Greece troubles are back just like we talked about last year. One landmine I have my eyes on is the U.S. pension system. When that stock market hits it's peak and people are all in and it tanks, those pensions which are in bad shape are going to be another Greece. We have all read the police and firefighter pensions in Dallas, pensions in Illinois, California, New Jersey and others are in horrible shape. So many landmines, if one pops it will cause a chain reaction and metals go much higher. My $1,600 gold prediction for this year may be conservative because of this.
People don't realize that Mexico has agreements with 44 nations with no tariffs. Thats why companies want to manufacture their. When they ship product over seas from Mexico it makes there products more competitive with no tariffs over seas. If they ship out of the U.S. there is a tariff and their products more expensive over seas. The U.S. only has no tariffs with 20 nations. That is the ONLY reason why companies like to manufacture in Mexico. It's not cause of cheaper labor. Their infrastructure is horrible and the cost to move goods to export is greater than the cost savings of cheaper labor. It is amazing a country like Mexico can figure this out but our government can't.
Just add a fee or tax to those that send money to Mexico Western Union and that will start paying for the wall ASAP.
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