Those Crazy Gold Bugs!…”Stepping back and looking at the forest rather than the trees, collectively a very large part of the world is in a state of bankruptcy even though not declared, recognized or admitted.”
By Bill Holter
GoldSeek.com
Monday, 1 June 2015
Rather than write about the economy, the markets or geopolitics, today let’s look at something a little different. It’s important every once in a while to step back and take in the big picture because we are all guilty of getting too close or “finite” if you will. We fight the daily battles while losing sight of what the war is really about. Gold advocates otherwise known as “gold bugs” have been worn down by the daily battles, some have even forgotten what the real war is. Gold bugs, these are the “crazies” out there who are described as nuts or “conspiracy theorists”. We know now they were not “theorists” at all. JP Morgan’s $32 billion paid in fines along with many other fined and censured firms is proof of conspiracy FACT!
The term itself “gold bugs” is disparaging as if gold advocates are like some sort of cockroaches running around and dirtying up the place. It is true that some “advocates” go off half cocked and see everything as a conspiracy, I have even come across some who are so fervent they believe in gold as some sort of “religion”. It is not. “Gold” as JP Morgan once said “is money, nothing else”. Gold is in fact money, it is real money that has value on its own and not “legislated” or as it is in today’s world, “mandated upon” the public. Most Americans who are reading this may have a difficult time understanding it even though true, many foreigners are nodding their heads with a slight smile! It should be pointed out, everything these crazy gold bugs have been saying about the world from a “fiscal” standpoint has and is in fact coming to fruition. It has not happened “when” nor as soon as they believed it would (me included), because the current insanity of balance sheets could never have been imagined even 10 years ago …however, “timing” does not change “the ending”!
Stepping back and looking at the forest rather than the trees, collectively a very large part of the world is in a state of bankruptcy even though not declared, recognized or admitted. No matter how you look at it or on what level (state, corporate or individual), the standard of living is broadly in decline globally. (Yes I know, that top 1% or even .1% is living well and improving with each drop of sucked blood they receive from the system.) While choosing this topic to write about, I had no idea how fortuitous the timing was. Within 15 minutes of beginning this piece, a link to an interview of none other than Alan Greenspan, Richard Fisher, and Lawrence Lindsey hit my inbox!
I could only chuckle after watching the interview because my entire writing can now consist of “yeah, what they said!”. Rather than write an entire article on this, I believe it might be better to let you watch what I was going to write, and we can move on to the “motives” of these three telling “mostly” the truth. If you watch this interview, please keep in mind this one question “…and the alternative is”?
The Rest…HERE
