It is also very clear that they are trying to force people to take fiat paper to protect their capital, rather than gold.
Hmmm..., what constitutional obligation do they, or we, have to protect a specific part of the mining sector, namely gold mining??
Gold is officially on the Treasury's books at $42/ounce. That should frighten you even more.
An increase in the price of gold would be a good thing - it would suggest that the world's present economic mess is not as bad as many of us believe.
How do you figure that??
In my estimate, gold rising strongly would initially hurt the Dollar, making it weaker vis-a-vis the Yen & Euro. They currencies would then become more valuable in relation, thus hurting their ability to export until they are able to properly restructure.
That, in turn, would case their economies to contract, definitely locking Japan even tighter into its liquidity trap (can't lower rates to weaken its currency and stimulate growth).
A rising POG would benefit the world's economy?? Not a friggin' chance.
Regards,
Ron |
