-- Posted Wednesday, 9 May 2012 | | Disqus
If today's landscape was a war setting, it would feature collapsed buildings, rubble on the streets, empty warehouses, smoke spewing upward from numerous city heaps, and fire hoses sending water in every conceivable direction throughout the entire city. And sadly, also dead bodies littered everywhere. They serve as the economic damage. The city ruins are marred by additional water damage, rubber boots a necessity. The buildings can be seen as the crumbled sovereign bonds. The street rubble is the home equity destroyed, some still underwater. The shattered warehouses are businesses either wrecked or in fast retreat. The smoke is the painful emotions based in despair, loss, and absent opportunity. In stark display, the fire houses are the central banks printing and dispensing money from tainted sources, not from factory income but rather the vacuous Weimar press. Of key significance is the compounded damage inflicted by the water itself. ZIRP and QE are tandem weapons of mass destruction that have been at work toward business destruction and capital ruin of the USEconomy for three full years. The zero interest rate policy assures the wrong pricing of money, the capital fuel, thus distorting all markets. The quantitative easing is based in extreme desperation, as the USGovt has lost the majority (80%) of its foreign creditor support.
The celebrated bond monetization assures the steady rise in cost structure which forces a vanishing of business profitability. The nation was taught improperly in pure heresy from USFed high priests that the free flowing liquidity was good, as the housing market expanded (bubble #1) alongside mortgage finance (bubble #2). The public was told incorrectly in 2007 that the damage would be limited. The Jackass forecasted absolute bond contagion and destruction, which has come to pass in shocking style. The sovereign bond collapse in Europe, where the USDollar printing must be conducted through the swap facility conduit, is evidence of the absolute destruction. Witness the collapse of the global fiat monetary system. The supposed solution from evermore central bank monetary creation has compounded the problem by adding to capital ruin. No solution within the current monetary framework is possible, thus the demand for gold. Impairment has moved from the margin to the core from water damage. Central banks, big corporate bankers, and finance ministry heads have no clue what to do and have begun to display their panic. They are out of options.
Conditions for gold investment and price rise could not be more perfect in the current environment. The infusion of fresh money without basis has led to historically unprecedented monetary debasement. The ruin of money is well along, certain to continue in greater amplified manner. The solutions based in debt gauze and debt ointment cannot cure the indebted patient suffering from debt breakdown and bankruptcy. Central bankers, looked to for leadership, have no clue what to do. They turn repeatedly to a broken first aid kit. The United States has seen over $3 trillion in new money shoved into the system in the last couple years. The European landscape has been overwhelmed by over $3 trillion just in the last several months. Yet no remedy is remotely visible, the new consensus. France has taken on the popular virus, calling for socialism in stronger dosage, to help the people. Spain is emboldened on the socialist theme, having given clear signals in rejecting austerity also. Italy could soon be worse infected, as unelected castle appointee Mario Monti must worry about being tossed off a balcony. The Greece showcase of failed solutions is visible to all, hardly the path other larger nations wish to follow. But the Greeks had no legs, no courage, and no guts to resist. Their leaders bent over at every request. Iceland stands as the workable model, whose solution rested on nationalizing the banks and repudiating debt held by banks.
The smell of monetary ruin is everywhere, as investment houses and private investments struggle to determine what money is anymore. It surely is not the fiat paper coerced as legal tender that is backed by debt and not output. However, in this perfect situation for gold investment, the main thrust powerpack is negative real rates. The prevailing ultra-low official interest rate is far below the reality-based prevailing price inflation rate. Even the 2% yield on the 10-year USTreasury is far below the true price inflation, whose annual rate is measured between 9% and 11% for several months by the unerring Shadow Govt Statistics craftsmen.
The mainstream has chosen to trot out some supposed experts among the elite business class. The banker class has been discredited. The Wall Street lieutenants appear more like mafia dons, smirking with Cheshire grins over unprosecuted $trillion fraud committed in serial fashion. So from Berkshire Hathaway came Charlie Munger to denigrate gold. He does not look like he misses any meals, nor has Warren Buffet's portly son. Neither have any gold credentials whatsoever, unable to recite even the basics of the market or its chief driving factors. Munger stated (as though an authority) that gold was not an investment for the civilized. Oracle Warren Buffet sold silver early, so he claims, back in 2003. What a grand lie! He followed Hank Greenberg's lead and created an income stream in selling option calls. The practice made Warren a liar, since he constantly proclaimed precious metals offered no income. When Warren's 129 million silver ounce hoard was called away in an option settlement, the Barclays gang took it and started the corrupt SLV exchange traded fund. Later it was sold to JPMorgan, where it has been corruptly managed ever since, to keep America strong. Their stock & trade is naked shorting of the metal, selling paper futures contracts with no posted collateral. Heck, on February 29th, they sold more paper silver in one hour than was produced by mining firms globally in a full year. The wonders of financial engineering by the New York & London crowd are glaring, the pus for which is visible from MFGlobal account thefts.
