Wednesday, December 19, 2007

Only Gold Can Beat the Credit Crunch


So what? Who cares about Wall Street, economists, or politicians? Individual investors,
business owners, workers, fathers, mothers, and college students, they are the
ones who must survive if the United States is to survive the mounting credit
collapse more or less intact. Why worry about those who caused the mess?

The point is that Wall Street or US politicians cannot and will not save investors.
They are not concerned with investors, only with themselves. Investors must save
their own little selves - and the only way to do that is by jettisoning the
world of contracts, paper, and electronic currency blips.

Ironically, inflation fears are what propelled the dollar up from its
recent downward course, tracing the bottom of its 50 day moving average. Even
more ironically, the very same thing now threatens to become the undoing of this
attempted bounce. Why?


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