‪Super Congress Dictatorship, Red Alert!‬‏ - YouTube

This is a sad sad day. The end of checks and balances for this nation.

 

it started almost 100 years ago with the creation of the (private) "Federal" reserve, but really- the checks and balances have been practically non-existent for at least the last 20 years

and while he occasionally hits upon a relevant fact or two, I still think Alex Jones is a nut job

 

What's next, he'll start ranting about stockpiling gold?

 

His opening statement made me think of starwars

 

Yeah, yeah, the government is broken. What else is new?

 

Hell, I wish I'd "stocked up on Gold" five+ years ago when my Grandpa and my Father told me to.

 

I remember thinking that when is was <$600.

 

The only reason gold is up is that commodities have been on a run for the past 19-20 years. You didn't just miss out on gold, you missed out on silver, corn, oil, and everything in between. That being said, gold is also not the best asset class.

Hindsight is 20/20. I'm sure you would all agree that investing in Apple in the 90's would have been a great idea too but only because of your knowledge of how the company has performed now. Just like Apple, gold hasn't always been a sure thing and will again have some dog days given that all markets are cyclical.

More things to consider about gold:
1.) Gold has little intrinsic value - its price is set entirely by investor psychology.
2.) Historically we know that gold is not an appreciating asset, merely a hedge against inflation... which leads me to point #3
3.) Gold goes up when inflation goes up... inflation has been steady at 2% throughout the recession. Deflation is the real concern, and gold doesn't help in a deflationary environment.

 

Here's a good article on gold:
Don't Buy Gold: It's a Gift, Not an Investment - WSJ.com

 

back on topic: we'll see how this plays out.

 

This guy disagrees.

 

Man... I hope I look that good when I'm 35.