Big banks still insolvent if they honestly marked asset values to market. US debt - if honestly use GAAP accounting for accrued liabilities - is $84 Trillion and growing at an alarming rate. All major central banks are racing to devalue their currencies ... Arms buildup in the Middle East, Europe straining to keep from a financial implosion due to runs on insolvent banks, Japan taking the lead to trigger a potential pop in the global bond market bubble, ... central planners attempting to hide their huge financial market distortions, savers and pensioners being oppressed into the ground through unprecedented levels of financial repression, etc. etc.
Nope no black swans in there! Nothing to see here, folks!
Step right up to drink the Bernanke Kool aid!
Nope no black swans in there! Nothing to see here, folks!
...........
Therefor gold should be going through the roof. And you should be rich for making such a shrewd investment. Certainly nobody ever accused you of being a day late and a dollar short.
Just because banks have been shrinking their frackional banking ratios from 30-1 or more to the more traditional 12-1 ratios for the last four years — is no reason for bernake to print money.
Just because the USA is slicing 100 billion a year out of its trade deficit because of rising oil production — is no reason for the dollar to be stable or even rise.
No no the dollar should be going down AND gold should be going up.
But neither are happening. What’s wrong with this picture. Has the world gone daft?
(I argue on other forums that the current middle east wars are now old money wars. That the world is moving on. Or as they say in the middle east. the dogs bark and caravan moves on.)