There is suddenly a lot of interest in the idea that the federal government will make holding gold illegal, an example of which is “Is the Confiscation of Gold by Certain Central Banks Likely?” by Julian D. W. Phillips of GoldForecaster.com.
Junior Mogambo Ranger (JMR) Phil S. was apparently as aghast as I was, so he sent the AP news item that “The Treasury Department opened the door…to using a Citigroup-style rescue package to help other troubled financial institutions”, which referred to the scam of the government “backing billions in risky assets and providing a fresh capital infusion.”
By grabbing $26 billion in private pension money last month, Argentina may have put itself on track for its second debt default in a decade – ironically, the very situation that country’s government had hoped its bit of leisure-fund larceny had hoped to avoid.
Markets across the world rally… Just a short squeeze… or a meaningful rally? Lots of action in oil and gold… Gulf power crisis is real – and growing…
