Remember the Lincoln - Kennedy similarities? What about

AUandAG

The Carter - Obama similarities.

First, President Carter: President when silver went to the moon in '79/80.
Inflation was okay, pretty much in check as I recall.
We had an oil crises in '79. Iran overthrows the Shaw and put Khomeini in power.
Oil flow just stops. Goes from 6 million bbls to zero overnight. Khomeini slowly
brings it back to 1.5 million bbls but stops there for whatever reason. The Saudi's
don't fill the gap (they can't as they don't have the wells producing enough at the time).
War in Afghanistan (Russians invade).
Unemployment hits 9% in the US
Carter is spending huge sums on all sorts of programs (Dept of Education and Dept of Energy)
Silver approaches $50 per ounce

Then November of 1980 Reagan gets elected. Drops the rate of taxation and Unemployment begins to level
and then drop significantly. Prosperity takes off and the Gov't solves it's debt problems and goes positive.
Reagan influences Nicaragua, Mexico and Valenzuela to produce more oil and price of gas drops significantly.
No more gas stations out of gas signs. We saw no, that's NO, expansion of Gov't.
Silver drops to normal $5 or so levels.

Today, President Obama. Silver again at almost all time highs. Huge expansion of Gov't. Huge increases in
spending programs (Obama's healthcare, etc). Oil again at high levels and we're at the mercy of other countries
for most of our oil. Unemployment approaching 10% again.

So, what do we need to look for? Well, nothing, as history is about to repeat itself again. If Obama's debt reduction
program that he's about to propose works or if the Republicans can get theirs in, then the economy will be ready
to bounce right back. Debt is the key. We are at a crossroads that we've been at before. Whether it's this President
that will sink or rescue us remains to be seen. Maybe selling ahead of the solutions would be a good thing. Hopefully
someone will solve our debt crisis and oil crises and unemployment crisis and health care crisis and banking crisis. IF
that does happen with a change in party then watch the price of silver drop like a bomb. Time will tell.


Just food for the PM crowd.

bob

CaptHenway

Your facts are incorrect. Inflation was very high during the Ford and Carter administrations. Google "Whip Inflation Now."

Interest rates were up around 18%.

TD

AUandAG

Geeeeee Tom, one fact off. I don't remember inflation being the problem but alas, I did not look
it up. Now that I reflect a bit harder I do remember getting 15% return on my CD's and Mtg Int
rates were above that figure.
That only make my conclusion a bit stronger as inflation is on it's way. We see it in almost all the
food prices and most of the clothing prices. Hmmmmm, just my WAG.

But if the Gov't gets its spending in control, and if they don't destroy private enterprise with taxation,
then I see the price of silver dropping like a rock.

Time will tell.

bob

cladking

Reagan didn't "save us" from Carter's follies; he merely postponed them until the future.

That sound you hear is the alarm clock and that smell is coffee brewing.






Don't forget Reagan tried to spend and cut taxes to get Congress into submission
but it didn't work. They've been spending more and cutting taxes ever since.

AUandAG

<< <i>Reagan didn't "save us" from Carter's follies; he merely postponed them until the future.

That sound you hear is the alarm clock and that smell is coffee brewing.


Don't forget Reagan tried to spend and cut taxes to get Congress into submission
but it didn't work. They've been spending more and cutting taxes ever since. >>



Well, perhaps this is all true and it is just cycles of boom, bust, boom, bust. Maybe the
changing of the guards make no difference and don't ever change things one way or the
other.

I find that hard to believe, and do see a correlation between 79/80 and now. Maybe I'm
all wet but I do think history is repeating itself. Do a 35 year chart for silver and tell me
I'm all off base.

bob