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Road to Ruin: Final stretch

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2009-02-24

Most observers do not see the recent rise in the price of gold (and silver as well) in this context because gold has been a cult for so long that even the gold cultists don't understand what has changed. They see the current price rise as a part of a bull market that started in 2001, but we side with Soros on this, and Volcker: we are witnessing a global systemic breakup, the end of the road we got onto in 1971. We passed the last exit in 2001, the last chance to adopt a strategy to shift to a production and savings based economy through a series of steps negotiated with trade partners. Instead we increased the debt further through a property bubble financed with fraudulent structure credit products. The road ends when the US cannot finance its debts. The end of the road is near.

A simple, and obvious message. But one so upsetting to authorities that they are censoring it when it pops up in prominent places.

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