There is another esteemed Austrian economist out there that is familiar to us all and that is Ron Paul.

Austrian economics is what lead Ron Paul into politics in the first place. It is why Ron Paul HIRED Gary North as an economics advisor during Congressman Paul's first term in office.

Is Bix Weir an Austrian economist?

Lew Rockwell and Murray Rothbard are and were Austrian economists.

As was the Nobel laureate Hayek.

Ayn Rand was good friends with Ludwig von Mises, who founded Austrian economics and advised Ayn Rand on the economic underpinnings of Atlas Shrugged.

In any case folks, BUY some precious metal coins of some kind (gold OR silver) ASAP, if you can afford it.

If not store some dried food at home, canned goods, pasta etc. or buy some freeze dried food like Bruce is offering. Enough for a month at least.

Also get a gun. And make friends with your neighbors.

Things are unraveling much faster than even I would have thought. The riots throughout the UK., the flash mob riots, over the last 3 nights are a potential model of what is coming to America.

-----Original Message-----

From: [address removed] [mailto:[address removed]] On Behalf Of DenisL

Sent: Tuesday, August 09, 2011 11:36 AM

To: [address removed]

Subject: RE: [ronpaul-176] Gary North's take on why silver fell and gold rose.

Respectfully I disagree.

I believe that Gary North is an Austrian sconomist. One of the best ones alive today. IMHO.

I think we are going to have to agree to disagree on this one.

I am curious if you have found any other Austrian economists whose opinions you respect.

________________________________

From: [address removed] [[address removed]] On Behalf Of Tom Hutchinson

Sent: Tuesday, August 09, 2011 11:17 AM

To: [address removed]

Subject: Re: [ronpaul-176] Gary North's take on why silver fell and gold rose.

Dennis,

I don't know how long you have been reading Gary North but I would strongly suggest that you discontinue your subscription as I did over a couple decades ago.  Gary North is an, old out of date, misinformed has been. Even worse he might well be a deliberate disseminator of misinformation.  I don't think he is considered by any one as an authority on gold and silver!  There are probably very few persons as broadly read on this topic as myself.  Not bragging just stating a fact.  I read and subscribe to dozens of newsletters letters and have for almost two decades.  In all of this reading the only place I have ever heard Gary North mentioned is by you Dennis.  Not in any way attempting to put you down just hoping you you will attempt to find more current better informed sources of information.  For example read today's Bix Weir and read and study his Q and A section. Tom Hutchinson

On Tue, Aug 9, 2011 at 4:25 AM, DenisL <[address removed]<mailto:[address removed]>> wrote:

On August 8, Silver Fell, While Gold Rose Sharply. Why? Let Me Go Over This One More Time

Gary North

garynorth.com<http://garynorth.com>

Aug. 9, 2011

Silver fell. This isn't supposed to happen when gold rises sharply, say silver bulls. But it did. Let me tell you why. Again.

Gold, not silver, is where rich men seek a safe haven in a major crisis. We are told by silver bulls that silver is the poor man's gold. Indeed it is, which is why you had better buy four times as much gold as silver. I recommend 80-20 gold to silver.

Buy what rich people buy, not what middle class people buy.

The markets are falling because investors sense a world economic slowdown. Silver is an industrial metal that usually tags along with gold. But when the economy looks really bad, commodities fall. Oil fell yesterday. Silver fell. Copper fell. Agricultural commodities fell.

Gold rose. Why? Because it is what rich people buy when they are scared.

The silver bulls are addicted to the myth of the silver shortage. For over 40 years, I have heard about it. It's nonsense.

When the stock market crisis calms, gold will back off. But when you are in a crisis, you want gold. The silver bulls simply do not understand this. They never will.

Newbies are easily sucked in by hype. Silver bulls are masters of hype.