WORSE THAN EXPECTED
WORSE THAN EXPECTED
by
Sanford Pinna, M.D.
Copyright 2010
The rush by world investors to buy gold, which
surged past $1170 an ounce on Tuesday, November 24, 2009,
is a prime indicator that these investors see a very
gloomy future on the horizon.
These are not isolated investors, looking to find
a discrepancy between gold and the U.S. Dollar—these
are investors who are beginning to think that all
is lost.
The gold investors also include world central
banks looking for a way to have a secure future for
their currencies.
THE WEST IS COLLAPSING
It is quite clear that the U.S. and many European
countries are falling rapidly. The G.M. deal to sell
Saab car manufacturing, fell through, because the
buyer could not get financing–since the car market
is shrinking across Europe, is one tiny sign,
The U.S. Democratic Banditry Brigade just
passed a law which will open a gaping hole in the
U.S. economic ship. When American small businesses
die by the millions as their payments for insuring
their workers double, we will see unemployment double
as well.
ASIA IS SINKING AS WELL
It is becoming obvious that China and India
are not able to sustain themselves alone.
The Chinese government is pushing its
banks to make more loans. They are well aware
that this may create a financial bubble that will burst
in five to seven years, but they are trying to
fill the void left by the dying American importers.
India, is rapidly losing companies from the
U.S. which previously outsourced to them, as the
U.S. economy dies.
COMMODITIES ARE FALLING
With the exception of Gold, industrial
and agriculture commodities are also falling
as demand dries up.
The scene is one of utter wilting of
the leaves on the vine.
The sap of the vine cannot rise because
the stem has been seriously scarred by thirty
years of hacking by the Money Managers that ran
the West.
The future looks dismal to the world’s
sensitive investors and they are running to gold
as the last Oasis in the growing desert.
