FSN: The One Thing Nobody’s Talking About…

(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

by Simon Black
Sovereign Man

One of the unequivocal laws of the universe is that governments tend to screw up everything they try to do. When life gives them lemonade, they make lemon laws. Even if grounded in good intentions, all they know how to do is blow other people’s money and pass destructive new regulations.

In fact, I can only think of two institutions on this planet that have a more dismal long-term track record than government. The first is whoever ends up playing the Harlem Globetrotters. The other is central banks.

Presumably, the role of a central bank is to manage a nation’s money supply in order to smooth out booms and busts, and maintain a sound currency. But one need only look as far as the European Central Bank’s short 14-year history to get a sense of this massive failure.

Continue Reading at SovereignMan.com…

• FSN: Household Survey: Number of Employed Declines by 119,000 as Those Not in Labor Force Rises by Spectacular 581,000; Yes, Virginia, It’s a Recession
• Why Your Gov’t Is Good For Gold
• Top 14 Reasons To Buy Silver
• Gold : To Be Much Higher Over The Decade
• Crude Oil: If Anything Makes It Go Down, Buy It
• Sugar Is Going To Be Much Higher Over The Next Decade
• Global Financial Collapse in The Next 3 – 9 Months
• European Markets Could Easily Correct 10 To 20 Percent From The Recent Highs
• European Equity Markets Safer Than Bank Deposits
• Mike Niehuser’s Gold Investing Lessons from Banking School