Two more good write-ups from Stott.
The first is titled Production and is too long for me to re-post, here. A layout of what a major portion of the price of goods/services consists of. A link as permanent as anything on the web http://www.gold-eagle.com/gold_digest_05/stott040606.html
The second (below) is from his ephemeral MWF columns @ coloradogold
Those of us who know about economics, have been saying this for quite a spell now, but people kept buying. We warned about the NASDAQ collapse months and months before it happened, and the fools kept buying. It has been said that if all the money in the world were re-distributed evenly; within ten years the same people would have it again, and the same people would be poor. I am certain this is true, but what can one do to inform and reason with the uninformed and unreasonable, other than write speak, urge, cajole, and do whatever is in one's power...and still have the same people do the same foolish things again and again. So let me once again tell you that this is no time to buy a home, no time to buy stocks, never buy a new car, cash in your annuities and whole life policies, and buy silver and gold.
And finally, on Jay Leno's "Jay Walking" last night, a blonde college freshman, when asked who Christopher Columbus was, answered, " A woodpecker?" I'm sure she graduated from a public school, and her parents save in dollars. Have a great weekend!