Monday, August 01, 2011

As the Drama Subsides . . .

From the headlines, it would appear all the politicians won, so that means . . . we the people have probably lost more than we already don't have! This debt ceiling deal was a production and nothing more. Our money is virtually worthless, our food prices are going up. Now we are being told cost of living didn't really edge up, so I'm guessing the social security that was saved, won't be receiving much if any in the way of COLA. Two things have caught my attention though. One is, many Middle Class democrats are more than willing to have a tax increase, so I'm guessing there will be one, and the second thing. Gold is still going up, while silver and platinum remain relatively unmoved. Oh, there are dips and spikes, but the January to end of July totals just don't figure the same for the precious metals. My guess is gold is being "sold" and manipulated in value and has replaced the stock market investments of the upper Middle Class. Unfortunately I am not real sure just how much time we have before the next gold confiscation of the US government. I've said for years that I believe there is an IOU in Ft. Knox, well, now I've got more to add. I still believe there is a great big IOU sitting there and the gold has been used to mint all those "gold companies'" coins, bouillon, and bars. Now somewhere in this new debt ceiling, I just can't help but wonder if the IOU in Ft. Knox will come due. The incredibly rich are protected with their precious tax cuts still in place, but what's left of the Middle Class is about to take the hit once again. And in all this, NO job creation. Our President has been talking job creation for how long now? Well, he's doing what he does best which is TALK. The raising of the debt ceiling hasn't secured anything, and political math makes no sense. It's turned our economy upside down. Raising the debt ceiling has placed a huge debt over our heads. We're in so deep and so far, we'll have to reach up, when the economy hits bottom.
Charge them that are rich in this world, that they be not highminded, nor trust in uncertain riches, but in the living G-d, who giveth us richly all things to enjoy; New Testament
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