Not only did I shudder, THC, I saw Argentina as the proverbial last sucker to get into this dollar strength stage. Kinda like gold on the front cover of TIME magazine curse.
Tis obvious to me now, with Bill Murphy's special alert commentary, and this article about Argentina that the top is IN for the dollar, for all practical purposes.
The other alarming thing to consider is this:
If every man/woman/child in US were to get their equal share of the current available amount of currency in circulation GLOBALLY, (yes, it includes the optimistic extra $50 billion being currently printed in Y2K panic prep by the Fed) we all would only get $75.00 per each.
And that is for the total amount in circulation globally.
Now, if one were to look even further, since only approximately 34% (according to National Association of Individual Investors data) is currently available and circulating as normal "event" in the USA borders properly, then we each would only be able to get our hands on approx $25.50. Yes!!! $25.50
To put it another way:
if each person who is stashing $5,000 would do the math, they would find they are knocking approximately 195 other USA citizen's out of their $25.50 entitlement.
Now, add Argentina's new desires/plans to the list, and we have
inflation in unprecedented percentages staring is straight in the face. And all those trying to discredit gold, ala Greenbritches, don't stand a chance, with those of us who can still weild abacus or
pencil and paper to calculate numbers.
All goldbugs with fingers and toes, RISE UP and spread the word...
GET YOUR $25.50 now, whilst you can!!!
'Tis is the reason so very many are buying gold american eagle coins and pre 1964 silver. They are acquiring hard money with fiat money, and returning that scarce fiat to the banking system for others to hoard or do the same likewise with, all the while maintaining their own asset accumulation value in hard currency.
My question is this:
when the extra (Y2K prep) $50 BILLION is currently requiring 24/7/365 flat out printing schedule, just WHERE/WHEN does Argentina think we're going to gleefully work them into the existing printing press schedule? |
