The Federal Reserve estimates that in the past year losses in real estate, stocks and mortgages have sucked out some $7.2 trillion of wealth from the U.S. economy. Some are now putting the figure at $20 trillion. A massive recession is starting and will likely spread throughout much of the world. These forces have exerted their classic strong downward pressure on the price of gold. FULL ARTICLE
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2 comments ↓
With all the dollars these people are pumping into circulation to bailout their corporate buddies, we can be sure the value of the us dollar is going to plummet even further in the next few years.
I often wonder why it’s actually “illegal” to buy and sell in gold rather than US federal reserve notes….maybe the government doesn’t want the competition?
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