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Hiltzik echoes MSM confusion on gold
Written by Peter Diekmeyer (CLICK FOR ORIGINAL)
It appears the world is ganging up on The Fed as following China's recent clear and present threat should the USD strengthen, BoJ's Kuroda warned that further QQE might threaten the bank's finances - implicitly demanding moar from Yellen because he knows he's out of bullets.
China has vowed to plunge the world into an economic crisis by crashing the stock markets by 75%, which will be worst felt by Britain and America, a financial expert has warned. The West is feeling the negative impact of the sinking value of the Chinese currency already, which has almost crippled British industry which can’t compete with China’s cheap exports. Experts are now predicting a financial “ice age” for the global economy which they say is coming soon.
Back in March of last year we noted, with some incredulity, that some 30% of China’s newly-minted day traders had an elementary education or less. Even more incredible, we learned that nearly 6% of the country’s new “investor” class were illiterate.
Submitted by Nick Giambruno via InternationalMan.com,
The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better. - Ron Paul