Panic In The West = $150 Silver — Alasdair Macleod 

Alasdair Macleod, Director of Research for Gold Money joins us to cover the sorry state of the US economy, which at this point is on death watch when measured with REAL accounting data like plummeting GDP and the downward revisions in the BLS reports.

In fact, according to John Williams from shadowstats, as the ranks of the unemployed in the United States reaches 23%, the economy is now beginning to suffer the effects of inflation, and Williams says, we are on track to hit hyperinflation of the Dollar in 2016. The problems that caused that 2008 economic crisis have not been addressed or fixed and loose monetary policy continues unabated.

With the average age of a minimum age worker in the United States 36 years old, and with 93 million Americans out of the workforce altogether, hyperinflation of the Dollar is the death knell for the Republic and for all we once held dear.

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We Will Evolve Through Crisis, Not Proactive Change 

I very rarely read back any of the essays I write. But maybe that’s not always a good thing. Especially when they deal with larger underlying issues beneath the problems we find ourselves in, why these problems exist in the first place, and what we can and will do to deal with them. Not all of these things can and perhaps should be re-written time and again. Commentary on daily events calls for new articles, but attempts to define the more in-depth human behavior behind these events should, if they are executed well, be more timeless.

Not that I would want to judge my own work, I’ll leave that to others, but I can still re-read something and think: that’s something I would like to read if someone else had written it. Since a friend yesterday sent me an email that referenced the essay below, I did go through it again and thought it’s worth republishing here. It’s from New Year’s Day 2013, or almost 2.5 years old, which should be a long enough time gap that many present day readers of The Automatic Earth haven’t read it yet, and long enough for those who have to ‘enjoy’ it all over again.

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Euro Gold Jumps Near 2-Year High, Halves 2013 Plunge As Currency Sinks With Sterling, Global Equities Jump 

Adrian Ash is head of research at BullionVault, the world-leading gold trading & ownership service online…

EURO gold prices jumped towards their second-best weekly close in two years Friday, rising 3.9% from before Easter as the single currency sank and spot gold jumped back above $1200 per ounce in Dollar terms.

Erasing an earlier dip, “Precious metals [made a] sharp reversal despite stronger USD,” says one London bullion bank's trading desk, calling it a “bullish sign”.


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