I have been following this very closely actually; it's a good distraction from my pending divorce. I expect things to come to a cross roads somewhere in the next 2 weeks. Gold is already at an all-time high whilst the value of the "almighty dollar" starts to fall. The US dollar, being gold-weighted, depends heavily on the demand and supply of gold...much of which they control through reserves held since they emerged as the only superpower left. If the gold price stays anywhere between $1550 and $1575 US, a lot of interesting things can happen. First things first, we'll probably see a new superpower emerge from the east, possibly one of the so-called poorer countries that has been pushed into production because of cheaper labour costs. Also, we might see the emergence of a new superpower, probably one whose currency isn't gold-weighted; copper isn't a bad choice here. All in all, it's going to get a bit tricky to really predict the economic climate right now because the decision made on Capitol Hill will ultimately affect the entire world and as such Economists are asked to forsee who shall survive. Jeron
From: wim_from_holl...@hotmail.com To: bpe...@austin.rr.com; grodg...@austin.rr.com; tmic-list@eskimo.com Subject: RE: [TMIC] OT - this is scary Date: Sat, 16 Jul 2011 14:44:05 +0200 We do follow this every day on the news. We can't imagine that is still all politics to hold all the plans back, because not only the US is infold, the hole world is. We here in Holland has to deal with cit backs on social security, healthcare and higher taxes. Not that we like it, but those were nessary. Not that we agreed to all the choises, but one way or the other, you have to make them. You have to do something at the guild for eaach person of more than $130.000, we here get nervous of a guild for each of $15.000. It is no longer left or right, democrat or republican, we can't go live on as nothing happend. When your econemy goes down, it effects the whole world. Money will tumbling down in falluw, banks will go down and everyone sooner or later will lost a part of his money. Wim Date: Sat, 16 Jul 2011 02:01:52 -0500 From: bpe...@austin.rr.com To: bpe...@austin.rr.com; grodg...@austin.rr.com; tmic-list@eskimo.com Subject: [TMIC] OT - this is scary Have any of you folks seen this? SCARY! http://news.yahoo.com/economic-outlook-grim-no-debt-deal-reached-194155807.html
