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Close Call For US Banks
Republicans and Democrats
Just a reminder to all my conservative friends not to be fooled by this latest crop of Republicans begging for your vote. (Ron Paul exempted!) They are wolves in sheep's clothing as history has proven over and over. Don't get me wrong. I am conservative and have never voted for a Democrat in my life. But, I refuse to vote for the lesser of two evils. In fact, I would argue that over the last 10 years, it is the Democratic party that has become the lesser of the two evils. (Obama and Hillary exempted!) I was reminded of that fact once again as I read the following from Doug Casey in his latest email update to his subscribers entitled "Getting Out of Dodge."

"The Johnson administration's so-called Great Society created vast new federal bureaucracies that promised Americans free food, shelter, medical care, education, and what-have-you. Americans became true wards of the state. But the real, final nail in the coffin for America was in 1971 - Nixon taking the US off the gold standard.

Nixon taking the US off the gold standard - open devaluation of the dollar, combined with wage and price controls for some months. And that was not long after the so-called Bank Secrecy Act, which abolished bank secrecy, and required the reporting of all foreign financial accounts. Nixon was, in many ways, even more of a disaster than Johnson. Republicans are usually worse than Democrats when it comes to freedom, partly because they like to couch their depredations in the rhetoric of defending the free market. While everyone understands that Democrats are socialists just under the surface, Republicans actually give capitalism a bad name. Baby Bush is a perfect, recent example.
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