Friday, October 14, 2016

The Current Gold Price Is A Gift
GoldSwitzerland's Egon von Greyerz makes the analogy to the 3 wise men bearing gifts - one of which was gold - to offer Jesus .. explains how Draghi – head of the ECB, Li Keqiang – Premier of China & Abe – Prime minister of Japan are bringing gifts, each in their own way are positive for gold .. extends the analogy to include Fed Chair Janet Yellen .. "Yellen’s situation is hopeless. She is central bank head of the most indebted country in the world with absolutely no chance of ever repaying these debts. With derivatives and unfunded liabilities approaching $2 quadrillion she would require a wisdom that she does not possess. Not that anyone else could solve it either. The only solution would be Deus ex Machina but even this is not likely. Thus the four 'wise' individuals with the power and position to save the world from the biggest collapse in history neither have the understanding of the problem, nor the tools to prevent the inevitable fall of the financial system. But that won’t stop them from trying. They will do the only thing they know which is to print money of a magnitude that the world has never seen before leading to“the final and total catastrophe of the currency system involved."
LINK HERE to the essay

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