Hi Rabbitoh, (& morning everyone else)... golden times for sure, but your comment that if Mr Parrots theory was right, then gold would have tanked in 2008 is a fair comment, but worng. The financial risk to the world was perceived to be a credit crunch caused by corpaorate banks, and although those banks had massive internal ecconomies, ( more than most countries GDP) the problem was thought to be corporate, so in a tried and tested methos all the so called proffessionals ran to the safe haven of the US$. this time thought we lknow the debt crisis is now not corporate, but soversign. and not in a country the size of greece, but in the worlds largest economy..... and a few other BIG ecconomies too. thats the difference. right now we are on the equinox of change in the way the world funds itself. for 30 years we've been on the never never in the west, and becasue of moving production, we have extended the buying spree by artificially keeping products low by having them made off-shore. now the games up, the western economies in relative terms make nothing to pay off their debts, their currencies will become less and less able to buy the products, no matter where they are made and the shift in fiscal-geopolitical power will then move east. china WILL be hit, as they need to derive income form outside of china. but their domestic demand will keep them form the ravages of a massive global recession. the central abnkers can fiddle around the edges as much as they like, but the end of the US century has come and gone.
