Commodity Trade Mantra

Posts Tagged ‘Government Default’

Derivatives World Plays Russian Roulette. What’s At Stake?

Total face value of unregulated derivatives contracts (that suck a huge amount of capital out of the global economies each year) is around 1,000 Trillion dollars – depending on who is counting & who is lying. Mega banks sell these derivatives contracts to generate huge commissions & obscene profits, not the public good.

Gold, the National Debt and the Debt Limit - are Co-Related

Gold, national debt & the debt limit have tracked each other fairly well since the year 2000 & have followed each other, more or less, over six decades. Is there any reason to expect this pattern to change? We can depend upon congress to borrow & spend, and gold prices will rise to reflect that reality.

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