GOLDBUGS AMEX Goldbugs Index (GOLD)

[al44]

Been saying that for years. Unlike the bozos we end up sending to Washington the Chinese have that longer term outlook. I'm just an average ordinary and very novice economist and I would have started spending all those depreciating dollars on gold long ago, which now coming to light is what they were doing. Also don't forget how we "won" the cold war with Russia. It was not with bullets and bombs. We forced them to strangle their economy trying to keep up militarily. Don't for one minute think the leadership of China did not see this. So they take millions of jobs away from American manufacturing and flood the country with cheap imports ( thank you Walmart ) putting more and more small businesses out of business. What may even be far worse is our own home grown greed much highlighted recently on Wall Street and the banking industry. Add in regulators willing to turn a blind eye and lawmakers that seem to only answer to big money lobbies and golly, is the current US economic situation a surprise to anyone? Will it get worse as more and more trillions of dollars are thrown at the mess? Who will be saying " what happenned and why " when large scale inflation rears it's ugly head? I'm sure as now going on in Washington fingers pointing to blame will be directed everywhere except to the mirrors where they belong. Your only protection from the coming demise is gold and silver. Have no trust in 3rd parties and keep it in your posession.

.........al