Posted on 09/08/2009 7:22:29 AM PDT by DecoyJames
I predict Obama will push for a 2nd stimulus in early 2010. This one will most likely be a larger amount.
Should a 2nd stimulus be introduced, gold will move to $2000 with in a year’s time, and the dollar will crash…
I believe this is a very likely scenario. Here are a couple quotes from self-made million and billionaire stock investors:
Jim Rogers – “We may experience hyper inflation, DOW 30,000 is possible” (this is NOT a good thing).
Marc Faber – “I am 100% convinced we will see hyper-inflation”.
Peter Schiff – “Gold will be $5000 an ounce”. “The rally is the correction”.
(Excerpt) Read more at politicallore.com ...
Obama “Loves” bling!
I’m not sold either way as of yet. Either Deflation, or Inflation. Each is gonna suck, one worse than the other.
When Gold / Silver rise, you can always count on JP Morgan arriving on the scene with massive short sales as the agent for the U.S. Treasury.
If Obama really wants to be FDR, he will confiscate the gold. Come to think of it, Castro did it too.
I’m voting for inflation the moment that there is an upturn in the economy.
The upturn will cause an uptick in fuel consumption, and this will signal the traders that the oil futures market will return to what it was pre-recession. With gas at $5 a gallon, the rest of the economy’s prices will compensate (inflation) followed by an economic slump. In other words, 1979 all over again.
Last time, he appealed to people's patriotism to voluntarily surrender it (my family did, and it hurts to admit that otherwise-smart people did so), rather than come around to collect it. Neither one of those options will work today.
Obama wants to bling the economy.
In his relentless desire to destroy the economy, he wants to de base the currency..... its all part of the play book.
So the message again is to buy gold?
When is it a good time to sell gold?
I had doubts before, but I’m betting on inflation now. It all depends on how credit was created in the first place that drive the economy. If credit was created to make things, then a default will fuel deflation. Since US economy is 70% so any default is not going to cause much of any deflation at all as theres not enough goods and services to soak up the money in the first place. Any extra money printed WILL ONLY FUEL INFLATION
+70% consumption
Obama to receive gold teeth in Obtober.
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