How can broke economies lend money to other broke economies who haven't got any money? silver bullion
This is a satire and some of the figures may be off but this shows just how crazy the entire monetary system is. Take a child and explain to them how debt works, do you think it would make sense?
Once again, the Aussies point out something that makes you think.
The European taxpayers are going to have a massive tax burden to contend with due to these bailouts and then the inflation stemming from the currency transactions will make it hard for them to recover in a timely manner.
I don't see how the fact that the majority of the U.S. National Reserve consists of gold bullion while China's consists of U.S. Currency makes an impact on this situation. The U.S. has most of the World's gold.
Every news agency on the planet needs to air this during prime time. Regardless of the obvious satire, it is probably the single best explanation of the economic crisis ever filmed.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Sunday, January 2, 2011
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Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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