ESSENTIALLY THE US ECONOMY IS NOW BANKRUPT...
IT IS A HOLLOW SHELL...THAT WAS LEVERED 30 AND 40 TIMES ....
THE ONLY THING HOLDING IT UP IS FED MONEY PRINTING...!!
THIS PLUNGE WILL NOT END UNTIL THE PRICE OF GOLD STARTS GOING UP TO REFLECT A REALIZATION THAT THE US IS ON THE VERGE OF HYPER-INFLATING IT'S CURRENCY...
RIGHT NOW THE MASS SELLING AND FORCED LIQUIDATIONS ARE "FORCING" EVERYONE TO SETTLE THEIR ACCOUNTS "IN DOLLARS"....
AND THAT IS HAVING KNOCK ON CONSEQUENCES IN SMALLER ECONOMIES WHO WILL SOON BE FORCED TO DEFEND THEIR CURRENCIES...
THIS BLOOD BATH MAY BE IN THE STOCK MARKETS AND COMMODITIES PITS NOW...
BUT IT WILL MOVE TO THE CURRENCY MARKETS SOON....
GOLD IS A MASSIVE BUY ON FURTHER WEAKNESS...ONCE THE HYPER-INFLATION SCENARIO IS EXPOSED IN THE US....
AND THAT WILL LIKELY OCCUR WHEN THE PANIC SELLING STOPS...WHICH IS A LONG LONG WAY OFF...
REMEMBER WE HAVE NOT EVEN STARTED TO "RATIONALIZE" CREDIT CARDS, THE US BUDGET DEFICITS, THE "OFF THE BOOKS" WAR SPENDING, AND THE MASSIVE ENTITLEMENTS WHICH ARE ALL "TOO BIG TO FAIL!" NOT TO MENTION THE TRADE DEFICITS AND THE MASSIVE CHINA MONEY HOARD WHICH IS ON FIRE NOW!
"TOO BIG TO FAIL" IS THE CURRENT FALLACY...AND IT WILL TRASH THE DOLLAR SOON...PROBABLY IN THE NEXT FEW MONTHS...
ESSENTIALLY, THE US "SHELL ECONOMY" IS BEING BROUGHT DOWN NOW...RATIONALIZED...AND FORCE TO ACCOUNT...
AND THERE IS NOTHING ANYONE CAN DO ABOUT IT...
IF RATIONAL ECONOMICS HAD BEEN ALLOWED TO WORK...ABOUT 10 YEARS AGO...THIS COULD HAVE BEEN AVOIDED...
BUT INSTEAD THE GLOBAL ECONOMY "DRANK THE KOOL-AID" THAT GREENSPAN, WALL STREET AND WASHINGTON PASSED OUT...
AND NOW THE KOOL AIDE IS STARTING TO WORK...AROUND THE WORLD!
ONE YEAR FROM NOW...GOLD WILL SEEM LIKE A STEAL...AT TODAY'S PRICES...
WHEN THE PLUNGING DOLLAR FINISHES THE JOB...AND THE HYPER-INFLATION KICKS IN...
HOW BAD WILL IT GET... PROBABLY TOTAL COLLAPSE...
IMAGINE IF WIEMAR GERMANY HAD BEEN IN THE GLOBAL DRIVERS SEAT IN 1922....WITH MASSIVE DEBT AROUND THE WORLD...(WHICH IT HAD TO SOME EXTENT)...
REMEMBER IN WIEMAR IT WAS THE CUTTING OFF OF CREDIT GLOBALLY THAT REALLY KICKED UP THE HYPER-INFLATION...AND CAUSED THE COLLAPSE...WHICH EVENTUALLY LEAD TO THE GREAT DEPRESSION...
THAT IS HOW THIS ENDS... WE HAVE AN HISTORICALLY RECORD TO BACK THIS UP... A SERIES OF UNFORTUNATE EVENTS IS NOW STARTING.