In the same manner, Bill Gates of Microsoft fame was trotted out. He had fewer words of wisdom to share on gold, except that it was speculative. Neither Munger nor Gates seems aware that the flow of financial crisis events and their aftermath reflect not in any way shape or form on civilized nations. Neither Munger nor Gates seems aware that investment in protection is highly prudent and justified against inflated asset breakdown, against debt saturation implications, against secretive elite cornering of official aid, against bailouts with new debt to cover old debt, against sovereign bond crumbling, against absent economic stimulus with meaning, against systemic capital ruin, against chronic job loss. But the Jackass digresses, certain to be called extreme and wild until the next dire forecast comes to pass in a long sequence of correct calls. To be honest, my forecast record has taken a nice turn toward the rosy and charmed ever since taking Rob Kirby's advice not to forecast long-term US interest rates anymore. He called the USTreasury Bond market the most corrupted interfered controlled and mangled of any market in the world. That was back in 2009. How true! See the Interest Rate Swap for long-term rate management. See the USFed for its chief buyer of USTreasury Bonds in a balance sheet wrecked as badly as the European Central Bank, both badly and irreparably toxic. They preside over monetary wreckage and banking system ruin.
The gold cartel has used a favorite piece of propaganda since 2003 when the bull market began in earnest. The claim has been regularly made that the gold bull is tired and exhausted since jewelry demand has fallen off. Any student of gold can tell you that tapered jewelry demand is solid confirmation of the gold bull market. It serves as an extremely reliable gold contrary indicator. It is easy to explain. People buy fewer necklaces, bracelets, and other valued objects, since they cost more in a noticeable manner. Some turn to selling old unwanted jewelry, especially if a reminder of a lost love interest. In its place comes a torrent of investment demand, where not $300 is spent on a piece for a lovely neck, but rather $30 thousand or $3 million in gold or silver bars. Investment volume is at least an order of magnitude greater than for jewelry. The motive for jewelry is often discretionary in the West, but a method for the lower and middle class to save in the East. The gold cartel trots out the idiotic vacant propaganda about sagging jewelry demand every four to six months, in order to fool the stupid masses. It works for some, especially those with lazy herd mentality research and with inadequate brain stems. To be sure, sluggish jewelry demand is a very reliable contrary signal to confirm a gold bull market, always has been, always will.
A sidebar note on Microsoft. When Gates was faced with anti-trust violations and potential breakup in 2004 and 2005, which would have been justice meted, he argued that the firm was a colossus to be sure, but was successful in innovation and needed to remain intact. Ever since reading the unauthorized biography entitled "Hard Drive" back in 1992, my trails have followed the Microsoft path closely. Their marketing innovation was sequential date rape, inviting the next generation for product development, hiding the systems software guys with swapped business cards, offering up a few $million to ambitious fools, then pulling the plug after the fools showed their trade secrets and copyrighted software (lifted their skirts, in the trade parlance). Months later, Microsoft would produce a competitor product, with the advantage of making the hooks efficiently tied to the operating system, but with broken hooks for the competitor products. So much for product innovation, Mr Gates. Their innovation was evident in the crappy products released for database management, like MS Access which is denigrated by every database expert the Jackass ever talked to. Oracle DB is for professionals, and MS Access for amateurs lacking standards of excellence who are required to use it.
The list of such violated companies is as long as a page, led by Ashton Tate, Micrografx, and Stac Electronics. In fact, the Jackass had a nice investment in Stac (CLICK HERE for background). Note the complete lie about talks for licensing, as intimidating requests for donation and zero compensation does not constitute as talks for licensing at all. Stac Electronics produced a software product that virtually doubled the disk drive capacity in the 1990 decade, long before 40gb was a standard hard drive, and compression was made obsolete. Recalled well were the words of my stock broker, who urged me never to bet against Microsoft, or Big Mo as he called it. He said any investor betting on the first successful infringement lawsuit against Microsoft was a surefire loser. Not!!! What the Jackass bought in Stac stock at $1.50 per share was sold at $4 to $5 per share about one year later after Stac won a lawsuit for theft of product, the first against Big Mo. To be sure, the Jackass did not have any great string of investment wins, but some.
