Russia backs return to Gold Standard to solve financial crisis
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Anything that moves the world off the US Dollar as the world’s reserve currency is going to hurt us. The Chinese alone are holding 5T$. What do they do? Obama’s deficits are 2T$ in 2009 alone. Who’s going to buy that debt?
As always, it’s posterity who is going to be left holding the bag.
What can us little folk do? Buy bullion gold coins, take delivery, and “bury” them at home as part of your “savings”. It’s the only investment option that gets you off the fiat currencies. Read about the pre-WW2 German inflation and the news reports out of Zimbabwe. It’s coming, the only question is when. Obama’s socialism and spending is going to make us all poorer, very quickly.
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Reinke Faces Life 