weather icon Partly Cloudy

Letters to the editor of the Pahrump Valley Times

You can bet on more

Republican inflation

A new Republican wave of inflation has just been guaranteed by Trump Republicans adding another two trillion to the already out of control deficit spending.

I listened to Carl Icahn today and he said “our currency is being devalued as we speak.” A new republican depression is likely to come about in the near future. Today’s homeowners have mortgages to the tune of six trillion dollars. When they can no longer make their mortgage payments, they will be forced to move out of their homes, causing a severe depression to come about. However, there are some steps we can take to give us some protection.

Some good protection can be had by investing in gold, oil, land, and industries related to water, such as fishing and ships that move oil and other needed items. Unfortunately, incompetent Republican administrations cannot be responsible with paper currency.

The printing press money, backed by Republican hot air, is just too much of a temptation for them. The paper currency, which has been watered down by huge additional deficit spending, will decrease in value, causing hard assets like gold, land, oil, and certain water-related industries to have higher dollar amounts of worth. I, for example, will not invest in any note or bond that has its full repayment due several years ahead.

That is almost a guaranteed loss since the Federal Reserve will likely raise interest rates to curtail inflation, thus causing previously purchased bonds with lower rates to decrease in principle value. Oil is good because machinery and transportation that move our goods must use it. They don’t make more land, which is needed to grow food or graze livestock. Gold has always been a scarce and often an expensive metal and cannot be reproduced by a Republican printing press.

Of course, the Trump billionaires, Trump’s buddies, and the Russian oligarchs, knew all this before they decided to water down our currency. The Koch brothers, for example, are well protected with vast holdings of oil, land, gold, and industries to harvest the waters and also move the goods. Since we have to have these items, they simply raise their prices. And guess who pays? It is Johnny Lunchbucket, who so eagerly voted for Trump. Will Johnny ever learn or will he continue to be a victim of Fox News propaganda?

Information herein is not financial advice. Potential investors should consult professional sources before making investments.

Jim Ferrell

Valor Quilters thank community for support

As we begin a new year, the Nye County Valor Quilters would like to extend our heartfelt thanks for all the support the community gave us this past year through private donations and our fundraisers.

We want to especially thank Spring Mountain Motorsports and Mountain Falls Golf Course for their generous gifts for the Chance of a Lifetime fundraiser. We also want to thank the GI Store for allowing us to be involved in their Veterans Day celebration.

With your support, we will be able to award many beautiful quilts to deserving veterans in 2018.

Gratefully yours,

Nye County Valor Quilters

Don't miss the big stories. Like us on Facebook.
COVID-19 and how residents are ignoring the self-quarantine

Some residents of Nevada ignore the call for voluntarily self-quarantining and social distancing. There are still a lot of people out in the community, and traffic on the roads is still substantial. If you make a quick trip to pick up essentials at the grocery store, you will see that stores are still being overrun by shoppers madly searching for the ever-elusive rolls of toilet paper and paper towels. Head into a big box hardware store to pick up repair parts, and shoppers fill the aisles who have no idea what social distancing means. Bored at home and seeking something productive to do, homeowners have decided to occupy their free time by tackling projects around the yard and house. Signs around the stores asking shoppers to maintain social distancing are largely ignored by many as they go about their business. Yes, you will see some residents wearing surgical face masks. You will also see some wearing homemade masks of cloth or windsocks pulled up and cover their face and nose. Some shoppers, as they navigate down crowded aisles, will move to keep at least six feet between them and other shoppers. Then there are those shoppers who crowd in on top of you as stand waiting to check out without any regard to the prominently places signs asking them to stay back at least six feet. For them and for others who are not heeding the request to stay at home and for social distancing, the COVID-19 virus is not a real threat.

By the time we notice we’re hungry, it may be too late

“As the top U.S. watermelon-producing state prepares for harvest, Reuters reports, “many of the workers needed to collect the crop are stuck in Mexico …. Without the workers, crops could rot in fields throughout the country,” starting in Florida and California where major harvests begin in April and May.

It’s not the zombie apocalypse we were promised

For years we have all watched the movies and read the books about a global pandemic that would herald the end of mankind as we know it. When the virus was first reported, I was alarmed and was very glad that the president at least stopped flights from China. What happened next still puzzles me.

California Lottery

No one matched all five numbers and the mega number in the Wednesday, March 11 drawing of the California Super Lotto. The next jackpot will be at least $10 million.