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Home › Forums › Financial Markets/Economics › Gold Redux: What do you folks thing about this? › scaredycat wrote:really not

September 9, 2009 at 8:05 AM #455028
partypup
Participant

[quote=scaredycat]really not sure what is happenin. but it seems like this is not a normal busines cycle type event[/quote]

Scaredy, what is happening now is anything BUT a normal business cycle type event. Monumental structural change is at hand.

Even the friggin’ UN now wants to replace the dollar as the world’s sole reserve currency:

http://www.telegraph.co.uk/finance/currency/6152204/UN-wants-new-global-currency-to-replace-dollar.html

When the rest of the world doesn’t need all those freshly-printed dollars…what do you think is going to happen to the buck? And what do you think is going to happen to the price of gold?

Anyone who thinks that we are only in a severe recession is ignoring the flashing red lights and alarm bells that are now going off.