Real Wealth #230 05/27/2009
Russia Warns North Korean Conflict Could Go Nuclear...China Warns Again on the U.S. Dollar
There are two items in the news today that you should be aware of relating to gold, oil and stocks...
Vice President Biden’s warning that President Obama would be tested early in his presidency is coming true.
The situation is so serious the Reuters in Moscow is reporting that Russia is taking security measures as a precaution against the possibility tension over North Korea could escalate into nuclear war.
Interfax quotes an unnamed security source saying ...
"The need has emerged for an appropriate package of precautionary measures.
“"We are not talking about stepping up military efforts but rather about measures in case a military conflict, perhaps with the use of nuclear weapons, flares up on the
The international condemnation has been almost universal including terse statements from both
Itar-Tass news agency quoted a Russian Foreign Ministry official as saying the "war of nerves" over
"We assume that a dangerous brinkmanship, a war of nerves, is under way, but it will not grow into a hot war," the official told Tass. "Restraint is needed."
In the past,
Russia’s President Medvedev told South Korean President Lee Myung-bak, who called him on Wednesday, that Russia was prepared to work with Seoul on a new U.N. Security Council resolution and to revive international talks on the North Korean nuclear issue.
"The heads of state noted that the nuclear test conducted by
The second item in the news item further confirms my fears over the risk that will not put up with the
Richard Fisher, president of the Dallas Federal Reserve Bank, is quoted as saying that officials of the Chinese government grilled him about whether or not we are going to monetize the actions of our legislature."
"I must have been asked about that a hundred times in
“His recent trip to the Far East appears to have been a stark reminder that
Mr Fisher, the Fed's leading hawk, was a fierce opponent of the original decision to buy Treasury debt, fearing that it would lead to a blurring of the line between fiscal and monetary policy – and could all too easily degenerate into Argentine-style financing of uncontrolled spending.
However, he agreed that the Fed was forced to take emergency action after the financial system "literally fell apart".
The Oxford-educated Mr Fisher, an outspoken free-marketer and believer in the Schumpeterian process of "creative destruction", has been running a fervent campaign to alert Americans to the "very big hole" in unfunded pension and health-care liabilities built up by a careless political class over the years.
"We at the Dallas Fed believe the total is over $99 trillion," he said in February.”
These two items in the news should not be ignored.
The reality of the massive and rapidly growing
I’m not sure there’s a cure especially when the
I’ve been recommending semi numismatic and numismatic gold, silver and platinum gold coins simply because I believe the U.S. Government facing a monetary collapse will once again as it did in 1933 seize private bullion holdings from the public. Collectable coins were exempt in 1933 and I foresee the same scenario unfolding.
My staff at Finest Known can be reached at 1-866-697-GOLD (4653) or 1-561-750-1716 and we are capable of providing you the assistance to put semi-numismatic gold and platinum coins in your IRA. Gold and Platinum are both up again today. The longer you wait the more danger gathers and the higher the price you may pay.
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