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Cheap U.S. dollar is hardly worth counterfeiting
Gold prices on Tuesday surged to an all-time high after India’s central bank bought 200 tons of the precious metal, swapping dollars for bullion as the country’s finance minister warned that the economies of the U.S. and Europe had “collapsed.” India’s decision to exchange $6.7 billion for gold equivalent to 8 percent of the world’s annual mine production sent the strongest signal yet that Asian countries are moving away from U.S. currency.
Months prior to New Delhi’s announcement, China revealed it had almost doubled its gold reserves in the past six years.
When I read about India’s decision, I wondered, if this did indeed take place who is going to let Congress and the Federal Reserve Bank in on what most Americans already know: Paper money (Federal Reserve Bank Notes) is nothing more than pieces of paper with numbers printed on them. We saw how worthless this paper was when the unconstitutional Fed cranked up the printing presses and drop-shipped hundreds of billions of paper money on banks too large to let fail.
After researching the Federal Reserve Bank in earnest during my employment with the Cleveland Fed back in the 1980s I came to the conclusion that having the largest military in human history can only push other currencies around for so long, and then …
Yes, our brilliant leaders and banksters too large to let fail have only been fooling themselves. Sadly, it has been at our expense.
DAN TRIBBLE
Diamondhead
Who produces the power vs. who wields the power
Regarding the proposed building of a new lignite coal power plant in the central Mississippi county of Kemper by Mississippi Power Company, I see several things at play:
n Since our state has plenty of electricity available already, and since we live in a state that has a stagnant or declining population, any new power generated will be “for sale” by Mississippi Power to other companies to be used in other states.
n The building of a new plant in central Mississippi will probably lead to the eventual closing or “scaling back” of the plant here in Gulfport, thus a loss of good jobs on the Coast.
n The vote of our Southern District commissioner, Mr. Bentz, will let us know whether he is sitting on the side of the aisle with the rate-payers or with the big utility companies.
I anxiously await the Public Service Commission’s vote on this matter.
WILLIAM L. BOVA
Gulfport
Ouch! I feel a stabbing pain
In his speech recently at the Naval Air Station in Jacksonville, Fla., President Obama said he would support the military “to the hilt”!
The “hilt” is the part of a sword that separates the blade from the handle.
I guess Mr. Obama meant that he was going to give the military the shaft!
WILLIAM NEFF
Diamondhead
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