"John Williams of Shadowstats.com predicts, "You're going to have a dollar panic, but I can't give you the exact timing on that." Another potential problem is a credit downgrade of U.S. debt. Williams says, "If we get a downgrade here, that would accelerate the process of the dollar selling and moving us again into the early stages of hyperinflation." Williams says you can protect your wealth by holding hard assets. Williams goes on to say, "If your assets are denominated in dollars and Treasury bonds, those will become worthless in hyperinflation." Join Greg Hunter as he goes One-on-One with economist John Williams."
John Williams is very respected economist who is providing the real economic data, which is not massaged by the government desires and wishful thinking. His view at the crucial juncture for US Economy and Health of US dollar us very important to share now.
Gold celebrates today "The Deal" and it looks like that Debt Ceiling Raise Does Mean Increase in the Amount of debt after all.
"Jim Rickards steps in with his analysis of the recent China Call to De-Americanized World and its implications for the Gold market. China buys Gold by tons now on the dips and taking the physical delivery."
ZeroHedge: China's Official Press Agency Calls For New Reserve Currency, And New World Order GLD, MUX, TNR.v, GDX
"All the pieces from this Puzzle are getting into place now. China is happy to accumulate Gold at the artificially depressed levels and ZeroHedge reports about the next step in its state-level planned asymmetrical warfare against the mess called the U.S. Now the recently announced euro swap transaction with ECB is getting the new meaning and the discussion about the factors behind the ongoing Gold smashdown and its manipulation take the new geopolitical importance. We are talking here about the End of Empire and the end of US Dollar as The Reserve Currency of Choice with the very broad economical implications."
Andrew Maguire: Gold Smashdown, FED Defends The Dollar And How Goldman Sachs Operates. GLD, MUX, TNR.v, GDX
"Andrew Maguire presents to us the chronicles of ongoing war behind the curtain with FED defending the US Dollar at the crucial level 80.00 and how the FED's #1 Gold Prime Dealer Goldman Sachs operates in the Gold market. Now we have more information on why Goldman Sachs has issued the Sell Call on Gold last Wednesday.
All these revelations will never lead to the higher Gold prices without Buyers and one can argue that this manipulation can go forever. According to the Andrew Maguire the key crucial difference now is that Central Banks are buying and, particularly, China is taking all available Gold for physical delivery now."
"While a lot of people are still wondering why the Gold is beaten down again, it is important to keep the big picture in front of you. As it is happening with Copper now the main player in this market is the same - China is on track to implement state level plan to diversify US Dollar based assets.
We would like to share with you brilliant report conducted by Jan Skoyles on this subject."