Date:   10/6/2008 1:18:52 PM ( 16 y ago)
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URL:   https://www.curezone.org/forums/fm.asp?i=1271717

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I've watched the spot metal prices so long that I can almost feel the footprints of a manipulation. The why's are what is important in order to predict the future.
I just got back from the grocery store, which was full of really scared people, and really anrgy people. They feel it, can't identify what is being done. But they were buying cases of kraft macaroni and cheese & frozen dinners. (go bromine!)
Here is my current working theory:
A lot of bad sub-prime paper wound up held by Asian countries. In essence, they had bought out our country on pennies for the dollar. When the banks forclosed, and aquired the properties, then the asian interests were not at all happy, Rather than being B.of A. vs. Leeman Bros going where is my money, the morgage buyers were going they aren't paying, where is my property?
So we bought our country back. At 7 trillion dollars. This is a simplification, but in essence, by buying back the crummy loans, the property remains in US hands.
Asian business practices are based on each transaction being an attempt to get the better of the other entity in the transaction, western business practices are based on 'fair dealing' and value given for value recieved. It's a completely different mind set. We did not control our banks the way that we should have done.
But we do control our own currency, and we can always devalue the dollar, which is what the gold buying interests expect. In essence hyper inflation devalues a currency without any national intervention, hence, as water tends to go down hill, that is probably the natural way out for the US to take, but there will be suffering indeed for anyone who does not own physical assets of some type, the paper stuff is going to be changing in value rapidly.
Asian business practices are based on each transaction being an attempt to get the better of the other entity in the transaction, western business practices are based on 'fair dealing' and value given for value recieved. It's a completely different mind set. What happened in the subprime market was the financial equivalent of an invasion, and we've just taken a big hit.
My instinct is that gold should be over 1000 soon, maybe higher.
Kitco:

http://www.kitco.com/charts/livegold.html

I actually think that powder and bullets, tools, a decent home, good vehicles, and a way to earn a living at some level are the priorities for all of us. (& lots of iodine.)
Some of this is starting to make some sense to me, unfortunately.
Julie


 

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