Chicken Little
The following is an excerpt from a recent commentary by Howard Katz. It is a rather longish read, which is why I have waited till Friday to post it here. This is a MUST READ article if you are serious about understanding how the financial markets work. You can read the entire commentary here.
Chicken Little was full of alarm, but the science behind his prediction was not very good. And the same is true about Abelson and the other paper money bugs. The purpose of all the media hype against gold is to persuade us to sell out of our gold holdings and to head off a movement to return the country to the gold standard. The idea here is that the paper aristocracy wants to steal our wealth, and their fundamental tool is the counterfeiting of money via the Federal Reserve. Everything they say has this motive and is trying to make us poor. Listen to them, and you will fail.



