Like the old English version of Debtors Prison the people insde the prison walls could not have a chance in a million to repay the debt. The walls of yesteryears prison have expanded to include all Western World Democracies loaded up with debt but no viable business solutions.
All Communist / emerging market economies have become the muscle of industrialzation and budding economies. These thriving economies exist outside Western Prison Walls. PIIGS will never repay their debts and neither will the rest of all Wetern Nations. Yet the royalty evn though it has changed from Kings and Queens to Banksters and Tyrannical Business leaders have severed themselves from the debt burderns and expect payment via pain, misery and suffering. They call this debt payment model by the poor, underemployed and unemployed-Austerity....
The economic Race To The Bottom declared in the year 2000 is taking a full generation of Americans to their graves in poverty.
To see the industrial base of America that they incubated, hatched and built up was today only enhancing Communists. Americans have been severed from the fruits of their own labors.
Debt Belongs To WEST
Gold Belongs to EAST
Paper Belongs to WEST.
This is what our industrial entreprenuers brought to their homeland.
Don't expect murderers and thieves, drug money launderers, HFT cheaters, market riggers and warmongers to be truthful or transparent.
RBC Gives ‘Overweight’ Rating To Precious-Metals Sector
By Kitco News
Thursday July 02, 2015 10:59
RBC has upgraded its weighting for shares of precious-metals companies but downgraded those for base metals. For the third quarter, the bank gives the precious sector an “overweight” rating and the base-metals sector an “underweight” rating. “Precious metals are increased to overweight due to Q3 being a seasonally strong period with steady fundamental demand from India and China, continued central bank buying, the European Union's QE [quantitative easing) program, and dovish signals from the Fed and potential for the deferral of the expected rate hike,” RBC says. The Canadian bank also says it suspects that a Federal Reserve rate hike has already been priced into gold at $1,150 to 1,175 an ounce. “We would view a pullback driven by a rate hike and resolution of the Greek crisis as a potential buying opportunity.”
Europe Is Already Dead. The Default triggered derivatives that are ten times greater than the 322 billion Greek debt. Infact Greece could be the beginning of a Global Credit Crisis. Greece Default has triggered three trillion in Credit Default Swaps (CDS)
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The ISDA is a corrupt rule bending ref. Defaults no longer happen in the papered-over Western financial messes. Defaults only happen in far away third world nations...
China leads the East in Gold accumulation. Gold and silver supplies at Comex wane Low PM prices hit mining industry production. You can always make more paper to try to paper over the debt until the rest of the world won't any longer accept your payment in paper.