Friday, July 15, 2011
Back in the real world, "It is very scary: the flight to gold is accelerating at a faster and faster speed", said Peter Hambro, chairman of Britain's biggest pure gold listing Petropavlovsk.
"One of the big US banks texted me today to say that if QE3 actually happens, we could see gold at $5,000 and silver at $1,000. I feel terribly sorry for anybody on fixed incomes tied to a fiat currency because they are not going to be able to buy things with that paper money".
What the bubble dwellers do not realise is that, while they are entranced with their soap opera, in their tiny, claustrophobic domain, the world order is falling apart. When the collapse comes, the hungry and the dispossessed come looking for their cause of their pain – and there will be a reckoning. The Keiser Report refers. At the moment, the propaganda keeps the population in ignorance, but it cannot last.
When they wake up, that is when people will start getting killed - and that, as Mary Ellen Synon reminds us, is a path we do not want to take. Maybe there is a window, maybe we can stop it. Maybe ... but there is not a lot of time.