Magnet, to my knowledge and I am not the most read in this area, but in order to pay for the war machine and bail out all these failing banks and companies, money is printed and then loaned to us by the Fed. , which is not even part of the US Gov., but instead a privately held firm. As this money is printed and infused into the world market it devalues by default existing dollars, kind of like supply and demand. I believe that the above article spoke of how the banks and governments are stepping in to suppress what is really happening to the USD but at some point that will most likely fail and things should snap ahead or back to where they should rightfully be. I am sure someone that is more in the know could add a lot to this. HAPPY NEW YEAR.
Well I see where you are comming from on the gold issue. I dumped out of all my positions almost 9 months ago and am just now starting to convert my cash back to gold and silver stocks. Now as far as Obama running up our "monetary expansion to finance its debt and deficit spending" have you missed that last however many years of Bush doing just that with little good comming from it? Don't take me wrong I love my country but if you are going to attack please do so fairly. Good luck on the stocks you are looking at and happy new year.
Don't Miss the Coming Gold Bull [View article]
Don't Miss the Coming Gold Bull [View article]