Despite the recent 'rhetoric' from the current administration (merely hot-air; what do you expect them to say anyway? that they need to devalue the dollar to pay off the mountain of debt we are buried under? Nawww...the talk is 'strong dollar' and ready to 'blah-blah-blah' as if anyone in their right mind or who can think would actusally bekieve them), the world continues to vote against the Dollar with their feet.
- The fact that US retailer orders to China for the upcoming holidays are off by 50% is another vote on economic policy vs. the reality on the street.
Policy 'stated' via the media is a lie...the real policy is to break the dollar. Make no mistake.
- Apart from 'talking' has anyone actually seen anything tangible 'done' in defense of the Dollar? No you have not, because the ONLY thing that has been done is what our con-artists politicos are best at...talking.
The big keno table brought to you by Benny-Timmy-Larry and headed by Obama does not conceal the HUGE risk being laid upon the taxpayer due to the Fed accepting any-and-all toxic trash in exchange for freshly-flung (ink still wet) fiat currency.
There is absolutely NO intention of stopping this MONETIZATION of our debt, nor could this train wreck be stopped even if they wanted it to...it is far too late for us.
There will be no unwinding...at least not a controllable one.
The government has brought us all deflation in the short-term, inflation in the long-term, and rising unemployment (running at double the reported rates).
The very next bubble to pop will be USG bonds. Walk away now. Quickly. It's going to be messy.....
Sunday, 11 October 2009
NO intention of...........from Rico
From Theo Spark at 16:12
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Invest in gold, silver, and lead...
And the lead should be tastefully combined with brass.
More and more are now realizing it's not a question of whether, but WHEN.
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