THE BIG NEWS YESTERDAY WAS THAT GOLD HAS QUIT FALLING...AND ROSE NICELY IN THE WAKE OF MORE SERIAL BAILOUTS AND MONEY PRINTING BY THE FED...
THIS ENDS THE "ANOMALY" OF FALLING GOLD....AND RESTORES SOME BASIC ECONOMICS 101 TO A SYSTEM THAT WAS IN TOTAL PANIC MODE FOR MOST OF THE WEEK...
EVENTUALLY SOME INVESTORS AND INDEED GOVERNMENTS WILL REALIZE THAT ONLY GOLD AND GOLD RESERVES CAN SAVE THEM...FROM THE COMING HYPER-INFLATION AND INEVITABLE DOLLAR COLLAPSE...WHICH IS REALLY WHAT THIS WHOLE EPISODE IS ALL ABOUT!!
THE FED IS NOW NATIONALIZING THE INSURANCE COMPANIES... LAST WEEK IT WAS THE BANKS...WHICH ARE HAVING THEIR M&A ACTIVITY FINANCED BY THE US TAXPAYERS... ARE AUTOS NEXT...THEN THE PUBLIC PENSION PLANS...THEN THE PRIVATE PENSIONS PLANS...ETC ETC...!!
IT IS OBVIOUS THAT THE US ECONOMY CAN NOT BE SAVED...
AND THAT THE SERIAL BAILOUTS NOW ON THE BOOKS...AND YET TO COME WILL CAUSE A DISASTEROUS HYPER-INFLATION OF THE GLOBAL ECONOMY...AND COLLAPSE OF THE DOLLAR...
GOLD IS STILL A MASSIVE BUY HERE...
SLOWLY SLOWLY RATIONALITY IS RETURNING.... SOON EVERYONE WILL JUST BE WATCHING OUT FOR THEMSELF....IE "BEGGER THY NEIGHBOR"....
ONE OF THE BIG FALLACIES OF THE CURRENT GENERATION IS THAT THE GENERATION OF THE 1930'S...."DID IT WRONG"...!
THEY DID NOT! THEY FOLLOWED THE SAME LOGIC THAT WE ARE AS THEY THEN...AND US NOW...INEVITABLY GO DOWN THE ECONOMIC RAT HOLE!!
PUT ANOTHER WAY....THERE ARE NOT MANY CHOICES LEFT FOR THE FED AND WASHINGTON...
AND ALL THE ROADS LEAD TO RUIN... WHICH IS THE PREDETERMINED CONCLUSION...