Later, the MS Windows product development was unveiled further in ugly public glory. What a travesty in poor software development, totally lacking innovation, a glaring display of shabby software! They stomped on Netscape after severe intimidation, after they refused to donate to the MS Monopoly Kingdom. As it turned out, Microsoft bought the also-ran anti-virus software McAfee after Norton told them to get lost. They essentially appealed to the third best in an assortment of system software utilities, requesting them to donate their software for free, join immortality, and live on. The best and second best obviously refused. The third best were flattered and accepted, having no viable option in a tough marketplace. MS Windows continues to have substandard virus protection. Their defragmentation software is also substandard. Their breakdown recovery software is also substandard. So as for claims to excellence, Mr Gates is a laughing stock. His comments on gold were as deep as a 12-year old child's. Digress no more.
GOLD COVER CLAUSE
A gold cover clause for new viable strong currencies is an idea whose time has urgently come. Consider another often used piece of propaganda that actually exposes the desperation of the gold cartel, and the assumed ignorance of the public once more. The concept goes like this: The gold supply is so limited, so that it could not possibly qualify as a hard asset backing for the money within the global monetary system. How totally wrong! How incredibly shallow! What they do is expose their own greatest vulnerability. Back in 1971, when the Bretton Woods Accord was broken, the gold price was officially set by force at absurd level, like under $40 per ounce. It quickly zoomed in the next decade to $800 in a relief exercise much like a jailbreak of a bunch of anxious men bent on seeking fun after restricted times.
Over the last 30 years, the growth in the money supply has been unspeakable in its huge volume. It could be several tens of $trillions just in official data for only the major nations. It could be well in excess of $100 trillion over the years, after excluding the derivative volumes. The monetary growth is like umpteen multiples over the timespan. Normally, the gradual growth in monetary aggregate would be accompanied by gradual new gold output to match it. The fiat currency system has permitted the expansion of social system networks. It has permitted the series of asset bubbles and busts, a cyclical phenomenon blessed as good by the clownish central bankers. It has permitted unchecked war aggression, complete with private profiteer motive. It has permitted magnificent bond fraud and counterfeit of both bonds and cash, the chief $100 bill violations coming from Langley and Tehran. Just last 2007, the USDept Treasury complained about missing $100 bill templates, a firm finger pointed at Langley, where independent income sources have long been desired and achieved. See the narcotics monopoly they command, with major platforms in Cambodia, Yugoslavia, and Afghanistan over the decades. So the false argument of adequate gold supply is trumpeted, but in ignorance as they reveal the very reason why gold should be priced at multiples higher. If the expanded monetary aggregate (money supply) were to be properly reflected in the price of gold, its price per ounce would be somewhere between $10,000 and $15,000 easily. So the hack argument is put forth on occasion. The rebuttal is that the torrid growth of new money without basis would justify a gold price almost ten times higher, at which point the shortage of gold would not be so acute.
In fact, the gold cover clause would then enter the equation. Note first a quick reference to the fractional concept. The gold cartel enjoys its fractional reserve policy that extends to bank lending and even the illicit gold bullion management. The central banks, sometimes with Congressional input, choose to dictate lending reserves within the entire banking system. In general, 10 to 20 times as much money is lent to borrowers as is held in bank reserves. It is called the fractional banking system. Pain comes only when economies go into reverse, as banks fail like flies caught in window sills during summer heat spells. The gold cartel illicitly extended the fractional practice to their gold management scheme. Investors typically place their gold bullion in the custody of the big banks, which assign Allocated accounts (metal bars identified with specific owners) or Unallocated accounts (cumulative metal pooled with owners of redeemable certificates). Unbeknownst to many supposed allocated account holders, their gold bullion metal is gone, treated to pooling improperly. This is precisely the basis of several multi-$billion lawsuits in Switzerland. The financial press prefers to genuflect and not mention the story to the public, for fear of alarming the investment community into a veritable stampede. The Swiss violations were tipped off to the Jackass in the summer 2010, having escalated into a national crisis but of hidden proportions.
