tag:blogger.com,1999:blog-7982981413278241287.post1175455542457588901..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: More on Deficits, Dollars and Gold...Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7982981413278241287.post-87194471858285493822009-10-08T18:48:26.251-06:002009-10-08T18:48:26.251-06:00gyc: how about writing this article: Wilkommen t...gyc: how about writing this article: Wilkommen to Weimarika.<br /><br />The Dow can easily be inflated to 20k or 30k. But 1500 on gold is waaaaaay low in that scenario. Assume the 30k scenario. Also assume that history repeats and we see another 1:1 Dow/gold ratio. That's your target for the price of gold before the dollar completely collapses.<br /><br />This whole thing going on in our system is not about the dollar collapsing or this country collapsing under the weight of all of its debts and obligations. Everyone knows that is going to happen - it's unavoidable. This whole thing going on is about the bankers holding the system up long enough for them to completely confiscate the nation's wealth. Paulson got off to a great start by hijacking $700 billion in TARP money and other Treasury guarantee programs - which add up to trillions.<br /><br />Now we're stuck with this monkey, Tim Geithner, who clearly is no more than a brainless pawn for Goldman, JPM and Citi. Here, check this out:<br /><br />http://www.huffingtonpost.com/2009/10/08/geithner-talks-to-select-_n_313612.htmlDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-31559436336962386942009-10-08T16:19:27.308-06:002009-10-08T16:19:27.308-06:00Dave,
Great observations. While I would cheer for...Dave,<br />Great observations. While I would cheer for gold at $1500, I cringe as to what that would mean for our dollar. I once wrote an article called "DOW 30,000: Its Not What You Think":<br />http://tinyurl.com/yfhxydy<br /><br />Looking back on it (written in December 2008) I think I could have avoided a bunch of my own confusion on things by reading it.<br /><br />For our dollar:<br />"With dollars all over the place expect to see DOW 30,0000 just like in that year 2000 book. Soaring stock markets will have no positive effect as the currency debasement will make old market highs meaningless. Google at $3000 a share sounds great until you buy a loaf of bread for $2200. Like the title of this piece says; <br />DOW 30,000! It's Not What You Think"EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.com