GOLD: Something has to break

Wednesday, October 10, 2012

http://usawatchdog.com/dollar-alternative-anyone/

Home » Economy, News, Politics
Dollar Alternative Anyone?
29 FEBRUARY 2012 87 COMMENTS
By Greg Hunter’s USAWatchdog.com

Countries around the world have been actively seeking ways to not do business in dollars for the past few years. The U.S. dollar is the so-called world reserve currency, but the big question is for how long? China and Japan are beginning to shun the dollar in trade between the two countries. Mind you, this is the 2nd biggest economy in the world doing business without dollars with the 3rd biggest economy in the world. Russia and China, also, have an agreement to not use the dollar, and even India recently announced it would trade gold for oil with Iran. Additionally, the International Monetary Fund (IMF) has been calling for an alternative to the buck. The big push is not because the U.S. dollar is held in the highest regard but because it is losing its luster on the world stage. After all, the debt debacle facing America is worse than what the Greeks are facing according to a new report from U.S. Senator Jeff Sessions. (Click here to see for yourself.) Senator Sessions says every man, woman and child in the country is saddled with $44,000 in debt.

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So what is a poor retiree to do?

Your retirement savings get no interest. The stock market is dependent upon the inflation that the FED is pumping into it. And, that inflation has to come out somewhere — barf with the world rejecting the dollar as reserve currency or fart that inflation into the economy.

We have examples of hyperinflation in other countries. I lived through the Carter inflation of the 70’s.

Nickels, silver, and gold.

Seems obvious to me?

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GOLD: Western Economies Are Screwed

Tuesday, October 2, 2012

http://www.businessinsider.com/deutsche-bank-issues-a-terrible-warning-on-the-health-of-the-global-financial-system-2012-9#ixzz276ey6kNP

DEUTSCHE BANK: Western Economies Are Screwed, And Investors Face A ‘Disturbing Paradox’
Matthew Boesler | Sep. 20, 2012, 12:54 PM 

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In a new report entitled Gold: Adjusting For Zero, Deutsche Bank analysts Daniel Brebner and Xiao Fu paint an incredibly dark picture of the bind the global economy is in right now.

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Regardless of who wins the US elections, we are faced with a situation of Japan in the 80’s. It will take two generations to unwind the excesses of the past half decade.

  • A rotation out of the US dollar as the world’s reserve currency will effectively put the USA politician’s on a fiscal “diet”.
     
  • Gas prices are going to cripple the middle class.
  • The public pensions will cause a crisis as there are far more takers than makers.
  • The “free riders” and those on the dole, including Social Security, will make final discipline impossible.
  • The class warfare will end with the makers, like the Little Red Hen, just stop making; can’t take what isn’t made.

At some point in time, “We, The Sheeple” will recognize that they are being killed; not merely shorn.

That’s when the merry go round stops.

Gold, or nickels, is your best bet to survive.

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