Scanning The Headlines
Interesting headlines that I think give weight to the idea that we’re absolutely in a depression – a belief that I firmly believe. First headline: Highest Poverty Rate Since 1994. Love this one… FedEx profit doubles, but plans to layoff 1700 people. More evidence of corporations increasing profits by cost cutting (labor) and/or generating profits from overseas business. This is indeed a negative headline despite the boost in profit. Here is potentially the most disturbing… Democrat Congressmen Waxman and Weiner have scheduled a hearing on gold. These clowns want to investigate companies like Goldline that might be selling gold for higher than its worth. How about we disclose how much a quarter is worth with regards to its melt-down value? The war on gold is just beginning guys. This will intensify as gold remains one of the few things that can’t entirely be manipulated by politicians. As the war on gold escalates, so will its price. $1300 is close.