The USD, Gold and Sweet Oz

Hi there

As a new participant to the site, I see a lot of passion and knowledge here, which is great.

I wondered what you thought about the Golden Dinar, the new coin that a number of Muslim countries are beginning to use? see link:

http://www.jsmineset.com/home.asp?V...cCat=&PRID=-1&cSubCat=&archive=&highstr=dinar

The USD is sinking fast and a number of their banks and Investment Houses have huge exposures to a high gold price.

Their personal and corporate debt is increasing, their unemployment is increasing, 31 of the States are increasing the number of poker machines or reducing services like legal aid, or creating brunch in jail on a Sunday to save a meal.

Big Arnie has a lot to live up to....... can he fix California????

Gold is getting closer to $400 USD as we speak and a lot of the gold that has been sold over the last several years is being bought by China, where for the first time since Mao, citizins can legally own and sell gold.

They will also be building the USA's Fords and Chryslers after the negotiations are complete. See link:

http://www.jsmineset.com/home.asp?V...=&PRID=-1&cSubCat=&archive=&highstr=US+States

For the story on the cars, see below. It will be taken off soon, but check out their free week if you're quick enough:

http://www.elliottwave.com/

And theres Oz, sweet in the plum seat. Its all good here, but will prices drop when things get worse in the US?

Or will our strong internals carry us through? Forget the Free Trade Agreement with the US I say, they will just drag us down with them. When the rich yanks leave, where would they go I wonder?

Thanks a lot,

Eric12
 
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