Jim’s Mailbox

Posted at 4:00 PM (CST) by & filed under General Editorial.

Jim,

Looks like you are right… it will never end.

CIGA Pedro

Bush, Bernanke say time is right for new stimulus
By JEANNINE AVERSA AP Economics Writer © 2008 The Associated Press
Oct. 20, 2008, 3:00PM

WASHINGTON – Momentum increased Monday for a new economic stimulus package to help cash-strapped Americans as President Bush and Federal Reserve Chairman Ben Bernanke threw their weight behind an idea they earlier opposed.

Press secretary Dana Perino told reporters on Air Force One as the president flew to Louisiana on Monday for an economic event that the White House will have to see what kind of package Congress crafts. Perino says the administration has concerns that what has been put forward so far by Democratic leaders in Congress would not actually stimulate the economy.

Earlier Monday, Bernanke told the House Budget Committee that country’s economic weakness could last for some time and it was the right time for Congress to consider a new package. Earlier this year, most individuals and couples received tax rebate checks of $600-$1,200 through the $168 billion stimulus package enacted in February

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Dear Jim,

Thanks man, I get it! Your commentary Sunday was superb. From my limited prospective I feel something big is in the making and it will not be good for most people, but you already know that all too well. I hope most of your readers get the warning you gave. As for me, I will not sell a single ounce of gold until after Jan/2011 that is for sure.

Your friend,
CIGA Greg

Dear Greg,

I am concerned when it comes to mentioning the names of any coin dealers as the majority are related directly to Black Beard.

Please note my Sunday review of the coin market versus the future market.

All the best,
Jim