Can the market masters pull off a Gold Bashing to save the dollar...?
We'll soon find out. But the notion that the dollar can only be saved by Gold Bashing is not a long term solution. Sooner or later Bernanke is going to have to raise rates to late 1970's levels...simply because we have a late 70's problem to deal with... And unfunded war, massive economic looting by international capital, and a populist Congress...
THIS IS ALL SO 1968 THAT IT'S AMAZING NO ONE HAS NOTICED!
The dollar is simply going "off gold" again like it did in 1971...and there will be consequences just as there was in the 70's and early 80's. Looting by the elites and bad fiscal and monetary policy in Washington can not go unpunished forever.
