Reader Rick D. spotted this over at Zero Hedge: GLD ETF Investors Unable To Get Physical Gold. Here is a key quote: “[Hedge fund manager Grant] Williams warned that the massive and escalating paper claims on physical gold at COMEX warehouses will create an explosion in the price of gold. Paper claims on gold are now at 55 to 1 meaning that there are contracts worth 55 ounces for every one ounce of actual physical gold in the COMEX warehouses.”
Singer Joni Mitchell foretells an economic collapse. (Skip forward to 4:20.)
Items from The Economatrix:
Employers Hoarding Labor: Here’s Why That’s Bad News $1 Trillion In US Bank Deposits Held Abroad Will No Longer Be Insured