Replies to post #7208 on FinancialAdvisor's College Class (FACC)

[mick]

hi FA , came over to say few. this link , i use to get their letter about 10 years a ago.

they know their stuff.

i like their gold reports.

is it o.k. to use their link at bbcmf? i always like to ask because hard work is involved doing this research.

[mick]

i learned a lot from doug in the early 80's. his thing is "get your seeds and let it ride".

he did a lot on the north west american gold and silver mines.

ONE HAS EATEN MOST OF THEM UP , SLRM. they recently bought sunshine mining for a song.

I was totally unprepared for the sophisticated tools and procedures I found in Aden Research. And it shows in the results. The Adens are proven right again and again.”
--Doug Casey, Crisis Investing

[FinancialAdvisor]

Some Richard Russell Comments on the Dollar...

"I just want to get the following off my mind, so here goes. The budget deficits are a main topic of conversation and concern these days. The deficits are blamed on the Bush tax cuts, the slow US economy, and the huge unbudgeted expenses of the Iraq war and its aftermath.

The creation of money is a total mystery to probably 99 percent of the US population, and that most definitely includes the Congress and the Senate. The takeover of US money creation by the Fed is one of the most mysterious and ominous acts in US history. The takeover occurred secretly in 1913, it was against the expressed warning written into the United States Constitution.The legality of the Federal Reserve has never been "tried" before the US Supreme Court.

To simplify, when the US government needs money, it either collects it in taxes or it issues bonds. These bonds are sold to the Fed, and the Fed, in turn, makes book entry deposits. This "debt money" created out of thin air is then made available to the US government.

But if the US government can issue Treasury bills, notes and bonds, it can also issue currency, as it did prior to the formation of the Federal Reserve. If the US issued its own money, that money could cover all its expenses, and the income tax wouldn't be needed.

So what's the objection to getting rid of the Fed and letting the US government issue its own currrency? Easy, it cuts out the bankers and it eliminates the income tax.

The original rationale for the introduction of a central bank (i.e., the Federal Reserve) came after the Panic of 1907. It was said that the US needed an "elastic currency" that could be expanded or contracted as the need arose. The only thing standing in the way of the Fed's ability to expand the currency at will was gold. The last tie of gold to the US currency was removed in 1971, when Richard Nixon "shut the gold window" (France's DeGaulle was calling in large quantities of gold)."