"And I compare it with the government we have today. It's too bad that the US is now led by men whose chief desire is to be re-elected. I doubt if the Founding Fathers ever planned it that way. Today we need men who are ready to sacrifice their sacred honor and their wealth to run the nation. This may be the fatal flaw in Democracy. We lack men of great character. We lack men and women who will die for the honor of making this a great and better nation.
During World War II I fought with young men (hailing from all over the nation) who were ready to die for freedom and Democracy and America. Who in Congress could match these young men today?
...The market is wondering whether Dr. Bernanke is ready to open the money spigots once again. The Russell guess -- Yes, he will continue to stimulate this lagging economy.
Gold seems to be more certain. Having climbed into all-time record territory, it's backing and filling (fluctuating) in the territory above 1580. Even the gold mining shares are finally showing signs of life. GDM is higher as I write, as are GDX and GDXJ.
Recently Professor Bernanke was asked “if gold was money.” His answer was “NO.” In that answer we can capture the essence of Dr. Bernanke. In his heart, he is a Fed advocate and an advocate of fiat (Fed-created currency). On his answer alone, I would agree with Presidential candidate Dr. Ron Paul -- “Get rid of the Federal Reserve and everybody even remotely connected with it.”
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/18_Russell_-_Gold_Market_is_Saying_Bernanke_to_Print_Money.html
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