The global monetary system could be backed by gold, but in a cover clause whereby each participating nation would declare a given percentage of gold for redemption upon demand. For instance, the entire world could do very well to create a stable financial platform and foundation for the monetary system with a 5% gold cover clause. If someone holds $100,000 in cash in whatever country, then the holder could demand $5000 in gold bars. A financial firm with $100 million in cash could demand $5 million in gold bars. The stability of the system would be made strong. The argument of inadequate gold supply would be alleviated during a rendered 20-fold increase in the money stock. Consider the workable 5% cover clause. Furthermore, in times of crisis replete with extensions to the scourge of steady USGovt $1.5 trillion deficits, and multi-$trillion Wall Street fraud, and endless $trillion Western Europe bond bailouts, the gold cover clause could be increased to 10%. In more stable times, the gold cover clause could be reduced back to 5% and even lowered to 3%.
COMPETING NEW CURRENCYS
The flexibility of a gold cover clause device could enable a few competing currencies. They would float, but the linkage to gold would prevent much fluctuation beyond recognized bands. If the Russian Ruble were backed by a 2% cover clause, then that currency could float but drift lower in value. If a Chinese Yuan were backed by an 8% cover clause, then it could float with a higher drifted bias. If a new Euro Mark currency were backed by a 5% cover clause, then it could float with an even keel. The kicker could be the Gulf Dinar, which might be required for purchasing crude oil. The varying cover clause could act in the future monetary system backed by gold as a flexible system where the major nations could alter their percentage in gold cover redemption in much the same way they do nowadays with official interest rates. The many major central banks could actually manage the gold supply in a responsible manner, resorting to mundane duties like counting money and acquiring more gold, rather than the present function where they oversee reckless monetary expansion, control currency debasement, coordinate bond fraud, dispense gigantic grants to the elite caste of banks, and conceal narcotics money laundering.
See the March and April Hat Trick Letter reports for a continued discussion of a potential four currency system, all backed to some extent by gold. An extremely important point on new currency offerings. The opportunity for a second nation to launch a new hard asset currency is ripe when the first is announced. There is strength in numbers when it comes to new currencies, seeking the greatest critical mass. The odd men out would be the USDollar and the British Pound, possibly the Swiss Franc. No doubt in my mind that Japan would sign on with China to create a powerful and solid foundation for Asia. The US and UK would be forced to compete with at least three new strong kids on the FOREX block. The argument sometimes heard is that the Euro cannot break up, the Germans cannot start a viable new Nordic Euro currency, since the new currency entry would be a sudden victim of its own success. As it showed its strong foundation underpinnings, its exchange rate would rise and rise, enough to put the German export industry at great risk. True! But true only if the new Nordic Euro (or Euro Mark) is the odd man out.
Supposing four new currencies were launched, all hard asset currencies, in which the majority of global trade was settled, then the argument has big holes since the existing system would suddenly find itself outside looking in. That is precisely what is in progress of occurring in a system overhaul outside the US-UK sphere, after mammoth planning and execution in the background, with Finnish assistance and big commitments from Russia and China, the lead coordinator being Germany. The key is to produce a new system quickly and responsibly, in a manner with strength and vitality, that does not depend upon faith so much as substance. The Western leaders, principally US, UK, and Switzerland, have amply demonstrated that they prefer fraud and theft to leadership and integrity.
EUROPEAN LIGHTNING HITS
Prepare for a simultaneous currency launch that will shake the Western power structure to the core and cause financial tsunamis from the grand tremors. The trigger could very likely be the sudden collapse of key nations like France, Spain, and Italy together as they reject austerity and push the bond market past the limits. In my view the fuse has been lit. Their banking systems and bond structures cannot withstand any more shock. The popular votes cast against austerity and the present course could instead be regarded as a clear toilet plunger pull, much like a popular uprising. The consensus want no more elite banker bailouts and harsh neglect of the people. The upcoming Eastern SWIFT bank transaction system is almost ready for prime time, its development in progress. The Chinese will take the lead position, taking the flack, pushing the process, which will not resemble the current SWIFT system in the flow vehicle. The transition of political power in Beijing makes the timing perfect. The Iran sanctions served to galvanize the anti-USDollar movement. One source involved in the barter system design, at the fringe of the new SWIFT system, reported that the Iran sanctions did them a great favor, by bringing several newer nations to the planning room for integration in the new global trade transaction system. DO NOT BE SURPRISED TO HEAR IT HAS A GOLD FEATURE TO HANDLE THE TRADE. Rumors to the effect that the Chinese want to implement a gold backed trade settlement system outside the USDollar, have been confirmed by my great reliable indefatigable source.
