Loading ...Big move by GOLD and Metals in this last hour. Bodes well for next week.
Overnight loans spiked to 10% interest recently. Why? Banks are worried that the companies could declare bankruptcy the following day. This also happened before the big crack in the economy ten years ago.
This resilience in GOLD points to an extremely unstable condition in the this debt-laden economy.
I agree. This heap of fly infested dung they call a financial system is barely holding together.
Yes, the big problem for governments, banks, corporations, and many individuals is too much debt. Last figure I saw (back in June) for total global debt was 250 trillion U.S. dollars. I don’t remember the source of this information, and it seems there have been fewer articles about the debt problem lately. When the financial media stops talking about it, you know we have a real problem.
Martin Armstrong predicts implosion around 2032. Sounds about right. The world’s wealth will be coming soon to the U.S.A. stock market to invest as their respective economies implode. Then, it all collapses, under the weight of debt. We then transition into the zombie apocalypse. We have a some time to prepare. Good luck all. I like SAND. It’s an infant RGLD. But, that’s just me, an idiot, when it comes to investing. Actually, it’s all who thought gold and silver stocks were the road to retirement. Maybe they are. In the end, China rules. Their economic model, though repressive, is consistent. They don’t have to worry about asshat socialists at the opposite end of the spectrum to free market capitalists from election to election, so business over there know what to expect from year to year. Over here, we have to worry about those who would like to end the production of carbon dioxide and the economy as we know it. China doesn’t care.
Martin Armstrong predicts implosion around 2032. Sounds about right. The world’s wealth will be coming soon to the U.S.A. stock market to invest as their respective economies implode. Then, it all collapses, under the weight of debt. We then transition into the zombie apocalypse. We have some time to prepare. Good luck all. I like SAND. It’s an infant RGLD. But, that’s just me, an idiot, when it comes to investing. Actually, it’s all who thought gold and silver stocks were the road to retirement. Maybe they are. In the end, China rules. Their economic model, though repressive, is consistent. They don’t have to worry about asshat socialists at the opposite end of the spectrum to free market capitalists from election to election, so business over there know what to expect from year to year. Over here, we have to worry about those who would like to end the production of carbon dioxide and the economy as we know it. China doesn’t care.