Market pundit Robert Wiedemer recently had the nerve to call gold “the biggest, baddest bubble of them all.” What myopia. He’s looking up at gold’s position only because his vantage point is from the veritable crater formed by the collapsing U.S. Dollar. Gold is simply rising to its natural level, amid a bevy of fiat currencies that are in a frantic race to the bottom. The precious metals are nowhere near the end of the current bull market.
China Says Fed Easing May Flood World With `Hot Money’
Fed Will ‘Self Destruct,’ Policy ‘Deeply Flawed’: Ron Paul
Sullivan: The Coming Fiscal Catastrophe in the United States (Thanks to Glenn Reynolds at Instapundit for the link.)
K.S. suggested this piece by Bill Bonner: US Debt Crisis: What NOT to Do When Your Country is Broke
Items from The Economatrix:
14 Pieces of Bad Economic News
Germany 1914-1923 Hyperinflation — Coming Here?
Bankruptcy of US is “Mathmatical Certainty”
Credit Scores To Be Revised Amid Soaring Mortgage Defaults
Glenn Beck Video Clip: So What Happens Next? Part 1 – Part 2 – Part 3