<<German banking structure versus United States
in regards to truth, lies and paper money>>
Doug,
My opinion is that US are fearing most outflow of the foreign capital from here. The whole bubble was in big part created by the inflow and conversion of all kinds of currencies from around the world into the greenbuck. When the bubble bursted natural reaction from the foreign investors should be withdrawal from US. This would happen long time ago, but there is no alternative, or maybe better there WAS no alternative. Even the country of biggest money savers (Japan) came under scrutiny last week and their credit rating might be downgraded. Germany as #1 player in EC and euro will be exposed to the same scrutiny. IMHO US will fear less gold turning slowly into "safe haven" than any other currency. Finally they were the only ones of major holders who never sold the gold. (at least officially). US has huge negative trade balance, falling dollar might put them under even more pressure, inflation, etc. The first step was done already, gold rose, dollar remained high even with the continious slide on US stock exchanges.(No recovery here). The countries like Germany,(euroland), Japan are not ready and will not be for a long time to come to become investors dreamland.
marek |
