Friday
Jun172011
Jim Rogers With Dylan Ratigan: Connecting The Dots On Gov't And Wall St. Fraud: "Write Down The Debt, It's Time For The U.S. Government To Start Over, Let The Bankers Lose Their Lamborghinis" (Video, 6-16-2011)
Great discussion from yesterday's show.
- "Kicking the can down the road will NOT work. It never has."
Reader Comments (4)
Finally, change you CAN believe in. Non-public (Interbank) operations between large HOLDERS already support $6000/oz.
You shall soon see the vast difference between PLAYERS and a HOLDERS.
The paper, my friends, IS GOIN' DOWN !
;0)
I'd like to think this is the final play. Get in line at the redemption window and HOPE there's still some gold left when your number is called.
But I've stopped speculating on the timing of the final outcome of this fiat dollar experiment.
Look at it this way. It's taken 14 years to position the gold from paper to physical where it really matters. Now we have the CFTC publicly announcing what only 100 people knew about in 2008 (I only figured it out a few months ago). The "eurosystem" has more physical gold than the U.S. Officially, a big surprise at over 10K tonnes to the U.S. 8135 - but is the 8135 really there? Or did it get eaten up by 14 years of gold futures for oil and ESF operational "funding". Pray the 8135 is there, or brace for conflict with a capital "C".
So I take the ban as a public result of the public CFTC investigation. And I take that 14 year run on bullion to have been elevated to at least the "pre-panic" level by this public exposure. People will test their paper claims now. Reality is coming home. Finally ... and boy did I miss her!
Please read the May and June posts at letthemfail (and especially the links to FOFOA) if and whenever time permits. Many hours of reading, but could be worth the time ...
If lightbulbs DON'T go off, I apologize in advance.