Wednesday, September 18, 2013

Gold Backwardation

Here's Karen Hudes again, thankfully getting around and telling her story. The last time gold was in backwardisation was in 1970 - just before the US came off the gold-standard under Nixon. She says the coming economic collapse will make others in the past pale by comparison:

It's not 'if' the banking system goes under, but 'when'. Personally I think this has been brought about deliberately as part of a long-held agenda, but when it collapses it will be made to look like it was just because of QE to infinity, war, bad policy decisions, etc. Then we'll have a few months of unimaginable hell, then the new (already designed) global banking system, but this time it will be on your mobile 'phone, with no High Street branches - 100% digital.

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