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ARCHIVED DISCUSSION FROM 7/4/2004
All times are U.S. Mountain Time

(Yesterday's Discussion.)

Great Albino Bat (07/04/04; 22:28:17MT - usagold.com msg#: 122753)
What about regression and not progress?

T. Jefferson was born in a time when the prevalent and fashionable idea was that mankind had to PROGRESS to higher and higher stages of civilization. That was what "The Age of Reason" was all about.

I notice in the post by Camel, that T.J. said:

"I also know that laws and institutions must go hand and hand with the progress of the human mind.

Yes, indeed, when civilization is moving upwards to a higher level, laws and institutions will have to adapt to that higher plane. But, do humans ever really progress? Is not humnanity always the same?

What about our time? Quite evidently a time of regression, of descent to barbarism. Even worse than barbarism, for the barbarians were God-fearing people. NOw, we have atheistic barbarism - never has mankind sunk so low.

Good and brave Thomas Jefferson - I think he thought too highly of humanity. Too optimistically.

Time to gather in the family, and tell it like it is. And gather in some gold and silver, too; will certainly come in handy, not too far down the road, now.

The GAB

Henri (07/04/04; 20:16:23MT - usagold.com msg#: 122752)
Happy Birthday United States of America
In truth we are the United States of Being of all our constituents...if we could only learn this. A tretise on truth? Perhaps another day.

Camel (07/04/04; 19:46:07MT - usagold.com msg#: 122751)
(No Subject)
"I am certainly not an advocate for frequent changes in laws and constitutions. I think moderate imperfections had better be borne with; because once known , we accommodate ourselves to them, and find practical means of correcting their ill effects. But I also know that laws and institutions must go hand and hand with the progress of the human mind. As that becomes more enlightened ,as new discoveries are made, new truths discovered and manners and opinions change, with the cxhange of circumstances, institutions must advance also to keep pace with the times. We might as well require a man to wear still the coat which fitted him when a boy as civilized society to remain ever under the regimen of their barbarous ancestors. "

Thomas Jefferson

Boilermaker (07/04/04; 16:32:42MT - usagold.com msg#: 122750)
Barron's article on Newmont Gold
This week's Barrons has an article by Rhonda Brammer about Newmont Gold, "24 Karat Play". The article is generally positive, citing Newmont's president, Pierre Lassonde's bullish forecast for gold and newsletter writer Fred Hickey's (High-tech Strategist)case for higher gold prices. By the end of the article the message was clear, a cyclical play on a stock in a cyclical business. Sort of like General Motors or USSteel. Lassonde and Hickey give the case for a weak dollar but there was no hint of the stuff we talk about- dollar and systemic fiat failure- as being the reason to be long gold.



Boilermaker (07/04/04; 16:15:46MT - usagold.com msg#: 122749)
The Security Zoo
This 4th of July worries me. I feel like the US is becoming a zoo. A zoo is a place that cages its animals with total care and security. They will be fed every day and not be eaten by preditors. They will live a longer and lead more predictable lives. However, they will not be free to become "all you can be". Which life do you want?

The zoo may run out of funds and the animals therein may suffer. I would not want to be a zoo kept animal turned loose to a "free" habitat.

I like the contest of life for good or bad. God-given determination and good sense will sort out the winners. God made gold for winners. As Ari relentlessly reminds us, gold, get you some.

Boilermaker (07/04/04; 15:53:46MT - usagold.com msg#: 122748)
Goldless Heathen msg#: 122728 Independent Gold?
Your post reflects some of my own concerns regarding gold. If not enough people (voters) have an interest or sense to own gold then will our congress protect our rights to own it?. If not enough people understand the reasons to own gold can we expect them to elect a congress that allows them to? If more people are convinced that government is a crutch will they ever learn to walk?
This 4th of July will most likely be a turning point for the US of A, the country I love and will fight for. The purchase of gold is a vote against the direction that I see it moving and towards the reclaiming of its glorious heritage.
Vote now, vote often, for your golden future.





Liberty Head (07/04/04; 15:21:49MT - usagold.com msg#: 122747)
Re: Declaration of Independence

Cavan Man,

Thanks for posting the Declaration of Independence. Those words, written at the zenith of Liberty in the USA, were once quite inspirational. In days gone by, people actually believed in limited government and fought to make it happen.
Today those words make me weep in sadness for what we have become. I get the same feeling when I read Emma Lazarus's "The New Colossus". The words ring hollow for me.
It seems to me most folks have transferred their reverence for the concepts of Liberty into a reverence for the symbols, statues, declarations, currency, fireworks, etc. That is, we love the symbols more than what the symbols stand for.
Perhaps, King George III was ahead of his time.

One way to declare individual liberty today, and back it up with action is to buy gold. An ounce of gold always rings like an ounce of gold. Liberty is in deed precious.

Here are some simple words that do not require anyone else's concurrence to live by.

"Give me liberty or give me death"
-Patrick Henry

Best Wishes

Aristotle (07/04/04; 15:05:23MT - usagold.com msg#: 122746)
What's better than Gold?
What's *BETTER* than GOLD???

How about... an Independence Holiday like this one, glowing coals on the BBQ, with warm friends and cold beers gathered 'round.

Best of all, it needn't be a choice of Either-Or. Have them both!

Gold. The one ingredient most American families are still missing. Get you some. --- Ari

Cavan Man (07/04/04; 13:51:02MT - usagold.com msg#: 122745)
None
The Declaration of Independence of the Thirteen Colonies
In CONGRESS, July 4, 1776

The unanimous Declaration of the thirteen united States of America,

When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. --That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. --Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain [George III] is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.



Bizarro-Greenspan (07/04/04; 11:17:42MT - usagold.com msg#: 122744)
Gold

Can be part of the Chinese trade deficit.

Bizarro-Greenspan (07/04/04; 11:13:47MT - usagold.com msg#: 122743)
Steve 22

I think China will only spend USD reserves on trade deficits,there is nothing to be gained by rocking the boat at this time.

There is talk of using the USD reserves to bail out the underwater Chinese banking industry,I guess we'll all have to wait and see on that one.

Bizarro-Greenspan (07/04/04; 11:07:10MT - usagold.com msg#: 122742)
Paul McCulley,PIMCO

"But the fact that we live in a fiat currency world, with no backing for our currency except the good name, good faith, and good credit of we the people tells me that money is, at the end of the day, a political decision. I mean, lo and behold, this free market concept is founded on a fiat currency."

ge (07/04/04; 02:48:03MT - usagold.com msg#: 122741)
Ballad of the Banking Systems Engineer by John C. Turmel
http://www.cyberclass.net/turmel/pombank.htm
..
There's feedback that is positive that forces debts to grow.
The flaw is in the software while the hardware's working right,...
Our nations, towns and provinces are burdened all to tears,
By an exponential function overlooked by engineers....



ViewYesterday's Discussion.

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