Monday, November 15, 2010
Race to The Bottom
Who do you think will win the race to the bottom between the U S Federal reserve note and the Euro, against Gold? No one can predict the future, but if a picture is worth a thousand words, then the picture above screams Fed note a thousand times.
The picture denominated against Silver tells a similar tale of woe for the world's reserve currency.
Gold, the old relic economists call it. Well it's been around long before the practice of the Keynesian junk they call a science, and despite all the bid rigging it's still performing better than the U S Dollar counter-fit printed from thin air that is now the Fed note. Wanna bet who's around longer.