"Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves" Norm Franz, “Money and Wealth in the New Millenium”
14 December 2011
"*US official public debt has now passed $15 Trillion and is now roughly equal to 100% of GDP. *Greece has effectively defaulted with Italy, Portugal and Spain close on its heels leaving a euro-breakup imminent. *The markets are being prepared verbally for QE3 by the Fed governors, even while QE light and The Twist continue. " Silverdoctors
"However, gold has the desirable characteristics that we all want the means of payment to have. Primarily, it is stable in monetary value. It has other desirable characteristics as well, such as being easy to store, infinitely divisable, a chemical element, compact and of high value, and so forth. This is why we say that “gold is money,” and it is why gold has so often been the foundation for successful monetary systems for the last five hundred years." Nathan Lewis
"Easy money is the heroin of the financial world and we’re the main pusher. Generally, the pusher wins arguments with his addict clients, so expect a coordinated US/Europe quantitative easing that dwarfs even the Fed’s secret loan program of the past few years, and expect it soon. Get ready, American and European taxpayers. You’re about to become proud owners of several trillion dollars of slightly used Greek and Italian credit default swaps. Merry Christmas!" by John Rubino
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