The world's politicians would never have the popular support to integrate government completely because of not wanting to be responsible for the debt of other countries, its the problem Europe faces now. BUT, if the financial system is allowed to integrate on its own as the global central banks are effectively doing, as debts are guaranteed for other countries ad nauseum, it becomes trivial at a later date for the politicians to be sucked in and we've given up our sovereignty.
Gold rallied from about 2001, not 2009 when QE-sillybucks started.
What's more interesting is the hootin' and hollerin' about the federal deficit dropping SO MUCH NOW.
They're like hillbillies with moonshine.
Gold could go into hibernation for a couple of years more, its true.
But the underlying conditions for another upmove are also present, a virtual US bankruptcy at some point.
Remember the politicians salivate to give the health care lobby a 10% price increase each year. And the fascists are pretty much into their pricey high-tech war machine and 22 tours of duty volunteer army.
Now that these are $35,000/yr journalism jobs what do you expect ?
Its about confidence in the ability to meet a crisis and get past it.
Having infinite money at no cost is a powerful incentive to believe.
Get on board.
We can formally ignore serious measurement of economic recession now.
Such antiquated events can be tweaked away with electronic monetary models.
That case of natural gas is well documented. It was driven by Goldman Sachs commodity index, which was being peddled hard to institutional investors. Same reason oil went to $150.
One place you can read about it is in Matt Taibbi's book a few years ago.
If you're so convinced its true, then what difference does it make what the media says about QE.
What the media has reported however, is that QE has not achieved its objectives of restoring economic
system sustainability with normal unemployment. It is failing in its chief objective. And by eliminating natural risks from certain types of debt instruments, it has succeeded in distorting the market price of many asset classes.
Mr. Bernanke is an insane cretin for setting long term interest rates negative, and we deserve what we get for allowing it.
Gold isn't directly linked to inflation and deflation. It is linked to confidence in government and social order, and returns available in other asset classes.
But it is still right to have a focus on monetary distortions, which are the centerpiece of the modern global economies, as are the rules of law with banking insurance guarantees, capital confiscation by desperate governments, free flow of capital across national borders, and competitive devaluations.
Gold is telling you right now that fears of government collapse are dwindling around the world, and that global central banks have gained the confidence of the elite money, for now.
This is why our economic systems create so many losers.
As long as we insist on dominating each other, we will live in misery.
Boy Scouts don't get elected as leaders. The world is a celebration of selfish ambition.
To involve yourself in the stock market is to take the world as it is.
Once priced in, risk becomes neutralized and forms the basis for a new rally.
Markets are much more like game shows than science experiments.
pull the key cap right off and see if there is debris under it. I did it to two keys on my own toshiba laptop yesterday. Its easy, you won't hurt anything.
If Ben did go to jail, within 3 months he will have turned the prison market for cigarettes, shivs and protection into a central planning system.