SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: clochard who wrote (156444)9/4/2011 11:30:13 AM
From: ChanceIs2 Recommendations  Read Replies (2) of 206093
 
>>>Or will it just be another war, maybe bigger this time to distract and kick the can down the road?<<<

Strong possibility for another war, IMO. Also in the opinion of Marc Faber. Just between you and me, I would listen to Faber before I would listen to me. But my beard is turning gray.

The United States is insolvent. That cynical ZeroHedge just pointed out that we have blown through the first $400 billion of the stepped debt ceiling increase. I guess that means we have to vote on the Balanced Budgt Amendment tomorrow - or some-such.

But more to the point, You can't fight a war w/o currency. The soldiers like to get paid as well as the arms manufacturers. When you are insolvent, from where will you get the cash? If you have a press - and we do - then you print it. What happens if you print?? Gold, silver and the other commodities go to the moon. Been watching gold recently? Oil is in a funny zone here because it is still traded in dollars, and the dollar being the most handsome horse at the glue factory is rising on the Euro plague. But that will resolve in some form within six months and crude will rise on a falling dollar.

BTW: It takes a lot of crude to fight a war, and where the war will be fought - think Iran - is probably an oil producer. All of those bombs tend to wipe oily infrastructure (see Libya.) And then there is operation Nero (see Hitler/Speer/scorched earth; also Saddam/Kuwait). You know - increased demand and falling supply.

So what to do??? Take the advice of Nathan Mayer Rothschild:

"Let us accept things as they are, and profit off the folly of the world."

( see also Rothschild/Waterloo)

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News