JoeSixPack

Why Our Credit Crunch Mirrors the Weimar Hyperinflation from 1919-1923

Interesting article. One comment. One big difference is that the Mark was not the resrve currency of the world.

Is Barrick Responsible for $1,000 Gold?

I don't know if they have the gold to do it, nor that they want to give up what gold they have.


On Sep 10 11:18 AM James Lewis wrote:

> Anyday now the USA Government is going to smash the hell out of gold.
> Be very careful, trading gold is a very hard thing to do. When there
> is stress in the fiat money system governments need to make it clear
> to investors/its people that gold is not safer than the government
> run fiat money system.
>
> To do this, huge amount of gold are sold over short period of time.
>
> $1000.00/Ounce could become $900.00/ounce shortly.
>
> If the governments do not jump in, then we are going to $1250.00
>
> My bet is the governments have a vested interest in take the market
> down