5. Circulated 90% Silver Coin Bags

6. BU Roosevelt Dimes or Washington Quarters

7. BU Kennedy Half-Dollar Bags

Out go thorium, uranium and plutonium, along with a whole bestiary of synthetically-created elements - rutherfordium, seaborgium, ununpentium, einsteinium - which only ever exist momentarily as part of a lab experiment, before radioactively decomposing.

What's this element that bridges old and new — and myth and science — so seamlessly? Gold.

Myth No. 1: Rising interest rates are bad for precious metals prices.

To keep up with the country’s mounting gold reserves, the United States Bullion Depository opened at the Fort Knox Garrison in Kentucky in 1937. The first shipment of gold arrived from Philadelphia in trains surrounded by military troops.

Gold, the 79th element on the , is one of the more recognizable of the bunch.

All the other metals in the periodic table are silvery-coloured except for copper - and as we've already seen, copper corrodes, turning green when exposed to moist air. That makes gold very distinctive.

Myth No. 2: The government raided safe-deposit boxes to confiscate gold during the 1930s.


Myth No. 3: Numismatic coins are "confiscation-proof."

In the mainstream media (non-USA), the question is finally being asked about (which has been asked for awhile). The media has been covering the recession by focusing on and ignoring Main Street.

patrick’s day hd... 2560 x 1600 jpeg 171kB

Those days of plenty can return, but only when the energy issue is permanently resolved. Resolving the energy issue can also lead to and the exchange aspect of economics can fade away, as it does on the earth depicted in . The only thing keeping us from experiencing that reality . It can be different, but it is up to us.

Fort Knox is framed in steel with walls of concrete.

My fellow baby boomers do not need statistics to understand the trends. When I was growing up in 1960s suburbia, almost all mothers stayed at home while raising the children, and the father’s income was plenty to keep the family comfortable. The stay-at-home mother is nearing extinction in America, primarily confined to wealthy or welfare mothers. I received a virtually free college education in California in the 1970s. Those days are long gone. My wife’s father not only provided for five children on his schoolteacher’s income, but he also had a large recreational boat. A hiking buddy was raised on Mercer Island on his schoolteacher father’s income, and they also had a boat that they spent the summers on, sailing to British Columbia and Alaska. Paul Allen is Mercer Island’s richest resident today, and there are no schoolteachers living there with their boats moored at their docks. It is amazing to consider those days of economic plenty that vanished in my lifetime.

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The USA rode history’s largest economic bubble in the decades after World War II. Energy use per capita skyrocketed, to peak in 1973, when the U.S. had its first energy crisis. It is no coincidence that U.S. wages peaked in the same year. Since peaking, energy use per capita has declined by about 6% and . The difference between the 6% and 10% is partly explained by the increasing economic disparity in America. As the pie has been shrinking, the rich and their servants have been devising ways to enlarge their disproportionate share. It began with moving the USA’s industrial capacity to low wage nations, which accelerated during the 1980s. The astronomical executive pay of recent years is only one symptom of this phenomenon, as is Bill Gates’s enjoying a net worth equivalent to the collective net worth of the poorest hundred million Americans (and the poorest half of humanity - which might be the most mind-boggling statistic of global capitalism).

Here is how I would buy the shares.

In my upcoming energy essay (which I plan to publish sometime in 2009 – optimistic words it is being published in 2014, after I took a year off from my career to write it), I will discuss economics and its three aspects in classical study: . Virtually everything passing for economics today is focused on its exchange aspect, which is not productive at all: its main function is ensuring that the idle rich can amass huge incomes and maintain control over the world economy. Wall Street was and is completely worthless, from a productive standpoint. The USA has largely become a global parasite, with most of its oil imported (while we and threaten nations that do not let us plunder their hydrocarbon deposits), with poor Mexicans producing our food (and , in general), with poor Asians making our clothing, electronics and other products. With the immensely corrupt collapsing, the American Empire is in swift decline, with its real economy in shambles.