Haven't you answered your own question?
While p#$%$per, like gold #$%$nd silver, c#$%$n be c#$%$lled #$%$ currency. It h#$%$s no intrinsic v#$%$lue. Hell, it isn't even pretty to behold. Moreover, the met#$%$ls, even le#$%$d, represent something with v#$%$lue.The p#$%$per, #$%$nd more #$%$re recognizing this every p#$%$ssing d#$%$y, could suddenly resort to it's intrinsic v#$%$lue of zilch with liter#$%$lly no w#$%$rning simil#$%$r to events in Weim#$%$r Germ#$%$ny, but in the electronic #$%$ge the dev#$%$lu#$%$tion will come #$%$t ne#$%$r light speed.
It didn't work for FDR. Look at what happened in 1938 after the communists took over and ran up a huge (well, relatively speaking huge) debt.
And if you believe for a nano-moment that WWII spending solved the problem, then governments all around the world should be making war materials and dumping them in the middle of the Pacific to get the entire world on the right track. It is the old broken window myth revisited because the intellectual capacity of most people won't allow them to see the fallacy.
I typically view this in a macro sense. There's no way they can hold silver at this price point. Once it recovers, AG will be seen by many more to have been a screaming buy at this level.
Would you say that for AG there's blood in the streets?
I seem to recall that AG had decided to hold a portion of their production back for higher prices. If this is true, does anyone have an idea how much was withheld and whether the decision has been the catalyst for the negative outlook?
All in all, AG would seem to be screaming buy here.
Then wouldn't most carry silver instead. I don't walk around with a wallet full of c-notes for similar reasons.
Keynesian economics has failed. The world's economies, working with a bogus ideology, or perhaps a purposeful ambition to destroy the middle class, (methinks both), are building a terrible failure that will soon be apparent. The additional 2 $Trillion that the G20 countries have said they will inflate with, always to spur economic recovery, but in reality to decimate the middle class, may be the necessary catalyst.
The real sign post here is the unusual behavior of tangible asset prices given the ongoing worldwide pollution with the fiat currencies.
Yeah, those that have paper money and get their pockets picked or their purses snatched have an obvious advantage over those with gold and silver coins.... NOT.
Dixie Elixirs & Edibles—actually the line is much broader—was once a part of MJNA. There was a falling out and the onetime CEO, Tripp Keber. cut a deal and took that portion of the company. In my mind it offered to be the most profitable as legalization took wing. I hope that in the quiet water cooler conversations at MJNA plans for a similar effort are being discussed.
This is a very interesting development, a return to value for value or substance for substance transactions again. We really shouldn't be surprised, though. Islamic adherents, like Christianity and the early Hebrews, are told that usury is not something they should be involved in yet all the fiat currencies are based on it as though an evil seed has been planted and taken root.
Remember, though, this is exactly why Saddam and Muammar are pushing up opium poppies.
The other metric here is the ratchet mechanism a/k/a sticky prices. Inventory acquired at higher costs than those touted currently won't generally be sold at a loss.
That which I got to listen to was encouraging. I was pleased to hear about what seems to be the growing applicability of the KLH adjuvant which must be translating into other new customers knocking on the door.
If it does have some detrimental aspects, in comparison to alcohol, which is legal, they are miniscule.