Friday, December 21, 2007

Gold and the US Dollar

The US Dollar has been moving up since about the middle of November.

Yet, gold does not want to go down.

What do you think gold will do when the US dollar starts heading back down?
This has got to have the boyz and the central banks sweating bullets.

What is going on in finance land right now is the stuff of great depressions.
If you do not know how serious it is, read Jim Willie's latest on the bond insurance companies:

Many in government, treasuries, central banks and finance land have been playing the games little children play: "pretend" and "make believe" for too long. Their games are coming to a rude end. The US Dollar is going back down and gold is going up.

"The most important thing about money is to maintain its stability... You have to choose between trusting the natural stability of gold and the honesty and intelligence of members of the government. With due respect for these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold." -- George Bernard Shaw
Even a Fabian socialist understood gold vs. government:

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