Thanks S_P, I always enjoy Jim's wordsmithing. He's got a way of being entertaining while imparting dense information.
It seems all the sages are saying much the same thing; the death of paper gold and silver is drawing near and the day of reckoning will be brutal. I just hope he's right that JP Morgan et al. will be held to account for their most devious crime of destroying the world's economic lifeblood, free markets. I'm not holding my breath on that one though.
Stinky pinky. Willie doesn't leave much out :) As an extension of the information he offered I'm visualizing the United States becoming: a government/Marxist (do nothing) economy "Marxist morons do what they do best, ruin industries amidst elevated crowd support and noise from the dumbest sections of society".
a country that lost its position of having the world's reserve currency. It's estimated when this happens prices will move upward roughly 25%.
a country with worthless fiat currency unable to sufficiently create a new currency of value because it unloaded its gold reserves attempting to support the dollar's value during a time of rapid dollar printing.
The Chinese are gobbling up gold and well on their way to having the world's reserve currency. And it's now apparent that many of the U.S'.'friends' are willing to dump the dollar and trade with China.
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