I didn't include Armstrong's first piece on gold in this writing. Go to the link and read up on it as he is calling for it to correct (ex. go down, crash, sell-off, etc.) through most of 2012.
If you are hoarding or collecting gold you just sit through these moves in gold and not worry about it. In the long run gold will continue working its way on up until about year 2020.
Take note of what Armstong sees in fundamentals and cycles. If you are thinking of buying gold, you might want to wait for lower prices.
Politically, put some peanut butter in your pockets because the US is toast.
I thought this article was about Fiat making a phony Dodge Dart.
Let’s restate this as if there was a Republican in office:
“NUMBER OF POOR HOUSEHOLDS REACHES 50% - PRESIDENT TO BLAME”
I agree with him.
Fiat currency is not the problem. Congress is.
Congress has repeatedly acted irrationally and fiscally irresponsibly.
The FED hasn’t. The Fed has done a remarkable job of keeping inflation low and providing additional liquidity during market downturns.
“The troops will fire upon citizens just as police have attacked those who have peacefully protested.”
For now, most troops would not fire on Americans. I won’t speak for a few years from now when the current ranks of NCO’s are replaced by gay friendly (and left friendly) NCO’s.
But should such a thing come to pass that the military attacks an American city the same way they did in Iraq then we’ll make for danged sure that those troops and their officers long for days when all they had to worry about was jihadis and IEDs.
Obama and his minions should heed the words of Admiral Yamamoto should they attack America: “I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve.”