David Veksler


Posts by David Veksler

adjusted-monetary-base

Holy worthless paper, batman!

adjusted-monetary-base
Full report. From: The New Clarion.

Warning regarding the economy

I just sent my family the following email:

Hi folks,

If you’ve been following the news, you may have heard that:

  • The Federal Reserve just cut the overnight loan rate to .25 percent.  Gold prices immediately jumped to $847/oz.  (Last week, I bought gold at $775).  We haven’t seen rates this low for over 50 years.
  • The government has given away over 8,000,000,000,000 dollars of “free” money in the last three months.
  • In the last 5 years, the dollar has lost more than half its value relative to gold.

All evidence points towards the fact that the U.S. government is rapidly devaluing your savings, and a currency collapse followed by hyperinflation like we recently saw in Iceland is all but inevitable.  If you don’t want to lose your savings and investments in the coming economic collapse, you need to take action NOW.

Here is what you should be doing:

  • Buy some gold and keep it in a safe place. I suggest http://www.kitco.com/ or eBay  – you can get a good deal on 1oz gold bars. (Buy plain gold bullion, not the “collectible” stuff.)
  • Don’t pay anything above the minimum payment on any loans or mortgages you have.
  • It’s a good time to get a new loan.  I would not suggest taking on new mortgages, as I expect housing prices to collapse further.
  • The stock market may lose up to 50% of its value in the next year.  Still, investing in the S&P 500 is a good hedge against inflation.  You can also invest in metal & mining index funds.
  • Stock up on supplies, especially durable goods.
  • Minimize your holdings of inflation-prone assets, like cash, bonds, and government securities.

When you’re done, you should have a minimum of cash and cash-like investments, and plenty of material assets you can sell or barter in an emergency.  Also, consider getting a firearm for self-defense – expect crime to rise dramatically when the economy collapses.

You’ve been warned.

Come work for Match.com and I’ll give ARI $6,000

My employer, Match.com, offers a $3,000 referral bonus for salaried employees. It also offers a 100% matching program for gifts to charitable organizations.

If anyone gets a job at match.com through me, I will use the referral bonus with the matching gifts program to give the Ayn Rand Institute $6,000.

So, if you are interested in a job in a great environment in north-central Dallas, here is the list open positions.

If you’re interested, please send me your resume with your contact info, and I’ll do the rest.  

If you get an interview, be sure to mention me, so I can put in a word for you. They offer a $1000 bonus for hourly positions – I will donate $2,000 in that case.

Feel free to let anyone else who may be interested know about my offer too.

(Certain conditions and limits apply, but I promise to contribute 100% of the “free” money I do get.)

401(k)s and IRAs to be nationalized?

When Argentina moved to nationalize pension funds, the media correctly identified it as a “grab” and people took to the streets in protest. I think Americans might just roll over, however.

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Ban on short selling hurt investors

What is the difference between the U.S. and the Russian economy? Answer: In Russia, they do not pretend to be capitalists. Seriously though, it appears that we are getting closer to nationalizing many of the broken industries that still remain in the U.S. such as automobiles, airlines, financials and who knows what else.

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