As predicted by me about a decade ago, with 2020 foresight, when the price of gold gets up to "OMG the US$ is in trouble level of $2000", a Moai culture of excavating dirt and rock to obtain gold would divert people from sensible efforts to atavistic Aztec ways.
Pueblo people lived in huddled high rise masonry abodes to avoid the depredations of nomads dwelling horizontally. Much like Hong Kong - where stacking cement is a popular activity, to avoid the depredations of barbarian horizontal dwellers further afield. Spread out horizontal life is much more pleasant, especially near clean beaches and with wide horizons in clean air, but that would mean the barbarians could wander in to take possession of gold stashes.
Now, it has come to pass. The gold culture is booming as America's and Big Ben's cultural weave unravels.
With fiscal cliffs, eminent domain, entitlement entreaties, populist plundering, monetary dilution, financial relativity theory hyperdrive, Black Scholes implosion and Greek economic planning, gold culture could yet be accelerated to $10,000 propulsion power.
It is probably unwise of Islamic Jihadists to think they have the free world on the run just as the free world runs out of free and starts to get angry and impoverished. While the west was wealthy and careless, the tolerance of Moslem culture and peace in our time was doable. But a lot of tolerance was used up when the Twin Towers collapsed.
The Year of the Dragon is the Year of the Snapdragon. Tomorrow is another day. Something other than mobile Cyberspace and the latest iPhone might capture attention.
The gold bubble is well underway with irrational exuberance like the internet bubble of late last century at the beginning of the Cyberspace era. Note that Y2K and the bust marked the beginning of Mobile Cyberspace, not the end. We will not be going back to the Aztec era. We will not live like Pueblo people. Gold has a short half-life.
Mqurice |
