A critical juncture for Gold and the U.S. economy -
from the author of -
"The ABCs of Gold Investing:
How to Protect and Build Your Wealth with Gold"
The dollar under siege -
by Michael J. Kosares
"Under the placid surface there are disturbing trends:
huge imbalances, disequilibria, risks --
call them what you will.
Altogether the circumstances seem to me as dangerous -
and intractable as any I can remember,
and I can remember quite a lot.
What really concerns me is that there seems to be so
little willingness or capacity to do much about it. . .
We are skating on thin ice."
- Paul Volcker, Former Chairman of the Federal Reserve
"[W]e live in a globalized environment and in a country
which has enormous fiscal and external deficits.
So you have to figure out some way --
which I have not done I might add -- to protect yourself -
if we should have a real currency problem here."
- Robert Rubin, Former Treasury Secretary
From time to time I update this short study - the nuts
and bolts of which first appeared nearly ten years ago
in my book, The ABCs of Gold Investing:
How to Protect and Build Your Wealth with Gold.
You might think it odd that I would update -
the same study on a regular basis, but the fact -
of the matter is that the message -
(and its value as a primer) hasn't changed -
since the book was first written.
ABCs gold bookFor the uninitiated, Disturbing Trends
explores the primary reasons why the economy and financial
markets have become so volatile and unstable.
It also exposes the reader to the reasons why gold -
has come to play such a prominent role in -
the contemporary investment portfolio.
For the veteran gold investor, this study serves -
as a refresher course on why you added gold -
to our portfolio in the first place -
and encouragement to stay the course.
NXG Schart TA Signal new bull wave start -
NXG normal fibs correction done 62% of last bull wave -
NXG new wave trend will be 162% of previous correction -
Derivatives cloud U.S. economic outlook: IMF
Soft-landing still most likely outcome, but risks remain
Last Update: 3:09 PM ET Aug 1, 2007
WASHINGTON -- The growth of derivative markets is making
it more difficult to assess the vulnerabilities of U.S.
financial markets and the risks to underlying economic
activity, according to the latest report on the U.S.
economy released Wednesday by the International Monetary Fund.
The report is an update to an IMF paper on the U.S.
economic outlook released in June, and concluded that
a soft-landing remains the most likely scenario, although
there were risks of slower growth as growth remained near
a stall speed. See full story.
The updated report included comments from the IMF executive
board members.
A key factor underpinning the soft-landing scenario is
that financial conditions remain supportive to growth.
The IMF said despite the latest bout of volatility,
financial conditions remain easy.
But a big concern for the IMF board was that rapid
innovation in financial markets had created an opaque
outlook for risk.
"Financial innovation has complicated risk assessment at
a time of higher risk taking and deteriorating lending
standards in some sectors," the board noted.
(often to complicated when the 666 don't want to tell
how bad it is?)
"As financial conditions tighten, unanticipated risk
concentrations and links across markets could come to light,"
the IMF said.
The IMF said that derivatives have reshaped the U.S.
financial sector.
The income of banks and other financial firms has
increasingly moved towards bundling and servicing
specialized derivative products instead of holding loans.
The IMF staff report said the U.S. financial sector has
been reshaped into an "originate to distribute" model.
Fyi. ex....
Derivatives, as Warren Buffett has described them,
are financial weapons of mass destruction capable -
of taking down and destroying the global -
financial system.
GATA has said the banksters have sold Gold deriv.
futures etc,,, in more > 30 trillions short -
and leased out Gold etc,,, they don't own -
all to manipulate the POG markets for more -
than the last 20 years? -
If the derivative market implodes as I think it
will eventually, the financial markets will
cease to exist in their present form.
Investors and speculators will be looking for
GOLD & Platinum PGMs stock as a safe haven -
occ.treas.gov
Ex. more NXG info....
siliconinvestor.com
siliconinvestor.com
siliconinvestor.com
Imo. Tia.
God Bless America
Ps.
Gold & Silver - The Only Real Money Standard =
not paper, not electronic credits, not chips and
not polo-ticz fiatz or 666counterfeitz -
siliconinvestor.com |
