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Originally posted by OHOD
Silver and gold are on the rise.
Silver $33.90
Gold $1415.40
Turmoil in the Middle East is a strong component of rising oil cost, thereby resulting in higher gasoline prices.
I've been seeing $3.90 for the good stuff (California)
Possible $5-6 by this summer.
My favorite ice cream bar went up in price from $1.69 to $1.89
12 ounce can of soda at work, from $0.85 to $1.00.
Other food prices are beginning to inflate.
QE2, Quantitative Easing, which is the printing of money by the Federal Reserve, thereby causing inflation.
i dont know where your at but in downtown la gas (i was there a day ago) is almost $5
China is grumbling about the US Federal Reserve Note (the dollar) as the world reserve currency. They are calling for a different reserve currency that could possibly be a basket of currencies and commodities: Gold, Silver, Yuan, Ruble, Oil and a few others. I think the Yen is in there, not the dollar.
Middle East turmoil. When a ruler falls, you never know what is going to happen. Economic and political instability will continue.
One could add that terrorism, Afghanistan, Iraq and Iran could be added to the pot of unrest in that part of the world.
PIIGS, Portugal, Italy, Ireland, Greece and Spain are at the brink of economic collapse. High unemployment, national debt and etc...
Germany and other EU countries have recently talked about pulling out of the union. They have yet to do this, but they have talked about it in the past. Consider that they are "saber rattling" from an economic standpoint. In other words, they want the EU to become economically stable or they will back out of the EU.
England is having their own issues, inflation, cost of education and etc...
The United States seems to have had the concept of Civic Virtue put on the back burner. If you are unsure what this means, read The Fall of the Roman Empire. The theory is that the decline of civic virtue was a component of the fall of the Roman Empire.
So what do you think?
Is a SHTF situation below, on or above the horizon?
Silver $33.90
Gold $1415.40
Turmoil in the Middle East is a strong component of rising oil cost, thereby resulting in higher gasoline prices.
I've been seeing $3.90 for the good stuff (California)
Possible $5-6 by this summer.
My favorite ice cream bar went up in price from $1.69 to $1.89
12 ounce can of soda at work, from $0.85 to $1.00.
Other food prices are beginning to inflate.
QE2, Quantitative Easing, which is the printing of money by the Federal Reserve, thereby causing inflation.
i dont know where your at but in downtown la gas (i was there a day ago) is almost $5
China is grumbling about the US Federal Reserve Note (the dollar) as the world reserve currency. They are calling for a different reserve currency that could possibly be a basket of currencies and commodities: Gold, Silver, Yuan, Ruble, Oil and a few others. I think the Yen is in there, not the dollar.
Middle East turmoil. When a ruler falls, you never know what is going to happen. Economic and political instability will continue.
One could add that terrorism, Afghanistan, Iraq and Iran could be added to the pot of unrest in that part of the world.
PIIGS, Portugal, Italy, Ireland, Greece and Spain are at the brink of economic collapse. High unemployment, national debt and etc...
Germany and other EU countries have recently talked about pulling out of the union. They have yet to do this, but they have talked about it in the past. Consider that they are "saber rattling" from an economic standpoint. In other words, they want the EU to become economically stable or they will back out of the EU.
England is having their own issues, inflation, cost of education and etc...
The United States seems to have had the concept of Civic Virtue put on the back burner. If you are unsure what this means, read The Fall of the Roman Empire. The theory is that the decline of civic virtue was a component of the fall of the Roman Empire.
So what do you think?
Is a SHTF situation below, on or above the horizon?
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