Janelle and I have not made much about this guy, but after the boys met him at a Christmas party recently they are convinced that their wishes for Christmas presents are a sure thing.
Saturday, December 22, 2012
|Photo moment during a fall run in the woods|
|Making the Gingerbread House Together|
|"We are the three Amigos, Huh!"|
Mini Nutterbutters, hershey kiss, and a chocolate chip
|Going Fishing...City style|
Activity for the week while learning the letter "J"
|Putting up the tree|
It was a family event this year...previously accomplished after they went to bed.
|Learning the Letter "M"|
Tuesday, December 04, 2012
Interesting Article putting Proper Perspective on the US Dollar...except the even Gold and Silver will NOT endure forever...Revelation 18:16-17 says...
This Post is from HERE
Hugo Salinas-Price: The Price of the Dollar
“...the broken wall, the burning roof and tower, and Agamemnon dead.”
W. B. Yeats, Leda and the Swan
Hugo Salinas-Price reminds us of something important in a striking 'heart of the matter' essay.
Gold is the standard of monetary value, because of its unique characteristics which are founded in nature, and are contingent on no other counterparty.
And this is why central bankers are so interested in the relative value of their paper and gold, even if they choose to feign indifference.
The ratio of increase of gold bullion is relatively steady at 1.75% increase per year, also known as the 'stock-to-flow' ratio. This is discussed in more detail by Ronald-Peter Stöferle, Analyst at Erste Bank, and James Turk, in the video below.
Gold and silver are the benchmarks, the 'north star' if you will of monetary exchange fluctuations throughout history. It is how one finds their way through the troubled waters of currency devaluations, war, and temporal customs and regimes.
Empires rise and fall, and currencies come and go; gold and silver endure.
The Price of the Dollar
By Hugo Salinas Price
December 4, 2012
It is a mistake to attribute a price to gold.
What is in question today – and has been in question for a century – is not the price of gold, but rather the price of the dollar, and in turn, the price of all the fiat currencies of the world, which are nothing more than derivatives of the fiat dollar.
The price of the dollar today is 0.01835 grams of gold. That it to say, it is less that two-hundredths of a gram of gold; physically, a tiny speck of gold. We have to turn the popularly quoted “price” of gold around: at $1,695 dollars for an ounce of gold.
If you want the price of the dollar in ounces of gold, take $1 dollar and divide it by 1695 = 0.0005899 ounces of gold. In other words, slightly less than six ten-thousandths of an ounce of gold will buy you a dollar.
Since gold is the numeraire – the substance which prices all fiat currencies – it is not the price of gold which is fluctuating, as the popular press and mainstream media would have us believe. What fluctuate are the diverse prices of all currencies.
We know that the banking cartels which issue these currencies all strive to control the dollar prices of their currencies by numberless forms of intervention in the world markets. Of course, the prime fiat currency (of which all the others are derivatives) is the US dollar and its price in gold is continuously manipulated in a vain attempt to keep it from falling.
The false “dollar price of gold” is promoted and published as a deft and subtle means of throwing public opinion on a mistaken track right at the start of any consideration of gold. The “dollar price of gold” is a case of the tail wagging the dog.
The gold price of the dollar has fallen from 0.8886572 grams of gold in 1934 (at “$35 dollars an ounce”) or slightly less that nine-tenths of a gram, to less than two-hundredths of a gram today.
Unless monetary policy changes in a revolutionary manner, the gold price of the dollar is going to continue to fall until it approaches zero. In other words, eventually the dollar will be worthless in terms of gold.