Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Free
Message: The $ under stress

The $ under stress

posted on Oct 08, 2009 08:14AM

While the economists, bankers, and politicians bloviate about the recession being over, we see: -employment going down,
-house price reporting being manipulated in just about every way while prices continue to drop,
-commercial real estate prices falling like a rock, while occupancy declines and construction continues,
-consumer spending still dropping while the statistics focus on "same store" numbers ignoring the loss of 14% of stores in the last 18 months,
-transportation showing clearly that overall commerce is still shrinking.

As all this is going on the $ is being propped up with propaganda and monetization.
The $ index is threatening to fall below 76. This while the $ and other currencies in the index are being pumped at historic rates. All the while the Fed continues to print, continues to buy US treasuries, continues to lie, and the government spends like it has an endless supply of $s... Oh yeah, they do. Well as the $ goes to 0 the amount it takes to buy real stuff goes to infinity.
What is amazing is that gold and silver remain so cheap. People and nations are waking up. There are a few voices shouting the truth, but they are being ignored. LArge funds and some nations are remaining quiet as they look to reduce US $ exposure and stock up on commodities.
This game of whack-a-mole keeping the truth from coming out is ending.

Share
New Message
Please login to post a reply