About Me

In writing the "About Me" portion of this blog I thought about the purpose of the blog - namely, preventing the growth of Socialism & stopping the Death Of Democracy in the American Republic & returning her to the "liberty to abundance" stage of our history. One word descriptions of people's philosophies or purposes are quite often inadequate. I feel that I am "liberal" meaning that I am broad minded, independent, generous, hospitable, & magnanimous. Under these terms "liberal" is a perfectly good word that has been corrupted over the years to mean the person is a left-winger or as Mark Levin more accurately wrote in his book "Liberty & Tyranny" a "statist" - someone looking for government or state control of society. I am certainly not that & have dedicated the blog to fighting this. I believe that I find what I am when I consider whether or not I am a "conservative" & specifically when I ask what is it that I am trying to conserve? It is the libertarian principles that America was founded upon & originally followed. That is the Return To Excellence that this blog is named for & is all about.

Thursday, August 18, 2011

The Question Is Do You?

"President Obama's approval rating on the economy has plummeted 11 points since May to a new low for his presidency, according to a new Gallup survey.

"Just 26 percent of Americans now think Obama is doing a good job handling the economy, down from 37 percent in mid-May – a sharp decline from the past 18 months when the number had hovered between 35-39 percent.

"The poll, which was conducted Aug. 11-14, found 71 percent disapprove of the president's handling of the economy, a new high. The margin of error is plus or minus 4 percentage points.

"The figures underscore the challenges facing Obama following a bruising political battle over the debt ceiling, first downgrade of the U.S. credit rating, wild swings on Wall Street and persistent unemployment above 9 percent."

The above is from a Washington Times front page story on Wednesday that portrays some of the reasons A through Y why BO should not be reelected – the question of course is how much does any of these disapproval statistics mean to an electorate who is becoming more & more government dependent every day – dependents who look to the mindless "let the wealthy pay" call to arms class(less) warfare as the only relief from their grief & anxiety for their statist lot in life they have accepted.
In line with all of the above listed economic disasters is the 40 year anniversary this past Monday of Nixon taking America off the gold standard on August 15, 1971. In one of those "do you remember where you were moments" I was on vacation in Ocean City, Maryland & will never forget that moment or date.  Forty years later I dread it more than ever.
Since Nixon's Executive Order in 1971 the per ounce price of gold has gone from $35 to $1,800 today & the purchasing power of a dollar in 1971 has been reduced to 18 pennies today. Click on this link to determine the impact of inflation for any period in your lifetime – like the year you started work to now.
Thanks to our SC businessman who took the time to write an easy to understand explanation of our government debt problem:

"These are the actual proportions of the federal budget and debt, reduced to a level that we can understand...Radio personality Dave Ramsey stated that if the U.S. Government was a family they would be making $58,000 a year, they are spending $75,000 a year and are $327,000 in credit card debt.

"The Government family is currently proposing BIG spending cuts to reduce their spending all the way down to $72,000 a year with a great deal of wailing and thrashing.

"I am sure the numbers can be disputed but the essence of his example cannot. Now this brings it home!!!

"Now you know the trouble we are in....."

Yes, I know the trouble we are in – the question is do you?


  1. You bring up a good point - gold has zoomed up a lot, as of today about $1,825 per oz. But gold stocks HAVE declined, a lot. Only a few rose. How do you explain it? Personally I think hedge funds are shorting gold in a big way. As gold stocks decline - they make a bundle of money. Maybe others have a different view. Let me know.

  2. Many who buy gold seriously on fundamentals -- expect severe dollar fall and also weak global economy. Some who invest in gold stocks will short them expecting to time short term gains. That is point 1 And most significant. Point 2 is that gold is the main attraction. Gold once purchased and especially if it is in your physical possession, is less risky than a gold stock. I bought gold myself this spring and did not want to take risk of choosing gold stock whose management may or may not be reliable. Take the sure thing - the commodity. Hence demand for the commodity tends to be greater than the company managing it.

  3. Doug - Yes we are in deep financial mess and the numbers are against us who champion fiscal responsibility. However whether one pays taxes or not, most Americans do not want their government begging China to buy our increasing new debt with China possibly demanding cuts in our defense and allowing China to increase their influence in the Far East. Thanks to Investors Business Daily editorial today raising this possibility while Biden meets with China. What a coincidence that U.S. just nixed F16 sale to Taiwan before Biden's visit. What Presidential candidate will stand out and question this ?

  4. I believe the people who read this blog are very much aware of the trouble we are in....now is the time for ACTION! We say this over and over. The question is, what is each individual planning to DO about the problem?