Friday, October 29, 2010
Not much explaining necessary here. The prices of all commodities are skyrocketing. The rapidly devaluing U.S. dollar vs. everything will soon reverberate through to your check-out tab at Walmart and Nordstrom's. Of course, as our system descends into Randian/Orwellian Governmental depravity, expect even less truth and more b.s. coming from all corners of D.C. I thought Obama's main campaign promise was to make Government more transparent and truthful.
(source: Casey Research. Edits in red/black are mine)
The only thing that is transparent about our Government is that is has become even less transparent and more dishonest under Obama. As this fact becomes more apparent to the hoi polloi, and as the hoi polloi finds it more difficult to provide a comfortable living environment for their families, we can expect to see even more distrust of fiat money and more people willing to pay a higher price to move what paper they have left into gold and silver. This is why gold/silver have resumed an inexorable move higher this week.
Posted by Dave in Denver at 5:52 PM