It has come to me that the big guys with the US$ are quietly unloadin their stocks of the stuff for that yellow stuff know as gold.
They are apparently doing it so well, that the price of gold has not soared; in fact it has fallen.
They are apparently doing this because the US debt is at USD$16+ trillions and its liabilities stand at USD$225+ trillions. And to cope with the constraints of the situation I am informed that the US is building a third nuclear powered currency printing machine.
This of course upsets the big guys even more because each is stuck with humungous caches of USDs.
Q: Who are the big guys?
A: Russia, China and Nippon.
Friday, December 28, 2012
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