One of the facets of capitalism is to chase the lowest variable input cost, which, in the lion's share of the cases, is usually labor costs. The downside to this strategy is the increase productive capacity, which bites them in the butt. We've seen this in a great many manufacturing enterprises.
I have a family member in diamond and carbide tooling. He has told me that slowly industry is migrating back to the US. If taxes and regulations were eased it would bode well for a general resurgence.
Yeah.. that's why they instituted the Coinage Act of 1792.
You, too, don't know your butt from third base.
Geopolitical events play a role as well. With Putin kicking butt and Obama doing what he can to put American soldiers in harm's way in hopes that he can get the flag fired upon (a tactic we can trace all the way back to Lincoln and his lies surrounding events at Fort Sumter), uninvited by the legitimate government of Syria, there's no telling what could happen and how that might impact metals and their producers.
Of course, dead folks have no need for radioactive gold or silver and the desire of the living will be muted by events.
Nothing happens in a vacuum and one must take the situation as a whole and not conveniently cherry pick isolated items. If we're going to allow that then we must also allow that since the introduction of fiat everything financially related to it has also been a fraud.... because "Fraud vitiates every transaction and all contracts. Indeed, the principle is often stated, in broad and sweeping language, that fraud destroys the validity of everything into which it enters, and that it vitiates the most solemn contracts, documents, and even judgments." ~ 37 Am Jur 2d at section 8
You're absolutely right. The National Firearms Act of 1934 was an egregious abridgement, i.e., a gross infringement, on the rights of Americans.
But once they broke the ice (and there was no rebellion) they felt as though they could steadily infringe.
Since the Constitution specifically intended not to provide for a standing army, it is the people themselves that are to be the Home Guard. That said, they should have as such weaponry and of the capability of any standing army. Standing armies always portend the use by tyrants and American history bears that out.
When a country is invaded, the militia are ready to appear in its defense; they march into the field with that fortitude which a consciousness of the justice of their cause inspires; they do not jeopardize their lives for a master who considers them only as the instruments of his ambition, and whom they regard only as the daily dispenser of the scanty pittance of bread and water. No, they fight for their houses, their lands, for their wives, their children, for all who claim the tenderest names, and are held dearest in their hearts, they fight …for their liberty, and for themselves, and for their God…” ~ John Hancock
Hog wash. How can something we haven't had in over 70 years be the cause of the GFC? What the hell is your game? You obviously don't know your butt from third base. I'm on the verge of tuning you out. You spew far too much mind manure.
Laissez faire would be my choice. Many have lost sight of the fact that a great deal under the thumb of the federals lacks constitutionally delegated authority, which, under legitimate circumstances, would invoke protections of the 9th and 10th amendments.
Of course, I fully expect that some will put forth the canards of the Commerce Clause and the General Welfare Clause, the former used to great elastic purposes while the second is only part of the statement of purpose in the preamble. Both, though, have been used in manifold ways to damage the republic.
I find no such delegation of authority for "management of the economy" and the hucksters that promoted the Constitution did so by saying specifically that federal powers were few and enumerated.
The antifederalists, on the other hand, have been proven to be presciently correct.
Things are seldom what they are made out to be in the media; they construct a largely false paradigm with just enough credibility to make it marketable and the people suck it up like so much free ice cream. It's just like government statistics.
One would think it's 1984.
Fraud is no conspiracy. Fraud is a crime When you speak in terms of fraud money, which affords easily accomplished debasement and theft by inflation, you are in essence aiding and abetting criminal activity on a vast scale.
Obviously we are encircled by those that endorse the tried and failed Keynesian economics. I feel as though I can make that statement because that was the schooling that was foisted on me and it is still that which is favored by the Bolsheviks in government then, now and in this forum.
Having re-educated myself through reading extensively the works of Locke, Rothbard, Mises and Hayek, just to name a few, I now understand the treacherous nature of interventionism, whether militarily or economically. It is only the errand of fools, miscreants, the slow-witted or those that seek to profiteer by gaming a wayward, one based largely on fraud, system. They are in great supply, which, of course, demeans the term "common sense". We have a great deal of that here that must be waded through. But those that endorse manipulation of literally everything by ersatz know-it-alls when the market works so much more effectively should give rise to considerable doubt.
I hope that the quieter ones, those apparently fearful of entering the fray, are at least learning something from the discussion. I hope, too, that they also take into consideration the unusual attendance of the interventionists on a stock message board for an outfit such as SLW. Their incongruous outlook and epistemology seems misplaced in my opinion and it begs the question as to why they are even here. I say that because our maximum profitability is predicated on the failure of that which they promote.
When the measurement system is constantly being massaged to change the outcome it loses credibility. Many as well as myself prefer the same "unadjustable" yardstick of the 1960s. That which is being measured hasn't changed, only the way it is being measured. That is why the statistics you cite have no relationship to reality only propaganda value.Qui bono?
The reason that financiers do not want to return to the gold standard is simple. It will greatly reduce their plunder machine possibilities. The ability to create money from nothing is fraud. Fraud not only is criminal, but it vitiates all that it comes in contact with once it is recognized. Currently the fraud is deemed to be business as usual.
The Federal Reserve was the cause of the Depression. They were screwing around with the money supply and the cost of credit.
Even Bernanke said as much.