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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: orkrious who wrote (13044)5/2/2004 5:50:42 PM
From: gregor_us  Read Replies (3) of 110194
 
The Most Over-Arching Aspect of the Problem orkrious

is that the world believes it cannot afford a financial crisis in the United States. The United States knows this implicity in Washington and somewhat unconsciously in our people. We borrow and print with abandon because the world keeps letting us get away with it.

It's a terrible state of affairs. And as you know it's been building for decades, and each time it appears it cannot go on any longer--it does.

"I can't go on. I'll go on." --Samuel Beckett

For gold to go up in a very bad financial environment--which we are already in--makes sense to me. Gold threatens to strike in a world where relative weakness is appearing in our own currency for myriad reasons. Lots of things can get alot worse and I can see gold performing there.

But for gold to go up when absolutely everything else is going down--and I mean everything (which I think is what you mean) I think requires the world to call our bluff, and as I have said "call the loan." This means a financial crisis in the US with lots of things blowing up on a daily basis from home foreclosures, to a panic in the treasury bond market, etc.

All I'm saying is the world has proven it has a huge stake in not letting that happen.

Remember I'm speaking here about what I think will happen, not what should happen.

What should happen is that basically as a country we are like a college student gone on a wild credit card rampage--and we should be arrested, and forced to mow lawns for 3 years before being allowed to go back to school.
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