watch 4 corners next week, page-30

Will be interesting to see the true state of Obama's America on 4 Corners.


Obviously the billions of QE has made not much of a difference and the only Americans to benefit were the wealthy while the working class and middle class living in poverty increases. No wonder why Obama wanted to tax the high echelon of wealthy Americans to recover the QE money that has been wasted.

Every time the price of gold climbs to $1,700 the market jitters and panics because of "RECOVERY IN THE US", hopefully tonight it lets doubter, investors and traders know that recovery is a long long way off if at all.

Based on past precedents of printing money this always leads to high inflation and the only way to control inflation is to increase interest rates which in turn increases gold prices. Obviously America’s working class and middle class that are living in poverty is growing . Therefore the US won't increase interest rates because there would be a series of devastating defaults again that would cripple the US and given the state of the US they would not be able to use QE again to bail themselves out again.

Hence the reason gold prices will go up and why NST is in a good position.