Gold should be
rallyingtoday on news that a deal
to "avoid going over the fiscal cliff" is in the
works! After all, that means more shenanigans and
manipulation around the debt ceiling and deficit (ie., more
printing of money or pushing out of the debt), not an honest
effort to tackle these problems. Instead, Gold is sinking on
the news.Wouldn't gold be less
attractive if we actually "went over the fiscal cliff" and began
the long process of living within our means as a
country?
'By recklessly printing, borrowing and spending money, our
authorities are absolutely shredding confidence in the U.S. dollar.
The rest of the world is watching this nonsense, and at some point
they are going to give up on the U.S. dollar and throw their hands
up in the air. When that happens, it is going to be absolutely
catastrophic for the U.S. economy. '
It is symptomatic of the national condition of the United
States that the worst humiliation ever suffered by it as a nation,
- and by a US president personally,
- passed almost without comment last week.
I refer to the November 20 announcement at a summit meeting
in Phnom Penh that 15 Asian nations,
- comprising half the world's population,
- would form a Regional Comprehensive Economic Partnership
........... excluding the United States.
President Barack Obama attended the summit to sell a US-based
Trans-Pacific Partnership excluding China. He didn't.
- The American led-partnership...... became a party to which
no-one came.
Instead, the Association of Southeast Asian Nations, plus
China, India, Japan, South Korea, Australia and New Zealand,
- will form a club
- and leave out the United States.
The answer to the world's financial woes is for the creditors to
write down or write off the debt? Who will write off our debt
(the debt of the US), and if they do, will they still accept US
dollars as payment for goods?
Michael Gayed thinks "stocks are the new gold".
Interesting theory. I used to dislike this guy's
writings, but now I actually like his analysis -- clever and always
thinking outside the box.
What am I missing??
Posted by RichieD on 28th of Nov 2012 at 01:48 pm
A Giant Currency Superstorm is Coming to America
Posted by saturn6 on 29th of Nov 2012 at 03:50 am
'By recklessly printing, borrowing and spending money, our authorities are absolutely shredding confidence in the U.S. dollar. The rest of the world is watching this nonsense, and at some point they are going to give up on the U.S. dollar and throw their hands up in the air. When that happens, it is going to be absolutely catastrophic for the U.S. economy. '
More Here
R.I.P - The Dollar xxx - 20 Nov 2012
The day the dollar died.
Post-US world........ born in Phnom Penh
It is symptomatic of the national condition of the United States that the worst humiliation ever suffered by it as a nation,
- and by a US president personally,
- passed almost without comment last week.
I refer to the November 20 announcement at a summit meeting in Phnom Penh that 15 Asian nations,
- comprising half the world's population,
- would form a Regional Comprehensive Economic Partnership
........... excluding the United States.
President Barack Obama attended the summit to sell a US-based Trans-Pacific Partnership excluding China. He didn't.
- The American led-partnership...... became a party to which no-one came.
Instead, the Association of Southeast Asian Nations, plus China, India, Japan, South Korea, Australia and New Zealand,
- will form a club
- and leave out the United States.
http://www.atimes.com/atimes/Global_Economy/NK27Dj02.html
The dollar actually put a final stack in George Washington's Eye
Posted by zach06 on 29th of Nov 2012 at 07:51 am
14 days prior along with the rest of the country.
The Reason for Gold sell
Posted by acorn on 28th of Nov 2012 at 02:00 pm
The Reason for Gold sell off today was the Greek Deal was announced around 8:20am, which said that details will emerge next week.
You're kidding, right?
Posted by RichieD on 28th of Nov 2012 at 02:24 pm
The answer to the world's financial woes is for the creditors to write down or write off the debt? Who will write off our debt (the debt of the US), and if they do, will they still accept US dollars as payment for goods?
Title: Gayed's take Michael Gayed thinks
Posted by kalinm on 28th of Nov 2012 at 01:51 pm
Michael Gayed thinks "stocks are the new gold". Interesting theory. I used to dislike this guy's writings, but now I actually like his analysis -- clever and always thinking outside the box.
http://www.minyanville.com/sectors/precious-metals/articles/inflation-qe-qe2-qe3-quantitative-easing/11/27/2012/id/46141