"I believe that we as Americans are about to see a major, major collapse in our national monetary system, and our normal way of life.
Our government has been borrowing so much money (very often using short-term loans), that very soon, we will no longer be able to afford even the interest on these loans.
Today, the federal government has to borrow 46 cents of every dollar they spend…spending that stands at a staggering average of $435.8 million per hour.
But even these incredible figures don’t tell the real story. Or even half of it…"
http://www.endofamerica.com/read-more/
Vid from Stansberry Research:
http://www.youtube.com/watch?feature=player_embedded&v=RN5BLQLA4FA#!
"(Kitco News) - Comex gold futures prices ended the U.S. day session with strong gains and hit a two-week high Thursday. The market was boosted on technical buying and safe-haven demand. Good demand for physical gold worldwide is also a supportive factor for the gold market. June Comex gold last traded up $39.70 at $1,463.10 an ounce. Spot gold was last quoted up $13.60 at $1,445.50. May Comex silver last traded up $1.347 at $24.18 an ounce.
Reports at midday Thursday the U.S. has accused Syria’s regime of using chemical weapons against its own people prompted fresh safe-haven demand for gold as prices moved to the daily high when that news was reported. This situation will continue to be closely monitored by the market place.
The gold market has recently assumed leadership in influencing price direction of the entire raw commodity sector. Gold’s strong rebound from this month’s low is hinting that a near-term bottom is in place for the yellow metal. Just Thursday, as gold prices rallies strongly, so did other major raw commodity futures markets. Such suggests the beaten-down raw commodity sector may also have bottomed out and will see better times ahead.
The International Monetary Fund reported overnight that Russia, Turkey and other Asian nations increased their official gold reserves in March."
http://www.kitco.com/reports/KitcoNews20130425JW_pm.html
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