France will trigger the disruption process. Higher deficits are coming, also to Spain. Both nations reject the austerity built into budgets that clearly does not work. The next major challenge is to finance government debt. Watch for higher bond yields on sovereign debt, the signal for breakdown. The big new wrinkle is widespread rejection of austerity budgets. The major victims will be the big banks, which in my opinion will begin to topple quickly, and require bailouts, even a full recapitalization overhaul, more fuel for the gold bull. Already talk is loud in France over the potential failure of Credit Agricole. The big bank could imminently fail. Its failure seems an easier foreseen event than Lehman Brothers. The bond markets will resist with fierce stubbornness any easy financing of expanding government deficits. The bond traders are typically smart. They expect much larger deficits immediately. They can see that the economies in recession will make for a nearly impossible payback in debt, with certain larger deficits to follow. Expect even grander central bank bond monetization as the process accelerates. The truly stupid debate over QE3 is mind numbing in its empty thought. The Quantitative Easing never stopped. What fools to debate! Like arguing over a possible nasty rain session during an actual thunderstorm. The QE will become a widely publicly recognized phenomenon. The impact will be felt in gold demand, during an orchestra of monetary devaluations. Once again, another major wild card is the bank system recapitalization, whose needs would be several $trillion. It will made more urgent by the new wave of socialists in power, namely in France and Spain. During all this, the stifling MFGlobal effect has removed many legitimate players from the COMEX. It will become an irrelevance, an empty stadium. Perhaps the new Asian exchanges will thwart the Western influence (Rock & Roth gangsters) and take up the slack to produce an honest risk hedge market with price discovery brokering. The disintegration of COMEX, and deterioration of USEconomy will be events for the ages. They already are.
GOLD READIES FOR STORM
My firm belief is that a fair equitable gold price will come only after the price goes dark in the normal traditional paper dominated channels. For over a month, the gold market has been operating like within the eye of a hurricane. At work is a new promising dynamic that most in the gold community seem totally unaware of, without solid sourced information. Repeatedly, my gold trader source, who has numerous billionaire clients on three continents, informs that truly gigantic buy orders are sitting between 1600 and 1680, spaced by 10 dollars apart, having greater volume with each lower notched price in an inverted pyramid. The Eastern Coalition is angry and motivated, fitted with well over $50 billion in a war chest, determined to wreck the New York and London bankers and remove them from their corrupt perch. Gigantic buy orders are being filled, the victims being gold cartel member banks themselves. They are highly vulnerable. They are strapped for cash, confirmed by a separate source. They face margin calls on sovereign bonds of Europe, compounded by some bad FOREX positions. To extract themselves from the pinch of the margin calls, the cartel banks are being forced to sell out their precious metals bullion held in reserve, in order to obtain desperately needed cash. This is a new phenomenon, not seen a year ago, in a total reversal used against them, since in the past, the cartel used the same methods against client hedge funds.
THE GOLD PRICE WILL RISE ONLY WHEN THE EASTERN DEEP POCKETS DECIDE THEY ARE CONTENT WITH THE MASSIVE GOLD RAIDS ON CARTEL GOLD RESERVES, ONLY WHEN ENORMOUS VOLUMES OF ORDERS ARE FILLED AT LOW PRICES, THUS DRAINING CARTEL MEMBER BANKS. The gold price will not rise until the Eastern Coalition has had their fill in a Western diet rich in gold on this round of the Groundhog Day cycle. The last cycle ended in mid-January. This round lasted longer, and involved much more gold taken from the cartel banks. They are badly and soon mortally wounded. Witness the unraveling of abused leverage by the cartel banks. In the process of de-leveraging, the cartel is losing their gold bullion. They are vulnerable, made worse by their insolvency, aggravated by their lack of liquidity. The paper gold price is imploding, but not the physical price. The divergence between paper and physical gold markets is proceeding exactly as previewed a few months ago. It is hard to see, because the great majority of gold investors do not have access to details on $billion gold orders being filled, who is supplying the gold, who is demanding the gold, and the conditions relating to margin calls, complete with motivated vengeance to deliver death blows in a global power struggle. Most people cannot contact their favorite friendly gold trader with a Rolodex of ten-figure clientele and request the latest battle won against a targeted bank. History is being made, but behind big broad curtains.
