yep Hobo I would broadly agree on the scoreboard so far
but Im still on task and scenario
my timings lagging but with K CRudd's little Super Tax addition my view of equities is even worse.
I do not think its within the power of the central banks to re-mediate these issues , in my view they are so great they will overwhelm money printing or fiscal easing, the reason these strategies have failed throughout history is they reach such ludicrous levels the political will fails .
The people faced with massive amount of money being fed to the bankers while suffering through severe austerity will revolt and inhibit the central bankers ability to act .
During the last GFC the money was released and paid by the likes of Paulson before folks really realized what was happening, as the situation develops this time around the central banker options will be severely curtailed.
What gold is valued at in USD is simply immaterial, non of the folks here live in the US, have US assets or sell gold for USD. Gold in USD terms will fall though
