A cautionary note about gold: FDR banned the private ownership of gold and it could happen again. You may not want to put all your eggs in that basket. From Bill Bonner at bonnerandpartners:
Maria’s Note: Maria Bonaventura here, managing editor of the Diary. Bill is on his way back to America to spend Thanksgiving with his family. So today, we share a story every Diary reader should know about how the feds first opened the floodgates of money-printing…
Today, we woke up with a disagreeable headache… and a depressing hypothesis:
The Supreme Court has been derelict in its duty for the last 80 years. For years, the Court has looked the other way as the feds robbed one class of citizen (ordinary, working people) and rewarded another (the elite).
As a result, the American empire faces a catastrophic money crisis… probably accompanied by internal schisms, social breakdowns, and dangerous political scuffles.
Let’s begin by looking again at the connection between time and money.
