Ron,
<<I have been VERY CONSISTENT in expressing my belief that a wild
upsurge in the price of gold will undermine the dollar.
If the dollar is undermined, the stock market will crash.
If the stock market crashes, every other stock market in the world will crash (further), and Trillions of dollars (or equivalent) will be utterly destroyed and the global economy and financial system terribly
disrupted.>>
If the markets were healthy, this would not be a concern .... seems to me what you are saying is: "lets 'manage' the historic indicator of an unhealthy market (i.e., gold), pretend it is still healthy (i.e., indicating no economic problems) ..... then the markets will also be healthy". Kind of like giving morphine to a gun shot victim, and telling him he's all better, because he does not feel pain anymore. This is not only rubbish, it is down right irresponsible IMHO.
AG blew it by saying he would defend captital markets ... that's all the big players needed to hear, to pave the road to economic hell for us all.
If there is a market fall, gold will certainly not be the reason ... irresponsible economic management by the Feds will be the reason.
Best to you,
MB |
