10 March 2009

Give and take

It is clear that civilization emerges time and again because mankind is a social animal and seeks the benefit of banning together in sort of a tribe of nations. But there is also the downside, and that is that civilization creates leaders and the self-interest of those in power always is pitted against its own people to exercise and extend its own powers. Civilization is destroyed by the inability of all governments no matter the form it may assume, to spend only what it earns. Every state in history has fallen into a Debt Crisis and that has always led ultimately to higher taxes.

Martin Armstrong

You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it.

Dr. Adrian Rogers, 1931 - 2005

If the mints are indeed boxed in by the blanks problem, and it appears they are, there will be no easy way to keep those base premiums in check over the long run. It appears that the bullion gold coin shortage has become a chronic problem and something gold owners and accumulators will need to keep an eye on in the months to come.

Michael Kosares: Gold coin shortage likely to become chronic.

I covered similar ground in this post as well as this post which got a response from Jason Hommel. Good to see this issue is now getting a bit more exposure.

Goldonomic: $ 6,000 Gold ?

1 comment:

troy said...

Some great and very true quotes there Bron. I have only just started to follow Martin Armstrong's work and find it very interesting. Hope all is going well!