Doug Eberhardt

USD/JPY correlation to gold useless? lol. . We make money up or down with JNUG and JDST and if you bothered to pull up a chart, you would see the correlation.

This article was taken from my website where I write but they changed the title to something that doesn't make sense as to what the article is about. The original title is; Currency Implosion Venezuela; Who's Next and Gold Thoughts It can be found here: http://buygoldandsilversafely.com/gold/currency-implosion-venezuela-whos-next-and-gold-thoughts/

Thanks Danny, got it back from editors Thursday, adding some last minute data, then about 2 weeks or so with formatting company. Hopefully out in 3 weeks.

Think global George Bloom. The interconnectedness of banks will affect everyone during a deflationary credit contraction. Look at the bank balance sheets. It's described in my next book, Illusions of Wealth http://illusionsofwealth.com - due out in a few weeks.

* such a silly comment. Google my name and "gold $1000."

Preston, You obviously don't know what I have written over the past couple years to make suchanges a silly comment.

My predictions the last few years have been spot on no matter what the Fed does. Of course blaming everything on the Fed is a typical response from the uninformed.

Silver is priced well for most investors, and might get a little more cheaper. It's not going lower for the next 3-5 years, but will be double in price by that time. "Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.". -- Norm Franz

It was still a double top and gold proceeded to do exactly what I predicted it would do. In fact my next article written the 29th predicted gold would fall till the end of the year. It has. My latest article predicts a bump up in price in January before one more break of the lows. Then we're off to the races. A bumpy but prosperous ride it will be.

Going off on a tangent there Tree Hugger. I simply pointed out that the "have-nots" are doing just fine here in America. Look at the have-nots in all other countries and tell me which ones have free food? Which ones can get welfare checks? Which ones have free health care? You are so concentrated on how well the 1% are doing, but can't see that most here in America are doing just fine. It is the government that will screw it up. This is the issue. I personally am doing something about self sufficiency for all. What are you doing?

Hi Gene, (difficult to post, so trying again) sorry for any repeats... I appreciate the comment. I am speaking primarily of the nations top 5 banks who have more sub-investment grade derivatives than at the height of the 2008/2009 financial crisis. Dodd/Frank did nothing to curtail this and it is never mentioned in the mainstream media. Where you and I differ on the rest is of course the "when" on the economy rebounding. I see nothing in my crystal ball that will all of a sudden spark the economy and cause things to improve because of some magic business plan working for the majority of companies traded. We have a long, drawn out recession ahead of us, lower stock prices (read Ed Easterling's work) and Bernanke (is) could turn it into something worse with his meddling. Higher rates can come via the market action just like in Europe with Spain, Greece and Italy and more countries to come. Japan is on the brink leading the world in Debt to GDP with an aging population. The Fed is tied to Europe already and it is indeed the banking system, despite its higher capitalization as you mention, that is based on a flawed fractional reserve framework, and is literally a house of cards that a few more wrong derivative bets will bring down.

Hi Gene, I appreciate the comment. I am speaking primarily of the nations top 5 banks who have more sub-investment grade derivatives than at the height of the 2008/2009 financial crisis. Dodd/Frank did nothing to curtail this and it is never mentioned in the mainstream media. Where you and I differ on the rest is of course the "when" on the economy rebounding. I see nothing in my crystal ball that will all of a sudden spark the economy and cause things to improve because of some magic business plan working for the majority of companies traded. We have a long, drawn out recession ahead of us, lower stock prices (read Ed Easterling's work) and Bernanke (is) could turn it into something worse with his meddling. Higher rates can come via the market action just like in Europe with Spain, Greece and Italy and more countries to come. Japan is on the brink leading the world in Debt to GDP with an aging population. The Fed is tied to Europe already and it is indeed the banking system, despite its higher capitalization as you mention, that is based on a flawed fractional reserve framework, and is literally a house of cards that a few more wrong derivative bets will bring down.