Dollar, Economy & Gold
These emails from Jim Sinclair have been very enlightening about the international financial movements and gold. Jim is a highly respected businessman/mine owner/CEO/trader that has been exceptionally accurate for the past several years.
I urge you to sign up for his periodic emails.
The train wreck of Western finance is no longer the slow train wreck you witnessed watching Freddie and Fanny come apart. It is therapeutic, as Dean Harry Schultz instructs us, to travel enough so you can look back at your Motherland and see things clearly.
It is my belief that the relative lack of success in the recent attack on the euro – at least compared to the earlier effort – could well presage the inevitable attack against another monetary union currency, the United States dollar.
Market commentary here in Dubai by so-called experts universally proclaims a sudden concern that the US is mishandling its debt. All of this has been explained to you before in the context of down cycles which at some point move to a zero equilibrium – baring some enlightened intervention which is highly unlikely.
Intervention between 2008 and 2010 missed by a country mile but somehow managed to enrich the dastardly “banksters” who created this mess in the first place. The cause of what is now semantically presented as the “Great Recession” is no more than demons dancing on the head of a pin. The cause of all this mess is singular and so large that it defies conceptualization.
The cause of the Great Recession is the damned OTC derivative manufacturers and distributors. It is called a “real estate collapse” but again this is a semantic message for the OTC Derivative Securitized Mortgage Debt debacle.
The OTC derivative market has continued to grow, with Credit Default Swaps, another fraud, having a snowball in hell’s chance of functioning when the spectre of default again threatens Western finance.
As soon as the sharks finish their feeding frenzy on the euro, the dollar will come up next in their crosshairs. It looks to me as if the minor euro nations do not offer large enough opportunities for the destroyers of wealth that Greece did.
Mark my words when I say that gold will reach for the stratosphere, trading at $1,650 and above sooner than many people think.
Being in gold and avoiding the US dollar no longer just constitutes a trading situation but a financial survival exercise.
Stay the course and win. Vacillate and you join the sheeple.
Respectfully,
Jim Sinclair
I have not strayed once from the course of owning hard and now soft commodities. Are you prepared for an economic meltdown?
