I don't know what the real buzzterm for them is, but I call them de-facto e-groups: groups of friends of friends or others with common interests taking topics up conversationally via email.
One such group involves the sector of my patriot friends who are also "expats" -- people interested in escaping the ameriKan madhouse or already happily ensconced in some other country. Many or all are folks you've heard speak at PN meetings in past years.
An exchange will typically begin when our former upcountry SC associate Dr. John Cobin, now an expat guru and college professor in Chile, will sound out an email highlighting some great aspect of life in Chile -- its free economics, nice people, heavenly scenery et al -- and others will respond. Some affirm, some challenge, but iron always sharpeneth iron somewhere.
John's latest blog post the other day.....
http://escapeamericanow.blogspot.com/2011/05/gold-in-chile-buying-it-and-bringing-it.html
.....led to a thought-provoking exchange. This entry from Ken Shields (now living in Chile too) seems especially rich. Hopefully he's right and the "green magicians" will finagle another year or three of relative stability for ameriKa, but there truly appears no hope for it beyond that.
Take it to the bank!
/\/.\/\/.
Actually, there is something that can save the dollar, at least in the short run.
Politics.
There is a war in the financial stratosphere for dominance as the world's reserve currency.
The Euro and its corresponding central bank have been trying to kill off the dollar so they can steal wealth ad nauseum. After all, why should the Fed have all the fun?
China can't stand it either and is trying to convince the world of their enormously strong economy (a joke) by blue smoke and mirrors. Hence the building of, "ghost cities"
where no one lives among other things.
If the dollar wins the battle, we will see a scramble to acquire dollars for reserves that will suck up the excess pretty fast and cause prices of gold and silver to drop. People who bought gold and silver without understanding the dynamics of the free market will give up in disgust and sell off their holdings (at a loss) and the banksters will win again.
No so our group. A drop in gold and silver will just be a better buying opportunity.
The Fed will not be able to resist more dollar creation and in a few years, we'll be back where we are now but worse. Those who are watching carefully will be okay IF they act on the knowledge.
What happens if the dollar loses the war? You know the answer. Hyperinflation and pretty fast, too. Maybe by the end of 2012.
As to the exact numbers concerning the gold available in the earth. It's not infinite but it's much more than we can economically extract, at least for now so it might as well be.
Later,
Ken
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