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The Federal Reserve is Responsible for the last 2 Decades of Economic Turmoil
1. Beginning with the Savings & Loan crisis in 1990, each engineered crisis is growing in intensity and carnage. First, there was the Internet bubble crash then the Real Estate bubble meltdown and now we are at the footsteps of an unprecedented acceleration of price increases in food and energy.
In 2007, commodity prices soared when there was actually a slowdown in the global economy. There was no reason for commodity prices to go ballistic at that time, except for federal reserve intervention. The price of oil went from $78 to $147. High gas prices actually burdened the average US consumer with an additional "tax" of five hundred billion dollars.
That 500 billion dollar "hidden tax" was ONE of many reasons, we are IN the current Great (NON) Recession.
(The US Dollar Index is Worthless)
2. On CNBC they often point to the dollar index and state that a weaker dollar is good for the export economy. Currently US Dollar index looks bad - but it actually means nothing because it is being compared to other world wide fiat currencies undergoing massive debasement. Worldwide central banks, seem to be in a currency death dance, racing each other to the bottom in the name of international competitiveness.
Gold and Silver is the Only way to test the Strength of our Currency.
The dollar is weakening against other currencies but when compared against the price of precious metals and raw materials we can see THE THE TRUE VALUE OF A US FEDERAL RESERVE NOTE
(GOLD AND SILVER ARE NOT EXPENSIVE)
3. The truth is Gold and Silver prices are just Getting Started. If you pay attention the public is selling not buying gold (cash4gold commercial)
What happened during the Internet bubble? The average Joe was piling into tech stocks and many individuals were giving up there jobs to day trade full time
And we all know what transpired during the last death throws of the Real estate bubble. People were buying at the peak 3, 4, 5, 10 home and flipping every WHICH way to make AS LITTLE AS 20,000
The common JOE, BUYS into manias...When all your neighbors are hoarding and trading gold, and telling you real estate is a waste of time and money, it may be the time to look at diversifying some your investments out of gold and silver.
WHAT I SEE PERSONALLY IS
10 years of Real Estate Stagnation & Depreciation &
10 years of Gold & Silver Appreciation
4 (JOBS ARE NOT COMING BACK TO THE US)
TO QUOTE Dr. Marc Faber: "COMPANIES would be out of THEIR minds, with health care reforms, government interventions and the uncertainty about future taxes in the US, to even consider expanding in the US.
Corporations are expanding in China, India, Vietnam, Bangladesh, Africa and Brazil. The business world is an international place today, and if you run a corporation, whether you employ 50 or 10,000 PEOPLE, you can choose where you invest your money in terms of capital spending.
Where do you want to expand factories? If I employed people in the US, I would rather think of reducing the 50 employees RATHER THEN HIRING MORE.
Thursday, October 14, 2010
Bob Chapman : The Gold Rally just started
BOB CHAPMAN-Dr Deagle Show 13 Oct 2010
Bob Chapman wrote on The international forecaster of 13th Oct 2010 : " What is the Fed doing with paper, Fed liquidity in question, the dollar will fall, no exit strategy for the crisis to come, worst areas still unregulated, forecasting strong gold and silver for the next four months, real inflation already a threat, IMF fails to deal with currency frictions.
The question keeps swirling around regarding the Fed and just how much Treasury paper they can buy from the market under current rules. Our guess is about $1.7 trillion. A good part of that may well be in notes, which will probably keep long dated rates low. On the other hand they may increase the current limit, and buy everything in sight. That probably means the 10-year T-note could fall from its current level of 2.50% yield to 1.5% yield and mortgages, as we stated before could fall to 3.38% on the 30-year fixed rate loan. This kind of spirited buying would tend to crowd out other buyers forcing them into corporates, foreign bonds, commodities and gold and silver, as well as back into the stock market. This kind of policy means major monetization, higher inflation and perhaps eventually into hyperinflation. Needless to say, this is a very dangerous game. A plunge into a monetary no man’s land. The liquidity that will be set loose in the POMO market will be enormous and the avalanche will begin early next year and it will cause asset price inflation. These antics will also suppress the value of the dollar forcing a test of 71.18 and perhaps breaking that long-term support level...."
read more >>>>
Mike Maloney : Gold could hit $15,000
Mike Maloney : Gold could hit $15,000 Mike Maloney a Rich Dad advisor sees gold as a great investment as well. In 6,000 years over 4,000 currencies have FAILED!! GOLD has never done anything but increase in value over time!! Every family needs to START SAVING GOLD NOW!! The future of the US Currency is not looking good at all right now, so saving GOLD only makes good business sense!!
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