Unfortunately, the Eastern gold raids waged against the Western gold cartel might be satisfied with gold bullion pulled from the back door of the GLD exchange traded fund. As the Eastern Coalition observes the de-leverage process and swoops to exploit the insolvent condition compounded by lack of liquidity, the demands made on cartel member gold reserves might come from the GLD fund itself. The cartel simply shorts the GLD stock, entitling themselves to vast truckloads of GLD gold bars in illicit grabs. The tracks are covered by altered bar lists, whose track record is so abysmal and faulty that new covered tracks are easily made. The GLD fund is destined for a day like Madoff and Corzine before the Congress, but with far more lawsuits. Given the vast conduits between Europe and the United States, any event triggered on the continent will extend quickly to the US and UK.
The first victim was UBS, stripped of their gold last summer. A hint was given that the next victim might be Deutsche Bank. My other guess is a London player like Barclays is being stripped of its gold, or a big US bank turned timid after the MFGlobal attention. Major players are falling victim to the global financial crisis, better described as the global monetary war in which the USDollar and its USTreasury trading vehicle are the weapons of mass destruction. The race is on to replace them. The Chinese and their allies are the Team East in charge of overturning the current power structure dominated by gold story propaganda, mortgage bond fraud, hidden USTBond monetization, diverse market interference, private account theft, chronic naked futures shorting, controlled regulator puppets, rifled allocated gold accounts, salted gold bars, expansive derivative schemes, abuse of leverage, and numerous $trillion role programs conducted by the USDept Treasury and the Bank of England.
The new monetary platform will have many aspects, such as a vertically structured barter system, a handful of hard asset currencies, and potentially an element of gold in trade settlement. The role of gold in trade settlement is taking shape, a movement which will turn the USDollar into a widely discarded toxic paper, a ticket to the Third World. These are exciting times, if one can avoid the traps and pitfalls, including hooligans bearing USGovt badges offered bounty working against enemies of the state (without definition).
THE HAT TRICK LETTER PROFITS IN THE CURRENT CRISIS.
home: Golden Jackass website
subscribe: Hat Trick Letter
Jim Willie CB, editor of the “HAT TRICK LETTER”
Use the above link to subscribe to the paid research reports, which include coverage of critically important factors at work during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. An historically unprecedented mess has been created by compromised central bankers and inept economic advisors, whose interference has irreversibly altered and damaged the world financial system, urgently pushed after the removed anchor of money to gold. Analysis features Gold, Crude Oil, USDollar, Treasury bonds, and inter-market dynamics with the US Economy and US Federal Reserve monetary policy.
From subscribers and readers:
At least 30 recently on correct forecasts regarding the bailout parade, numerous nationalization deals such as for Fannie Mae and the grand Mortgage Rescue.
"In my 40 plus years of business experience that includes stints in public and private companies as well as entrepreneurial ventures, I have read numerous newsletters in an effort to stay abreast of a rapidly changing world. In my opinion, you seem to be tying the pieces together better than any other source."
(BobT in Maine)
"Your monthly reports are at the top of my list for importance, nothing else coming close. You are the one resource I can NOT do without! You have helped me and countless others to successfully navigate the most treacherous times one can possibly imagine. Making life altering decisions during tough times means you must have all the information available with direct bearing on the decision. Jim Willie gives you ALL the needed information, a highly critical difference. You cant afford to be wrong in today's world."
(BrentT in North Carolina)
"You have warned over and over since Fall of 2009 that Europe would come apart and it sure looks like exactly that is happening. You have warned continually about the COMEX and now the entire CME seems to be unraveling. You must receive a lot of criticism regarding your analysis, trashing the man, without debate. Your work is appreciated. I do not care how politically incorrect or how impolite your style is. What is happening to our economy and financial system is neither politically correct or polite."
(DanC in Washington)
"The best money I spend. Your service is the biggest bang for the buck."
(DaveJ in Michigan)
Jim Willie CB is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics. His career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Visit his free website to find articles from topflight authors at www.GoldenJackass.com. For personal questions about subscriptions, contact him at JimWillieCB@aol.com
-- Posted Wednesday, 9 May 2012 | Digg This Article | Source: GoldSeek.com