Saturday, July 10, 2010

A Balanced Budget

"The Budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance of foreign lands should be curtailed lest the Republic become bankrupt. People must again learn to work, instead of living on public assistance."
Marcus Tullius Cicero, 55 BC

~ thanks to troyounce for the quote and pic.

British economy dealt fresh blow as IMF downgrades UK growth forecast

Chancellor George Osborne has been dealt a fresh blow today after a respected international economic thinktank downgraded its forecasts for the British economy.

In one of the biggest downgrades it has made to any developed economy, the International Monetary Fund lowered its 2011 growth forecast for Britain from 2.5 per cent to 2.1 per on

Seriously Underpriced Silver

The Mogambo Guru: Now you know why silver, in serious short supply and evermore vitally needed, is selling for less than $19 an ounce right now, when gold is over $1,200! Using the last 4,500 years as evidence of their average correspondence, a gold-to-silver ratio of 15:1 means that silver should be $81 dollars an ounce! Right now! 426% higher!

And with the roaring inflation that is guaranteed because of all the money that the Federal Reserve is creating so that the federal government can borrow it and spend it, both silver and gold will be much, much, MUCH higher from here! on

"The future ain't what it used to be"

"There can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be turned into ingots bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence" - Charles de on