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DRGEORGE
Member since November 2014
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THE US OWES THE WORLD 3x THE GOLD EVER PRODUCED

- Egon von Greyerz - Matterhorn AM

A brilliant and succinct summary of the reality. The only question is when - just because something is inevitable doesn't mean it is imminent.

Commented 2571 days ago

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Beginning of the headline :By Egon von Greyerz The US owes the world 453,000 tonnes of gold which is almost 3 times all the gold ever produced in history. Whilst market observers worry about what the Fed will do next or the health bill, nobody sees that the the US is on the way to total ruin by running budget deficits for over half a century and trade deficits for over 40 years. It seems that the US economy is walking on water, and this opinion is fuelled by seasoned commentators like Ambrose Evans-Pritchard in the UK’s... Read More

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