Hang on tightly to your certified gold investments, it looks like 2011 will be a banner year for Wall Street bull – and we’re not talking market.
Posted by Adam King on January 06, 2011
Hang on to your certified gold.
January 06, 2011 – Hang on tightly to your certified gold investments, it looks like 2011 will be a banner year for Wall Street bull – and we’re not talking market. The slightest bit of good news is all the PR guys need to paint a rosy picture of things to come.
It boggles the mind that Wall Street and its partner in crime, the US government, think that if they toss us a bone – a phony one at that – all of a sudden we will stop seeing problems that are right in front of our eyes.
The vast majority of Americans can’t be buffaloed by the official inflation figure of 0% for two years running. A quick look at the real estate section of the newspaper will tell you how well the housing market is coming along and the jobs section of papers across the country is a joke.
So why aren’t things getting better? It’s simple: the government is busy trying to fix things that don’t need fixing while ignoring the really hard things it ought to be fixing. Current policy is has one objective only – pumping up the equities market. But the market is already overinflated and sooner or later that bubble has to burst. It is understandable, however. Without the government’s help the top five wall street banks might not have been able to lavish $90 billion in bonuses on their employees last year.
Here’s another example, unemployment. The government wants to make the rich even richer, which of course will create all kinds of jobs. But that will be of little use to the millions of Americans who are underemployed or have given up hope and are now living on assistance or sharply reduced Social Security benefits.
Until the governments gets to work on the real problems we best hang on to our certified gold.
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market
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