Hi sketch,

Its not yet hot enough for the so-called elites, but average "joe-six-pack" is hurting pretty bad, just like the proverbial "frog in hot water".

The problem with "joe-six-pack" is that he has not yet come to the realization that he holds ALL the cards. His/her problem is that they don't know how to play them yet. They think they don't understand the game.

I've got news for them!

The game is very simple.

Snippet from above

"Critics argue that a return to the gold standard would be virtually impossible, as there isn’t enough gold in the world to meet all the demand if major countries moved back to a gold-based system. The price of yellow metal would rise, causing huge currency volatility. And the volatility would likely continue for years as the world readjusted. Simply put, the main benefit identified by proponents — price stability — would not exist, experts say."

Who are tthese "critics?"

Why do they think there is not enough gold in the world?

Is it because they don't have access to enough of it to maintain control?

As for price stability existing, just more nonsense being spewed out by those that have the most to lose.

Another snippet:

"As the standard bearer for what’s known among proponents as “sound money,” Mr. Bell’s challenge has always been to win the attention — and support — of power brokers in Washington, as monetary policy is a federal jurisdiction, despite what some state lawmakers would like to believe. For years, the elite in the capital have rejected the idea “because the politicians don’t want to deal with it… They’re afraid to get into it,” he says."

When feeding a family becomes an emergency, monetary policy will cease to be a federal juristiction. The final say will be whatever joe-six-pack can negotiate, and rightly so.

Comment:

Obama, the Democrats and the Republicans WILL come to an eleventh hour agreement, with not enough time left for the sane people to analyse it for shortcomings, and it will plunge the U.S. into an even deeper hole.

Look for potential riots within two months of an agreement (even sooner if taxes get increased).

Good Luck to all!