Thanks Al.
The story about CJD and the placental "diet" is interesting. In fact, I have just emailed it to a friend of mine from the UK who is always telling us that SAfricans must watch out for Mad Cow Disease. Ironically, it seems like he's the one at risk.
As far as the other site is concerned, I do recognize extracts from Nostradamus which seem to do the rounds from time to time.
Also that chart from 1929+ which is frequently shown, especially by those who believe in long-term cycles and who also believe that history repeats itself even though the circumstances may be different. That being said, the DOW does look awful:
stockcharts.com[h,a]daclyiay[dc][pb50!d20,2][vc60][ill14!le12,26,9]
I have always understood that the reason for the market collapse of the 1930s was deflation and that it would have been avoided if the US government printed more money and created inflation.
Accordingly, I found this statement to be problematic:
"The price of gold and U.S. consumer prices are both showing signs of guess what? Inflation! Watch gold which appears ready to break through $325 in the next week or so."
Of course, I wouldn't object to the conclusion even if there are other reasons for it.
Meanwhile the CRB and the HUI have turned down.
stockcharts.com[h,a]daclyiay[dc][pb50!d20,2][vc60][ill14!le12,26,9]
stockcharts.com[h,a]daclyiay[dc][pb50!d20,2][vc60][ill14!le12,26,9]
I also find this statement interesting:
" ....what we see now is a new kind of international competition for investment capital shaping up. When capital is in short supply, the bidding up occurs through the mechanism of competing higher interest rates."
Then how come the USD is so firm, and possibly rising, notwithstanding historic low interest rates? And, if foreign investors find US rates attractive does that mean the US is still paying too much for the money it borrows?
quotes.ino.com
Further, if US rates are raised, then where's the inflation --- and the economic recovery?
Indeed, it strikes me that US interest rates which are high enough to attract foreign capital are too high for the US economy.
There is a conundrum, possibly a kaleidoscope, in which one can see whatever one wishes to. And clearly, the "equation" is far more complex than anyone understands --- including the "experts" who are trying to "balance" one factor against another.
And, as I have said before, one cannot treat cardiac failure just by messing around with the blood volume (ie money supply). If the patient is to live, the power of the heart, (ie the power of the economy to employ, produce and export) has to be restored. |
