about it. They just keep on watching it go slowly down the drain....

Gold and Purchasing

Originally Published May 11th 2006

You bought a house in '92, you paid 100k,
What do you think it might cost you now, in dollars of today,
For the record, the price you'd pay is greater than you might think,
Add a hundred thousand bucks, and throw in the kitchen sink

You gotta be makin' twice as much, to see just half the gain,
Don't forget, now, to figure in, that hidden part of this game,
Not to worry, if you can earn more and more from here,
Enough to balance out the cost, inflation takes each year

300 now, from 200 then, what might it be tomorrow,
Purchase power goes down the drain,
No wonder we all got to borrow,
Purchase power, purchase power, losing more each day,
A little bit here, a little more there,
Inflation steals it away

Nobody ever wants to see, their money disappear,
Losing purchase power, is something we all should fear,
History has a lesson, that's gonna be learned again,
Inflation steals you blind, while gold becomes your friend

It's not the metal that's goin' up, it's the dollar goin' down,
Printing presses print away, but no store of value's found,
Over the years, as paper fails, as it will always do,
Gold endures the test of time, pure wealth, tried and true

Got Gold? I have been warning the visitors to this site (and everyone that I know) for over a year that they better get some gold...

The 1st time I posted on gold was on January 24th, 2005 when gold was trading at ~$427

http://involuntaryservant.blogspot.com/2005/01/interesting-quote-on-gold-from.html

Did you listen?

The 2nd time that I posted on Gold was on March 4th 2005 when gold was trading at ~ $434

http://involuntaryservant.blogspot.com/2005/03/western-banks-rigged-gold-market-study.html

Did you listen?

The 3rd time that I posted on Gold was on Sept. 14th, 2005 when Gold was trading at ~$450

http://involuntaryservant.blogspot.com/2005/09/barbarous-relic-its-not-what-you-think.html

Did you listen?

The 4th time I posted on Gold was on Nov. 14th when Gold was trading at ~ $469

http://involuntaryservant.blogspot.com/2005/11/federal-reserve-discontinues.html

Did you listen?

The 5th time I posted on Gold was on February 1st when Gold was trading at ~$565

http://involuntaryservant.blogspot.com/2006/02/go-gata-and-start-hoarding.html

Did you listen?

The 6th time I posted on Gold was Feb. 9th, 06 when Gold was trading at ~$560

http://involuntaryservant.blogspot.com/2006/02/open-letter-to-bill-murphy-of-gata-for.html

Did you listen?

The 7th time I posted on Gold was on Feb. 25th when Gold was trading at ~$554

http://involuntaryservant.blogspot.com/2006/02/gold-and-silver-is-going-to-moon.html

Did you listen?

The 8th time I posted on Gold was on March 6th, 06 when Gold was trading at ~$565

http://involuntaryservant.blogspot.com/2006/03/us-government-weeks-from-defaulting-on.html

Did you listen?

Today Gold hit $725.90 (which actually means that the purchasing power of the crappy ass US Dollar dropped even further to where it now takes $725.90 to buy a single ounce of Gold).

Thanks for stopping by the site!

Etienne

PS The reason your money is going down the drain is the Federal Reserve is a private criminal organization that lobbied/bribed Congress in 1913 to give it an unconstituional monopoly over the issuance of money and credit in the US. They have used this monopoly to personally enrich themselves at your expense to the tune of TRILLIONS of dollars over the years the proceeds of which they have used to buy outright 99% of the politicians, think tanks, foundations, and MainStreamMedia to ensure that none of them ever tell you about it.

Since they have now looted essentially all the value out of the country and because the Internet is starting to open peoples eyes to what has been going on they are going to crash the dollar so you won't have any resources to do anything about it. They are going to chew up the army in Iraq so they can't protect us when the truch comes out and they are setting up a police state and surveillance society to control us like the slaves we have become when the whole thing comes crashing down. When it happens remember where you heard it first.

You can go back to watching Tell-a-Vision now... I think American Idol is on...