sorgmot

Jeffrey Christian: Gold and Silver Could Spike

The world is awash in crude oil.

The current cartel of oil producers can not hold the price up without a Bush in the White House.

In the late 1960's oil sold for US$ 3.00 per barrel.

Oil consumption per unit output in the US and other economies is collapsing now and will keep on doing so as the 21st century continues. The anti energy freaks are very ignorant pitch persons.

Gold is the measure of the worth of a currency. The worth of the USA currency is high and going higher against many assets because massive number of US$ claims held as assets have lost the amount of the dollars they can claim.

Investors in non US$ momey assets are now loosing US dollars and selling non dollar assets to raise US$'s to meet their IOU's in that currency as they come due.

How long will this continue?

There are 4 counter trends.

1 let the creditor have the ass and walk away from the debt.
2 Burn the asset up and let the insurance company pay the creditor.
3 Get newly printed money from the US Government and pay off the creditor.
4 Reduce consumption and new asset purchases and pay your own debts off.

Nothing works quickly or well. As we learned in the 1930 to 1970 period in the USA. Yes, all those wars were just ways to burn up assets and have government debt replace inter private party debt.

Your should have seen this comming. Your should have cut your debt service costs. You should have sold your assets and paid off your debts. You should have studied history and educated yourself.

Good luck.

Blessed are the poor for they shall inherit the earth. Yes really.