Yes Puppet Central and their working Minions will have you believing in their INSIDER work as a positive and real thing. And most simply swallow it up not knowing better. Then they exclaim PROFIT! PROFIT!
Meanwhile other things are much more eventful than following INSIDERS on their way to gang rape as they please.
Take the recent $12.8 TRILLION baby bottles of milk away (or simply drop the curtain) and look at them standing their with there pacifiers.
When REALITY is brought to the table how they scurry to words such as 'Copy and Paste' but at the same time why they have '0' to present in their defense to counter the TRUTH.
Here ya go SHAM WoW artists,discredit at will!
Quote: People’s Bank of China Positive On Gold Due To ‘Value Preservation’; Concerned About Euro, Dollar And Paper Currencies
www.zerohedge.com/article/people%E2%80%99s-bank-china-positive-gold-due-%E2%80%98value-preservation%E2%80%99-concerned-about-euro-dollar-and-pAnd I back much of that through this beauty,
Quote: Gold And Silver Are Thriving While The U.S. Dollar Is Dying
Have you heard the news? Gold hit another new record high on Thursday. It reached $1447.40 before settling back a bit. Most people responded to that news with a yawn. Why? Well, because it is happening so frequently these days. It seems like the price of gold is constantly setting a new record. Silver likewise is thriving. The price of an ounce of silver briefly hit $38.13 on Thursday. That was the highest price for silver in 31 years. But most people also responded to that news with a yawn. Why? Well, because the price of silver always seems to be going higher these days. Meanwhile, the U.S. dollar is struggling. The ICE Dollar Index fell to 75.340 earlier this week. That was the lowest it has been since December 2009. Even at a time when the sovereign debt crisis in Europe is flaring up again and there is tremendous instability all over the world the U.S. dollar still can't find much traction. In fact, many are convinced that the U.S. dollar is on the verge of another major fall. So what in the world is causing all of this?
Well, as is always the case, there are many factors. But one of the biggest factors is that the world is simply starting to lose faith in the U.S. dollar.
You see, the rest of the world is not stupid. They know that the U.S. cannot run trillion dollar deficits indefinitely. They know that at some point the mountain of debt that the U.S. government has accumulated is going to come crashing down.
In addition, the rest of the world was really put off by this most recent round of quantitative easing. Most analysts around the world saw that move by the Fed as something that would really cause the U.S. dollar to lose value.
Even some top Fed officials are now admitting that QE2 may have been a mistake.
Richard Fisher, the head of the Federal Reserve Bank of Dallas recently gave a speech in Frankfurt during which he admitted that the Fed had done "a bit too much" quantitative easing and that "there's lots of liquidity sloshing around the US financial system. We are seeing signs of all the intoxication that typically takes place when we have the ambrosia of cheap and readily available capital."
Ya think?
The truth is that all of this money printing may give the economy a short-term "rush" right now, but in the long-run it is just going to cause even more pain. Peter Schiff recently described it this way....
To me, it's like watching someone walk into the same sliding glass door again and again. Wall Street must know by now that large infusions of liquidity from the Fed spur present consumption at the expense of investment for the future. We are an indebted family going out for an expensive meal to celebrate getting approved for a new credit card. It might feel good (at the time), but we're still simply delaying the inevitable.
Whenever more dollars are introduced into the financial system, the value of all existing dollars goes down. As the U.S. dollar continues to lose value, we will continue to see oil, agricultural commodities and precious metals go up.
In the long run, many believe that the U.S. dollar is going to completely collapse. For example, John Williams of Shadow Government Statistics is particularly pessimistic....
As an economist, I look for the U.S. dollar ultimately to lose virtually all of its current purchasing power. Accordingly, for those living in a U.S. dollar-denominated world, it would make sense to move to preserve wealth and assets over the long-term. Physical gold is a primary hedge (as is silver). Holding some stronger currencies outside the U.S. dollar, as well as having some assets outside the United States, also may make sense.
But it is not just the the U.S. dollar is losing value. There is something deeper going on here.
For decades, the U.S. dollar has been the reserve currency of the world. Traditionally, virtually all of the governments of the world have wanted to stockpile U.S. dollars.
But now that is changing. Central banks around the world are moving away from the U.S. dollar and they are starting to hoard gold and silver.
So are gold and silver now regarded as "reserve currencies" by many central banks around the globe? Certainly something fundamental is shifting out there. The behavior of central banks around the world is rapidly changing as an article on CNBC recently noted....
Central banks are shedding dollars, reducing their holdings by about $9 billion in previous quarter, according to Nomura Securities’ Jens Nordvig, global head of G10 FX Strategy.
What are they buying instead? Gold.
Central banks are increasingly viewing gold and silver as great hedges against financial instability. They understand that all paper money will eventually become worthless but that gold and silver will always maintain their value.
Some nations are reportedly gobbling up gold as fast as they can right now. For example, there are persistent rumors that China is hoarding gold in anticipation of a global financial meltdown.
In previous years China had been buying up large amounts of U.S. Treasuries, but that is no longer true. China appears to have changed strategies. China is still buying some U.S. Treasuries, but they also appear to be extremely interested in precious metals right now.
But China is far from alone. The demand for precious metals is growing all over the globe and this is likely to continue to push up the prices of gold and silver over the long-term.
In fact, some highly respected researchers are already talking about $2000 gold. Of course the price of gold will fluctuate up and down in the short-term, but over the long-term the decline of the U.S. dollar is going to continue to mean good things for gold and silver.
Unfortunately, a declining U.S. dollar is going to mean bad things for average American families.
It is going to cost more to fill their cars with gas.
It is going to cost more for them to buy groceries at the supermarket.
It is going to cost more to heat their homes.
Already there are some very disturbing signs of inflation. The average price of a gallon of gasoline is rapidly approaching $4 a gallon and in February the price of food in the United States rose at the fastest rate in 36 years.
So the truth is that rising prices for gold and silver and the decline of the U.S. dollar are not going to be good news for a whole lot of people.
Millions of American families are going to deeply suffer as the purchasing power of the U.S. dollar goes into the toilet.
Some really tough times are coming.
