"I'm waiting for our resident lib to answer." Are you talkin' to ME?!

Why are Dems running from the health care bill? Aside from the fact that many Dems are true invertebrates, they are just doing what politicians do in an election year: CYA. It's the same reason many Republican politicians are running from TARP, because the Tea Party is gunning for them. The exact same reason why Michele Bachmann just threw her idol W. under the bus. In case you missed it:

http://www.politico.com/news/stories/0910/42930.html

Don't take it personally, G. W. It's just politics.

Ken,

If the monetary system collapses or is seriously devalued gold will still be a commodity that could be used to barter or trade for anything. And in a dire situation like that gold is most likely going to be worth even more, not less.

Don't forget that gold is always real and universal across the globe. A dollar is only worth what the speculators and traders peg it on the open market plus whatever anyone thinks "the full faith and credit of the US government" is worth. At one point in US monetary history dollars were backed by gold, later by gold and silver. Now dollars are backed by the ability of the US Congress to levy and collect taxes.

Do a historic trend on the value of the dollar and other world currencies against the value of gold and it is pretty clear that gold is valued much more than any currency in the world.

People may not have dollars to exchange and/or their dollars might not be worth much but people will still have needs. That is why some form of a "black market" will always emerge to take care of people's basic needs regardless of what the economy or monetary system may be doing.

Wow, I never new that, much appreciated.

Ken,

I think the real threat is overnight currency collapse like an Argentina. So if your holding hard assets, like gold, they just cost more the next day. Currently, countries are forced to use dollars for most international trade, so the demand for dollars is great. Most of the major economics are expressing interest in dumping the dollar since we are printing so many of them.

Ken | September 26, 2010 7:15 PM | Reply

I always get a laugh out of the commercials hawking gold. They say to buy it in case of a total collapse of the economy. If that happens, who is going to buy your gold from you, and what good will it be?

To say this webpage makeover is "bland" is really being too kind.

Is it possible that the same designer who worked on the Naperville Central HS remodel was hired on the side by the Naperville Sun to redesign this page?

The best case scenario is some sort of gridlock so Barry, Nancy and Harry (although I don't think he will be there) can calm down on their mission to destroy this country. Gridlock will allow for the economy to rebound. We will at least know what is in store til we get rid of BHO in Jan '13. Meaning no new hidden taxes (healthcare).

question for you dems - Why aren't the dems touting their passage of the healthcare bill in this election season? I'm waiting for our resident lib to answer. Might it be because it is so unpopular? Might it be because we are paying for it now without knowing what is in it or how the numerous departments that will be created by the bill will create a DMV-like experience to get your medical care?

The stock market is going up for one reason and one reason only. That is because the Fed keeps easing and easing. And China and Brazil and a few other countries actually have a plan for growth.

I always get a laugh out of the commercials hawking gold. They say to buy it in case of a total collapse of the economy. If that happens, who is going to buy your gold from you, and what good will it be?

The single major driver to increasing the markets and calming down gold will be A)enacting the tax cuts for two more years, and B)a coherent policy change that directly and immediately attacks the national debt.

This can only happen if Dems are driven out NOT because the GOP has a better record recently but ONLY because there is ZERO chance either A or B can occur under the Dems.

Dems see A & B as mutually exclusive because they do not understand from a policyy perspective that A drives B via economic growth. More money in the pockets of the job creaters ALWAYS (historically) has created more jobs and a growing economy. The term oft used is "a rising tide lifts all boats". This was true under Kennedy, under Reagan, under Clinto, and under Bush.

Ins hort, they are dependent variables. A lower national debt will require actual reform to entitlements (does ANYONE out there really think we can keep the retirement ages foe SS & medicare at their current levels? That we can continue to pretend we can enact COLA going forward?). Then, a reformed tax system WILL probably be a requirement, but only AFTER the spending issue is fixed.

PS

I liked the look and feel of the old site better, this remake is bland to be kind.

Gold continuing to go up along with gun sales is not a vote of confidence in the economy or the government.

It is worth noting that other major world governments are purchasing gold as a hedge against the collapse of the dollar, which continues to become more likely every day.