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To: An Old Man

For years the talking heads on TV have been saying in the nightly news: “Gold was up today and the dollar was weak.”

In 2010 that slogan did not work. Gold was up 30% in 2010 and the dollar was up 3%.

We all know how fast dollars were printed in the USA in 2010.

For the dollar to be 3% higher at the end of the year, the currency presses were working double time in the other countries of the world.

There is a whole lotta money being printed that needs to go somewhere.


6 posted on 01/01/2011 3:03:17 PM PST by Presbyterian Reporter
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To: Presbyterian Reporter
There is a whole lotta money being printed that needs to go somewhere

Debt as money was very clever, but its time is up.

All that's going on now is that debt is being moved around - Greece's debt becomes Germany's debt, but Germany does not create value equal to its new debt.

It may go on for a few more years before the end.

14 posted on 01/01/2011 3:15:19 PM PST by Jim Noble (Re-elect Palin 2016)
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