Its just me Gaz - Re Bushels/...I take things too literally oftentimes. ((
Re Iceland ..."Quote" of the decade gaz - It should be flown from every yardarm and flagpole in the British realm, and alongside a set of gallows in every public sq ;-o
Things are definitely heating up re your post on Saccomanni. I think Europe is in for a re-shuffle early in the New Year perhaps, as the sovereign debt charade that everything is A OK, with all european banks and countries cannot remain much longer without exploding into a full blown crisis (grab for cash)/....
' The war cycles are turning up dramatically. From 2014 to 2020, they will wreak total havoc on Europe and the U.S.
And in Europe and Washington, our leaders are becoming more and more dictatorial, more fascist, more authoritarian.
Why? Because big Western socialist governments are dying and our leaders know it. So they are acting like caged animals and fighting back the only way they know how: By attacking their own citizens.
This is how Rome died. This is how the Byzantine empire fell. It’s how the maritime merchant-based Venetian times ended. And many other civilizations throughout history that have often been at the core of the global economy. '
http://www.moneyandmarkets.com/2014-the-first-year-of-the-21st-century-dark-age-56957
'They do not die by hyperinflation, as so many seem to think. They do not die by severe deflation either. Instead, they die by leaders turning against their own people to hunt down every penny of wealth they can find to tax and confiscate — all in the name of saving the government.'
If we look at the devaluation of the $USD we learn that $5000 in 1913 when the Federal Reserve was created on Jekyll island is now worth..\\\DRUM ROLL/// ...4.5 cents today, or maybe a bit less even.
As Voltaire correctly opined, "All paper eventually returns to its intrinsic value-zero." In 1871 the British economist David Ricardo noted, "Experience has shown that neither a state nor a bank ever had the unrestricted power of issuing paper money without abusing that power."
If Gold and Silver had no real worth then they would not be classed as 'precious'.
S.