More than three European governments will default.
Hopefully the European governments just restructure the debt and stay in the Euro, but they long to go back to the days when stealing was easy.
The only reason to have a currency not based on gold is to create the opportunity to steal from the people who use your currency. When California defaults, they won't go create their own currency. The same should be true of all countries in the Euro.
Also coming soon, The US Federal Reserve will print money to buy mortgage bonds primarily from Bank of America. This will be a secret rescue of Bank of America.
145 on GLD may be a time to start buying.
Google is taking over the world oh so quietly. I would sell shares at 645 and buy more at 570. If it gets to 535, back up the truck.
1 comments:
Your view on the financial world is absolutely brilliant!
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