tag:blogger.com,1999:blog-1000693475811208558.post8059264771700989779..comments2023-10-24T06:15:28.557-07:00Comments on Same As It Ever Was: Dollar fire SaleMr Lennon Hendrixhttp://www.blogger.com/profile/07859347238367669491noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1000693475811208558.post-3654412000544047212011-04-13T03:57:24.444-07:002011-04-13T03:57:24.444-07:00Keep posting please!Keep posting please!kindabluzzayhttps://www.blogger.com/profile/00950867112810326395noreply@blogger.comtag:blogger.com,1999:blog-1000693475811208558.post-65166459162909035662011-04-12T18:44:18.897-07:002011-04-12T18:44:18.897-07:00The debt ceiling is about to be breached. If the ...The debt ceiling is about to be breached. If the ceiling is not raised, it is it is game over, because it is breached. This is obvious. If it is raised, then the world knows the US is indefinitely postponing any realistic measure to reduce its absurd consumption level. This catch 22 is about to be put in front of the global firing squad. This, sometime in the next two weeks.<br /><br />The reason that it will affect gold prices, and thusly all of finance, is because gold is the only real collateral that Central Banks own. Gold is about to be put up on auction at a time when it has been leveraged to its maximum. It has been leveraged at maximum by the said banks moving it to their asset side of their ledgers, and loaning it out. They can not collapse the loans due to i) demand and ii) said leverage. Basically, it is coming down to the wire, and there are no solutions, other than for gold to rise to a new price level. The price level will blow out this one's, and it could spiral to thousands of dollars in the next couple of years. That if there is a dollar metric to be had.Mr Lennon Hendrixhttps://www.blogger.com/profile/07859347238367669491noreply@blogger.comtag:blogger.com,1999:blog-1000693475811208558.post-32176706507693512452011-04-12T17:38:11.377-07:002011-04-12T17:38:11.377-07:00Mr. Lennon Hendrix what is your opinion for the ne...Mr. Lennon Hendrix what is your opinion for the next two weeks on PM's and oil....I read your comment on Turd last week about this next two weeks been a turning point?...thanks. very interesting blog...keep on going.campagnolohttps://www.blogger.com/profile/07828812334049873267noreply@blogger.com