Thoughts on a $1,118.00 Day

If it is always darkest before the dawn, daybreak must just be moments away. Because, on both the social and economic scales, it is a very dark time in America. Gold today hit a record high of over $1,118.00 an ounce as investors and governments around the world abandoned the US Dollar and other paper currencies in favor of the precious metal. Publicly and privately many say the see the collapse of the US Dollar and possible the collapse of the United States.

Misled and misguided by a President wholly unqualified and unready to lead this nation during an economic crisis, the United States is floundering. And the deaf, dumb and blind US Congress is leading the nation off the edge of the cliff as surely as the Pied Piper led the rats and then the children in the fairly tale to their potential doom. I'm not at all certain we can have a happy ending.

Clearly investors and foreign governments don't think a happy ending is in our future as they abandon on currency as if it were infected with Swine Flu (or, more likely, the Ebola virus). Death be to those holding US currency when the end times arrive.

President Obama's biggest mistake today is that he is ignoring the economy as he pursues a Health Care Restructuring Plan that is horrifically bad in its own right. He should be working on the economy and the deficit, but if, god forbid, he succeeds in forcing this Health Care Bill down the throats of a public that neither wants it nor needs it, it will bring on the collapse all by itself.

Poor President Obama has done virtually nothing right. Being naive in both the ways of Congress and in basic economics, he turned the Economic Stimulus Act over to Nancy Pelosi and give little or no guidance. Pelosi hadn't the slightest idea how to build a stimulus package, so she did what she does best, packaged up 780 billion dollars of pork and special favors for friends and supporters and called it stimulus.

Now some folks are surprised (or, at least, act surprised) to find the stimulus package isn't doing any good and the very slow economic recovery is exactly what would have been expected without a package.

The problem is the stimulus package is actually a time bomb and is ready to explode the deficit. Gold, therefore, is the safe haven for investors and other nations that are handling their economy correctly.

Three things need to happen. First, and perhaps most important, the Health Care Restructuring Bill must be stopped.

Second, the President needs a new economic team, a strike force if you will. He should ask Mitt Romney to head up this effort to, literally, save the United States.

Finally, Nancy Pelosi should step down as Speaker of the House and usher in a new spirit of true bipartisanship. Now is not this time to build walls and foster hatred. Pelosi isn't capable of anything else and she must go.