First two very good quotations from investment guru Jim Rogers:
Europe's got some bad problems but the entity as a whole is not nearly as deep in debt as the U.S. They don't have a huge balance of trade deficit, like we do. - in CNBC europe
Europe has a few bad, bankrupt states, so does America. We've got Illinois which is bigger than Greece, we've got California, we've got New York, you know those are pretty big states that have serious economic problems. We have pension plans in America that are terribly under water. - in CNBC
So why then are all AngloSaxons analysts focusing right now on Europe and how can anybody sane even mention US Treasuries and the dollar as a safe heaven for investors?
http://www.youtube.com/watch?v=aC19fEqR5bA&feature=player_embedded
and here a quite amazing "analysis" made by this "journalist". Fact is that US liabilities including also all off balance debt already is OVER 500% of GDP. How can anybody then even argue the US dollar is "safe". Then she also fails to mention margin requirements for precious metals has been hiked now in an ever escalated fashion.
http://www.youtube.com/watch?v=aWyrjwXoIqA&feature=player_embedded
The CME (Chicago Mercantile Exchange), the world’s largest future market, announced it will raise the maintenance margins requirements from $7,000 to $8,500 for trading gold contracts – an increase of 21%. For silver, the maintenance margins requirements and the initial-margin requirement inclined from $16,000 to $18,500 – a 15% increase.
Furthermore, the initial-margin requirement, or the minimum amount of cash that speculators must keep on deposit, will also incline from $9,450 per 100-ounce contract to $11,475.
This is the third time in the past couple of months in which CME raised margins: it raised margins twice in August; the last time was back in August 25th by 27%. On August 24th, gold price shed 5.59% of its value, and silver price declined by 7.39%.
This decision is likely to be one of the prime reasons for the ongoing freefall in gold price despite the slight recovery in other financial markets such as US stock markets. Coming Monday, this decision may continue to affect gold and silver traders.
http://www.tradingnrg.com/gold-silver-prices-cme-margin-hike-by-21-september-24-2011/
What this now all boils down to is the evident and up in your face manipulation all asset classes via the fake paper markets. Despite hard assets like e.g. gold and oil is in more demand in the real physical than there is supply world paper prices on these assets have been artificially depressed.
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