There are huge deflationary forces, China, lack of jobs, bursting of bubbles and so on, but on the other hand, the FED will do whatever it must to counter that. I wish I had said this first, but the FED will inflate or die. Who knows how this will break, but when it does, inflation or deflation, the little guy will get hurt badly.
Not only is the Chinese currency tied to the US dollar, you might as well include the Japanese YEN. With all the intervention they have done, they might as well be pegged. And they are probably not alone, with every country tweeking their currencies to stay competitive in the US export game.
Here is one of Van Eden's article:
paulvaneeden.com
taken from his website under "commentary" which is free:
paulvaneeden.com
You can hear him speak on this weeks Puplava's offering,
netcastdaily.com
You can see his name amongst others on that page, but the actual interview is in the 2nd hour, so you have to navigate a bit which may not be to your liking or interest, especially as this time Puplava has a 4 hour program.
$2000 does seem a little rich. |
