Eating From the Wrong Side of the 'Shroom?

Alice Writes Us From Wonderland With Some Choice Words for the Maestro... Saturday, June 15th, 2013   Eating From the Wrong Side of the 'Shroom?   Enough Wonderland references to make Lewis Carroll's head spin... A conversation with a reader about the Maestro's entertaining post... Plus, the week's top five essays updating I.O.U.S.A.'s budget, savings, trade and leadership deficits...       One of the sexiest tech breakthroughs we've seen yet Four years ago, this revolutionary new device was little more than a far-fetched prototype sitting in a design lab… Less than three weeks from now -- on June 30 -- it could turn the electronics industry completely on its head -- making a lot of people a small fortune in the process… And as little as 18 months from now, the material behind it could play a part in everything from clean drinking water to blood dialysis -- making countless people a mountain of money as it does… Find out what it is -- and how you could cash in on it -- in this urgent presentation.       Peter Coyne, descending down the rabbit hole to recover a reckoner... Peter Coyne "Let me get this straight. "He starts out young and smart. A gold bug who understands the importance of a hard-money system; then he finds himself at the head of the Mad Hatter's tea party. He gives us decades of manipulated interest rates, a dot-com bubble, a Y2K bubble and a housing bubble." A reader emailed us Wednesday morning, and she was quite upset by the essay featured in Monday's issue, "The Gap Between Disaster and Prosperity". "I just fell through the friggin' looking glass all the way down to Wonderland," she spat at us. "I can't believe you would waste virtual ink reprinting Alan Greenspan's diatribe." No doubt our "Alice" was shocked that we would allow a former Fed chairman to grace the hallowed pages of The Daily Reckoning. Alas, she missed the point... "See," she went on, "I'd fallen asleep under a tree in this land of milk and honey once called 'America' and then, whoa! -- the nightmares just kept comin' at me so fast I couldn't even escape them by eating the dang illegal mushrooms: Obamacare, Benghazi and IRS targets; sex, lies and cellphone records; thieves, cheats and perverts in Congress; well, you get the picture. "Anyway, just when I thought my world couldn't get any more bizarre, I read this missive from Alan Greenspan -- who must think he's the White Rabbit or some sh*t... lecturing us Americans on... wait for it... wait for it!... the virtues of saving! SAVING! WT*? Did I read that right? "Hey, Alan! Did you eat from the wrong side of the 'shroom? You been smokin' Caterpillar's pipe?" The DR: Uh-huh... because a public official would have to be smoking something to say one thing and do the exact opposite. At least one reader seems to get it. "Gosh," he commented on our new, mobile-friendly site, "he espouses Austrian principles before and after he's the head of the Federal Reserve. And our leaders try to have us believe that the institution isn't politicized?" Don't let these names throw you off: Greenspan, Buffett, O'Neill or Laffer. Over the past week, we've revisited I.O.U.S.A. five years on. And each issue has updated you on the budget, savings, trade, and leadership deficits in America. Now at last you can have the brand new I.O.U.S.A. bundle -- including the special edition DVD and the 266 page companion book -- sent to your doorstep completely FREE... You won't even have to pay shipping and handling. Click here to claim yours. If after you consider the updates you find you still want to shoot the messenger, do it: dr@dailyreckoning.com.       What some pharmaceutical companies don't want you to know... See what this company is doing to protect you from some potentially deadly screw-ups… And why some are saying investors who seize the opportunity now could see gains of 13,233% or more relatively soon. At least take a look at what YOU could gain.       This Week in the Daily Reckoning...   "The Gap Between Disaster and Prosperity" By Alan Greenspan In a bizarre turn, the Maestro extols the virtues of savings. Human beings cannot survive unless they create provision for the future, and a goodly part of the provision for the future is in monetary terms. After reading it from the horse's mouth, you'll have to do a double take... "The Road to Squanderville" By Warren Buffett Mr. Buffett tells you the parable of Thriftville and Squanderville. Whatever you think of the Oracle of Omaha, the thrust of it is that if you own a lot of property -- in this case, an island -- you can trade it for the things that you consume every day... but for how long? "Deficits Do Matter" By Paul O'Neill When you become extended to the point that you can't service your debt, you're finished. So you go through a calamity -- you go through a terrible inflation, which is a way of having a national bankruptcy, and you destroy accumulated income and wealth. Here's why deficits upon deficits affect you... Why You're Reading the Oracle of Omaha By Addison Wiggin If you've seen some unlikely faces on the pages of The Daily Reckoning this week, there's a good reason for it. Important voices in the nexus between money, wealth and politics can be useful at best and entertaining at least...whether you agree with them or not... "On the Importance of Sound Money" By Arthur Laffer Sound money politics have gone the way of the dodo, and espousing the virtues of such policies falls on deaf ears. Yet there are still vigilant voices who stand up for what's right, however futile an exercise it sometimes seems. Arthur Laffer is one of those people.       Bye-Bye Fort Knox? For more than 75 years, Fort Knox has been a global icon of American wealth, power and fiscal security -- but that may soon change… It looks as though a new 'Fort Knox' is being created -- and it isn't in America. Can you guess who may be building it? Click here now to find out!         BE SURE TO ADD dr@dailyreckoning.com to your address book.       Additional Articles & Commentary:         To end your Daily Reckoning e-mail subscription and associated external offers sent from Daily Reckoning, feel free to click here to unsubscribe. By submitting your email address, you consent to Agora Financial delivering daily email issues and advertisements. The Daily Reckoning is committed to protecting and respecting your privacy. We do not rent or share your email address. Please read our Privacy Statement. For any further comments or concerns please email us at dr@dailyreckoning.com. 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