Loads of codswallop is never far away on the gold forum and yours is an excellent example. Financial periodicals were warning for years of unsustainable amounts of debt and shonky instruments being promoted to unsuspecting companies and local bodies.
I changed my superannuation from 100% balanced to 50% balanced/50% cash, was I a financial genius? No, I never went to university, studied economics, I read the news.
Most countries have debt, what's the problem? Most people have debt, so do farmers and companies to finance high cost items or stock, big deal, New York went bankrupt years ago, but it's still there.
Gold is not controlled by corrupt banks any more than they control the price of dairy cows, feeder calves, zinc or orange juice, you should lay off reading the moronic conspiracy websites and check out the real news. Gold is not scarce, they mine more every year without fail and stupid Indians and Chinese are losing schiffloads on their '5000 year store of value'.
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