You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #38: Here's THE Best Reason for Buying Gold: Lack of Institutional Integrity [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Topic Forums » Economy Donate to DU
Yavin4 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-09-11 12:59 PM
Response to Original message
38. Here's THE Best Reason for Buying Gold: Lack of Institutional Integrity
Societies are built around and depend upon institutions, the government, the banks, the media, colleges and universities, civic organizations, and yes, religious institutions as well. In order for these institutions to properly serve the public, they have to be run by people with the utmost integrity.

Today, we have the polar opposite. Institutional leaders only care about enriching themselves and their small cabal of associates. They don't give a good damn if your 401K tanks, if you lose your home, if you lose your job, or if you don't have health care. They only care about themselves and how to enrich themselves even further.

The hyper greed system that they've created is unsustainable. When hedge fund managers and some bankers make billions of dollars a year even though there's 9% unemployment and no new creation of industries nor technological innovation, then you know that they're doing it by pure manipulation of dollar based assets. They're debasing your savings, your retirement funds, and your jar full of pennies to enrich themselves at your expense.

Your only protection is in precious metals, gold and silver. Gold and silver are the only things that can survive the years of economic turmoil ahead.
Printer Friendly | Permalink | Reply | Top

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC