The stage has already been set. The East knows the West has bankrupted. They know we have no gold left because they have it! They can see the finances of the various cities, states and federal government. They know the situation in derivatives is one giant mountain of dynamite waiting for a spark. They know our rule of law is gone and bail ins of depositor funds is next. We are monetizing their sales of Treasury securities. “We” are fooling no one except ourselves. And by “ourselves” I am talking about the vast majority of the population who have grown to rely on the government for everything.
Everyone knows we are broke, yet ask anyone and the odds highly favor you will hear “the government will never let it happen”. Even if you are silly enough to believe this you must ask yourself, what are the ramifications when markets become “make believe”?
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Article if full @ JS MineSet
"...the government will never let it happen.”
ReplyDeleteThat is true. They can't 'let' something happen, when they're the ones who made it happen in the first place.
Trump! Trump! Trump!........Just Bring It!
We're tired of waiting. If truly there ever were shovel-ready jobs to be had, it'll be Donald Trump who makes it happen.
Central Alabamaian
If truly there ever were shovel-ready jobs to be had, it'll be Donald Trump who makes it happen.
DeleteAbsolutely.
Get your money out of the banks before they charge you just to keep it there.
ReplyDelete:)
DeleteChina may have a lot of our gold.....but it isn't helping them all that much. Their economy is no better off than ours is, they are merely more capable of hiding that fact than we are. And Japan has had a 'zombie' economy for 2+ decades. They are a not the economic force they used to be. The REAL economy that we should be aware of is India. They have a strong industrial base and a LOT of wealth held by individuals as gold.....as a society storing wealth in the form of gold is a centuries old practice. When things go tits up elsewhere India may be poised to ride things out with the least amount of damage.
ReplyDeleteYes and Vietnamese are great believers in holding gold also.
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