Basics

The comments below are from an email I sent July 18, 2008. I was surprised with the reaction of some that somehow I was making an investment pitch or promoting someone for personal gain. Nothing of the sort. My intent was to simply raise awareness of issues that I believe are fundamental to understanding the situation we find our country in and provide resources to that end:

Economic Resources

Many of today's economic woes have been caused by our own government's attempt to influence the "invisible hand" of true capitalism and our nation's addiction to debt. With so many major US companies on the brink of bankruptcy and near annihilation you might ask how this happened to the greatest nation and economic force in the world and, arguably, in history. I've found some answers in some sources that I'd like to share with you now. Please, I urge you to take time to read these. I believe that the tide is receding and a huge tsunami of economic turmoil is headed to the shores of the United States of America.

How is money created and what backs it? Learn how the decision to drop the Gold Standard has hurt the USA. Read Alan Greenspan's essay "Gold and Economic Freedom" published in 1966 - http://www.321gold.com/fed/greenspan/1966.html. Unfortunately, Greenspan didn't follow his own advice during his tenure as Chairman of the Federal Reserve. "Helicopter" Ben Bernanke is following the same horrific path.

If you believe the Fed's inflation rates (calculated in the CPI) then you probably don't do your own shopping or gas pumping. Inflation is created and reported by the federal government. Read Irwin Schiff's comic book story "The Kingdom of Moltz" to understand what inflation is and why it is in the government's interest to create it, understate it, and promote the false notion that it occurs naturally in any economy. http://www.constitution.org/tax/us-ic/schiff/moltz.pdf

Finally, to put all the pieces together, and for some great investment advice, read Peter Schiff's book "Crash Proof: How to Profit From the Coming Economic Collapse" published in 2006. Peter is one of the few that has for years been predicting the bursting of the housing bubble and many other things that have already happened. He explains economics in a simple and easy to understand way and then lays out an approach to preserving wealth and capital. I have already taken his advice and you can benefit too whether you have anything to preserve or not. The book can be found on Amazon.com and in bookstores. Check out his website that introduces the book and offers a ton of great commentaries, video archives and other resources that will help out as well. http://www.europac.net/ I hope to be able to discuss this further with most of you. Please forward this email on to anyone you think would be interested in this discussion.

Nathan