maverick4

ljuneau

Great article! Thanks for posting this.

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“If you have been voting for politicians who promise to give you goodies at someone else's expense, then you have no right to complain when they take your money and give it to someone else, including themselves.” ~ Thomas Sowell

PressCoverage

I touted gold years ago when I joined this board and others like it, and was laughed at for suggesting gold would soar past $1,000. It is rising rapidly, but the only reason gold hasn't skyrocketed to $1,500-plus is suppression by the Fed.

Real World

The manipulation of interest rates, and their artificially low figure for the last10+ years, has been a sizable chunk of the problem. Too much cheap money, for far too long.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

maverick4

If gold ever hits close to $1500, watch out. I've read that multiple analysts say that is about the tipping point where it signals the world is saying bye for good to the dollar.

mcgraw_wv

"They" had to do something to water down the pensions and 401ks and other retirement vehicles for the baby boomers before they began to collect on them.

It's almost too perfectly planned, take a generation of "Anti-Establishment" youths, the largest ever in the country, and then turn them into the most lock and step work force ever, grow the economy into the largest ever, then pull their retirement out from under them right before they begin to collect on the establishments promises of a good life if you just dedicate your life to the machine...

Perfectly well played establishment... well played indeed.

maverick4

Not sure how it can be called well played, when once people realize what happened there will be a revolution.

Real World

The bottom line is that out of control gubmit is to blame for the problems we see today. Whether it's a gubmit that has artificially manipulated rates that's helped to create the credit based, bubble economy, or one that can't manage money efficiently enough, that it disintigrates the value of the currency.

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To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

PressCoverage

it goes a lot deeper than toying with interest rates and partisan blame gaming...

Those are all functions of the root cause. When will people acknowledge the geology, and the myth that is "infinite growth?"

alvinnf

People buy gold when inflation is impending as a means to hedge their investments. I don't know if the dollar is going to crack, but I can safely say inflation is on the way!