"dark days ahead" .... agreed... now just for the record, here is proof positive that the heads of guvmint DO care about gold...& they care very deeply....actually, they're scared to death that people will discover gold in a big way as an alternative to fiat funny money....but just don't talk about it & certainly don't let the President of the United States talk about gold....this snippet is revealing...
For the Great Communicator, presidency was about big dreams By Robert Novak, Chicago Sun-Times
WASHINGTON -- "Ronald Reagan was the only big-time office-holder I covered who entered public life as a dreamer and never changed. He achieved an extraordinary number of those dreams. But he never stopped thinking about those visions that, as a practical politician, he conceded could not be realized.
In 1986 at the height of the Iran-Contra scandal, I was President Reagan's guest at lunch in the White House. Near its end, I asked him if he ever regretted not pressing for a gold standard. ''Oh, yes,'' he said. ''That would really have stabilized the economy, but --" ''Mr. President!'' his chief of staff, Donald Regan, interrupted sharply. ''Oh,'' said the president, with his characteristic shake of the head and half-smile, ''Don doesn't like me to talk about the gold standard.''
Don Regan, a lion of Wall Street before coming to Washington, was no dreamer. But Ronald Reagan was -- with practical limitations. He never stopped dreaming about the gold standard, but was practical enough to realize it was one bridge too far. He had fulfilled dreams that practical men like Don Regan thought unachievable: sharply reduced tax rates that revived the U.S. economy and victory in the Cold War, with the Soviet Union gone."
wanniski.com |