If you watch the polls, you have a good idea of how many Americans are wracking their brains trying to come up with a way to stop the incredible, slow motion train wreck that is our country as being run by this administration and congress with the prequel of the Bush era. $12 Trillion in national debt that translates into $106 Trillion when seen on a whole. We fear that the old paradigm of working from the inside will not achieve our goals right now because time is scarce, and we have already been dragged halfway over the cliff.
A tax revolt is not going to work, as Congress and The Fed have shown that they will just print more money, with a 120% increase since last year. Starving the federal government is not going to make an iota of difference to these ‘Dorito driven’ (we’ll just print more) spending addicts, if anything, it will make it worse.
The Trillion Dollar question is, “How do we, as Americans, save our nation and our economy from the lemmings stampeding over the edge of the abyss? I consider everything that the Congress and The Fed have been doing to be a form of domestic terrorism. How many of you sleep well at night, hmmm? Are we not generally frightened to wake up and find out what ‘they’ have done while we slept, or worked, or took our kids to soccer practice? I wonder how much these years are going to drop the life expectancy for involved Americans due to the stress. The days of “how was your day, honey?” have been replaced with “What did ‘they’ (The Feds) do today?” The biggest uncertainty facing Americans today and driving them to feel they have to DO SOMETHING RIGHT NOW is not whether there is going to be a depression or not. Our economy is so FUBAR by people who weren’t smart enough to see the long-term ramifications, did not listen to those that did, and currently no longer have any interest in saving it. Rather, it’s these questions: “Will our country survive until the 2010 elections?” “Will there be 2010 elections?” comes in a close second. This goes way beyond whether there is going to be a depression or not, this speaks to America not being America anymore, and Americans no longer having the opportunity to make their lives better. I want my readers to let me know where I am wrong about this. We all have been dancing around the unspoken question about the next march on Washington, D.C., and I still don’t have an answer for that yet. I am guessing that march will happen when we, as a nation, wake up one morning and our dollar is worthless. People become fearless when they have nothing more to lose.
As for our economy? We all know they are going to crash it. THAT is the slow motion train wreck started years ago in Congress, and fueled by The Fed.
Case in point, India.
Nov. 25 (Bloomberg) — Gold climbed to the highest price ever as the dollar’s slump deepened and on a report that India may buy more bullion for its central-bank reserves.
Gold reached a record $1,184.70 an ounce and has rallied 12 percent since Nov. 2, after India said it bought 200 metric tons from the International Monetary Fund. The country, the world’s largest gold consumer, may buy more from the IMF, the Financial Chronicle reported. The U.S. Dollar Index, a six-currency gauge of the greenback’s strength, fell to a 15-month low.
“There is a lot of central-bank buying, hedge-fund buying and gold is obviously getting to $1,200 an ounce before the end of the year,” David Lee, a trader at Heraeus Precious Metals Management in New York, said in a telephone interview.
Gold futures for February delivery climbed $14.30, or 1.2 percent, to $1,181.70 at 10:47 a.m. on the New York Mercantile Exchange’s Comex division. Up for a ninth straight session, the most-active contract is headed for the longest rally since August 1982.