Sunday, April 10, 2011

‘Gold's advance to super cycle indicates demise of dollar, collapse of economy’

The dollar might not collapse here, but if it does, it's of course extremely serious. When serious business publications, billionaires, and financial experts are talking seriously about the demise of the dollar, ignore the warnings at your own risk.

From International Business Times

The runaway rise in gold prices is here to stay. And that is not just bad news to the U.S. economy. A sustained gold and oil boom indicates that the dollar is slipping into grave danger and the economy closer to collapse.

"... when these commodities go up in price it is a sign that the U.S. dollar is dying and that our country is getting closer to economic collapse," Michael Snyder wrote in Daily Markets on Thursday.
In simple words, the gold and silver boom indicates that investors everywhere in the world are losing trust in the dollar and the U.S. government treasuries. And they seek out something they can trust more...


U.S. Dollar

From Cryptogon.

You should know by now that I’m not one of these Chicken Little fast crash snake handlers that are predicting The End every five minutes, but I’d like everyone reading to know that 70.792 is a big deal. If the slide continues and 70.792 breaks down, that would represent an extremely serious emergency and probably the end of the current global financial system...


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