small-medium Canadian golds, highcost production
got no margin, no options
I believe we are seeing early stages of financial earthquakes
those who ignore will be sorry
what happened to Argentina will be repeated elsewhere
Argentina's entire banking system broke down, defaulted, failed
they pegged their Peso to the US$ and got killed
half of the nation's individual savings accounts were wiped out
most American investors dont even know about Argentina
maybe Douglas doesnt either
the next big banking failure might be Brazil
an utter basket case which cannot withstand deflation forces
their default will ROCK THE WORLD
their debt size is 4x larger than Argentina's
and they are teetering now
most debt is held by major NYCity, German, London banks
I expect a currency crisis, the likes of which never been seen
when the world's reserve currency (US$) experiences serious declines,
take it as a warning that serious world banking problems are next
since 75% of world reserves in foreign banks are in USTBonds
that is utter insanity
I expect the only recourse for GreenMan is to encourage 1980-style inflation again
that will cheapen our horrendous debt burden
until he gains traction, and that may take a couple years,
we will witness unprecedented debt collapse
it is accelerating under our noses
but most dont understand the gravity of the debt situation
this recession is much more similar to 1929-1932 than any recession since WW2
it is based upon deflation, debt liquidation, excess mfg capacity, excess product inventory, and falling prices
GreenSpasm and our USA nation require that the Fed prevail
we MUST win over deflation, or else repeat Japan's story
and that is good for gold
actually, I have 20 reasons why GOLD WILL RISE
most economists dont understand half the reasons
would you like me to post the 20 REASONS WHY GOLD WILL RISE?
/ jim |
