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Posted: May 30 2009     By: Jim Sinclair      Post Edited: May 30, 2009 at 7:17 pm

Filed under: Jim's Mailbox

Dear Jim,

I starting reading a book today called "Patriots" by James W. Rawles, who founded survivalblog.com. This is a "fictional" story but it is really Jim Sinclair on steroids. I read the first six pages and got terrified. He makes a good point along the way after he mentioned gold going to $5,100. The people who sell out for dollars at that point lose everything anyway to Zimbabwe like inflation. Which makes me wonder what good it will do to sell any of my precious metal investments should the time come. Anyway, it is a good/scary read.

Bob De

Dear Bob De,

Nobody seems to pay attention to what I have been saying for years and what Alf also believes.

This time when gold goes up it stays up and does not do its 1980 disappearing act. There will be no need to sell.

Looking for the top of the gold price is a major waste of time.

Regards,
Jim

Jim,

Who better than those who have lived under communism to fully recognize what is now happening in the United States!

http://english.pravda.ru/opinion/columnists/107459-0/

From the article: "…the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people."

When you eliminate valid business contracts and hand over control of businesses to the government, you eliminate ALL incentive for anyone to invest in anything in your country.

As GM goes, so goes the country. GM is now 75+% owned and run by the current ruling authorities in our government, not by the people who had valid business contracts.

People in this country will one day realize that a country’s currency is nothing more than a piece of paper with the country’s "Brand Logo" on it…

… the "brand" on this current government is losing value at an ever increasing rate, and the problem with brands is that once destroyed they very rarely are able to regain lost prominence.

CIGA Buz