Theo Spark

Following a well-established path, our Gooberment (last May) had no reservations about 'confiscating' [looting] Federal retirement cash accounts once it officially ran out of money (busted the debt limit).

NO SURPRISE to think that when push comes to shove, they'll confiscate the monies already paid (under legal duress) into Social Security from a lot of the Boomers.
- What recourse to the Boomers have? Nada, zip, zilch, bupkis. Whadda ya gonna DO? Sue the Gov't to get your money back?

No, it's clear that when these stoopid schemes blow up, the only ones who get screwed in the end are NOT the ones who (a) came UP with the idea, or (b) foisted the idea on John Q. Public, (c) are taking any 'blame' for the foolishness, BUT RATHER the mugs, suckers, victims [read: voters].

Something like this WILL happen. My guess is sometime AFTER the 2012 elections, say 2013?

Once upon a time, in a land that no longer exists, if you had a paper $50 bill and a Gold (1oz) $50 coin, they were worth the same. You could 'trade' them one for the other all day, every day.

Today, if you have a paper $50 bill, you have a $50 bill...albeit with greatly diminished purchasing power. On the other hand, if you have a 1oz Gold coin, it's worth roughly 1500-1600 paper $ Dollars.

It's not that the value of Gold or Silver is increasing, it actually remains fairly constant, but rather that the purchasing power (value) of a paper $ Dollar (Federal Reserve Note) is sinking so that it takes increasing quantities of paper notes to buy the same value. This is INFLATION, and also why Central Bankers lie to you about it.

This is also why the gas station owner in Oregon is accepting coin silver (90% silver) for gasoline...just look at what the 'old' pre-1964 silver coins are worth.