When I Said The Lowest-Ever Inflation Adjusted Gold Price, I Meant It! 


Source: Miles Franklinby Andy Hoffman

So you understand just how dire – and global – the “Greatest Depression” is becoming, here’s a sampling of the “PiMBEEB,” or Precious-Metal-bullish, everything-else-bearish headlines of the past 24 hours alone.  Which cumulatively, tells you all you need to know about how all Central banks will respond into the foreseeable future.  Or, more accurately, forever – given that fiat currency regimes by nature are Ponzi schemes; which consequently, must expand exponentially; whilst maintaining public confidence; to prevent immediate, spectacular collapse.

  • 98% of Greeks consider their economic situation bad, survey says
  • South Africa unexpectedly plunges into recession
  • Stressed Australians struggle with record debts
  • Spain’s Banco Popular bailed-in, acquired by Santander for €1 (my comment, can you say Cyprus, and Bear Stearns?)
  • It’s their going out of business sale – Venezuela struggles to sell $5 billion bonds
  • Qatar-strophe Strikes…

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