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to the editor from this week's Chronicle To the Editor, We wish to publicly laud the organizers of the Cottonwood Summerfest for producing this fine event. The months and many hours of hard work behind it demonstrate dedication in providing this for the community is greatly appreciated. It just so happened that our weekend guests were a family from western Washington who, although not coming here for the event, enjoyed it tremendously. Such events are not held in their city of residence where the egg toss, goldfish race, ping-pong ball drop and watermelon eating contest certainly would not occur. All were firsts for the young family. We’ve been told their time in Cottonwood will be memorable for a long time. Thank you, Cottonwood Summerfest, for this well-organized, entertaining, and welcoming event. Frances Conklin Dennis Sullivan Redneck Review! No. 379 - 7/31/22 What a difference reliable information makes! Students and friends of mine from the 1960's until the present time know that I have been pushing silver as one of the best LONG RUN investment tools one can acquire during the last half century plus! And many a time over that same time period, a friend of mine, or former student, has confronted me, saying "I took your word for it and am giving up! Have waited too long for the price to explode, so have dumped the investment in it I made, and have turned to something else!" Well, readers! At my shaky old age of 85, I am giving you one last look (unless maybe I live to be 100!), at why I stubbornly claim that in turbulent times like we are experiencing, silver has the best claim to be an asset one will be very glad is owned, regardless of what happens in the future, be it from the extreme of a 1930's depression which could have some of us scraping road kill off of the hiways to survive, to a hyper inflation period like has hit Venezuela today and post war Germany's Weimar Republic. No time will be taken here to describe just how bad the money situation got in those two classic hyper inflation countries, but for the uninformed, just a few decades turned thriving economies into starving and struggling for survival nightmares. Do your own research to get a true picture! And frankly folks, evidence says we are going there! Background. A two-week session at the Foundation for Economic Education in the 1960's for the first time introduced attendants there to the Austrian School of Economics, based on the thinking of Ludvig von Mises and his book HUMAN ACTION, and his important American fan Leonard Reed. Simply put, any lover of freedom will endorse completely the theme promoted there that a surviving and prosperous economy MUST limit its production to the choices made by customers when they open their pocketbooks to buy what they want or need. ALL OTHER economies which depend on governments, big banks, experts like John Maynard Keynes, or unions for wage support, etc. will in the long run become over regulated and tinkered with until collapse is inevitable! A close study of history, old and present, confirms this conclusion. So, from hours, months and years of reading and studying, I make the following predictions! Should a serious depression hit us, silver is one of several trade items that have historically been valuable for barter and exchange, better even than gold, because gold is too valuable, and not divisible for small purchases! This has proved true throughout bad times in history! Should our country suffer from hyper inflation which is truly possible at the present time, due to our unmatched creation of trillions of paper dollars, and our mountains of growing debt, silver is the best asset you can own. Reasons follow! 1) From a historic ratio of 16 oz of silver to 1 oz of gold, 16/1, silver lost value during the early days of our country, valued at 35/1, until today the ratio is an unbelievable ratio of 87/1, so it takes 87 oz of silver to equal the price of one oz of gold! And ten pages will not suffice to list all of the modern uses of silver: All electronic circuits, electric cars, solar panels, computers, the list goes on and on! Gold? Chiefly, jewelry, currency back up, and investment metal! 2) Silver is the most underpriced asset on the market today! Why? A five page reason required to document the price manipulation which has gone on for decades, first by J.P. Morgan who acquired nearly 2 billion oz. of stored silver using shorting procedures to acquire physical silver, only forced to stop by court action, but now the same method is used by Bank of America! 3) Silver priced near $2, 65 years ago. when I first bought, as late as near $5 around 2000, and has ranged between $15,50 and $30 the past five years. It reached $50 oz around 1980! (Space gone!) Call me, 208-962-3576, for predictions that silver will hit $100, $1000, or even someday match the price of gold in our wild inflationary and "Go Green" economy tomorrow! Jake Wren
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