Its Gold Baby!

Gold. Panned for in ’49, coveted by pirates, and sold as a thin film on the worthless coins pushed on late night TV, gold still has control of our imagination. I would certainly love to have gold; about 100 pounds of the stuff would set me up just so. Yes sir, if I had 100 pounds of gold, I would sell it and take the cash.

“But why would you want U.S. dollars, when the dollar is losing value? Gold has a value all its own, dollars are only backed by trust.”

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The Myths About Money and Markets

There is a growing mythology in the United States about money and the “free market”. The GlennBecks of the world have a platform to speak, and have set about aggressively using that platform to spread bad ideas to the people that trust them. The facts about these issues are within the grasp of most Americans, so lets correct the misconceptions now.

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