While the mainstream media has officially declared the U.S. recession over and an economic recovery here, NIA believes what the media sees as an economic recovery is nothing but inflation. We believe the U.S. recession has just begun, but declare that gold and silver mania is officially here. Of course, this is just the first inning of gold and silver mania. The mania won't reach its height until everybody you know who invested into the real estate bubble, abandons real estate and starts investing into gold and silver. Gold and silver investing has for years been looked at as risky and speculative, but soon perceptions will change and Americans will look at dollars as being the riskiest asset of all. Our documentary Hyperinflation Nation surpassed 200,000 views today. We are happy to have already helped 200,000 people prepare for hyperinflation, but we need to help millions more so that the U.S. doesn't become the next Zimbabwe." http://www.reuters.com/article/pressRelease/idUS228786+08-Sep-2009+PRN20090908
Actually, Harry Truman said that in 1958 but Reagan modified it in 1976 in response to Carter claiming that Reagan misused the word depression. Reagan said, "Let it show on the record that when the American people cried out for economic help, Jimmy Carter took refuge behind a dictionary. Well, if it's a definition he wants, I'll give him one. A recession is when your neighbor loses his job. A depression is when you lose yours. And recovery is when Jimmy Carter loses his."
At the time I am writing this reply tens of thousands of people from all across ed this country are marching at our capital. They are having a TAX Revolt! Fox is broadcasting live now check it out!. I guess Americans are getting tired of all the spending! They just announced N Korea is preparing a 3d nuclear bomb test they are fueling the rocket. I think Gold will go up this week with all this stuff going on!
And if the unlployment numbers wouldn't have changed over the years then we would have a more real number. The claims are if you include all unemployed, underemployed, those off of unemployment insurance, those working part time, those that stopped looking for work the number is about 21%
http://seekingalpha.com/article/161231-who-will-claim-victory-with-gold-and-silver?source=yahooIn silver, the bullion banks went short another 8,345 contracts or 41.73 million ounces. That's more silver than the entire U.S. mining industry will produce in one year! As of Tuesday's cut-off, the bullion banks (4 or less) are now net short 56,401 contracts or 282.0 million ounces of silver. See the chart here. These same (4 or less) bullion banks went massively short gold last week as well. The net gold short position by the bullion banks increased by an eye popping 54,089 contracts! That's 5.4 million ounces of gold that the banks shorted in just one week! See the chart here. These overly massive short positions in the silver and gold markets by the bullion banks will be resolved by only two possible outcomes. Either the bullion banks manipulate a decline in prices to cover their shorts, or they get steam rolled by more and more buyers showing up and they are forced to withdraw from the market. If the latter occurs there will be no shorts against all the new longs that will pile into the market, and we will have an historic rise in prices for both silver and gold. If the former scenario plays out we will have lower prices for both metals which will shake out the speculators, with the bail out money behind the banks this could be a distinct possibility. Be ready for either outcome. This next week in the silver and gold markets is shaping up to be a humdinger!
Of course there are other possible outcomes. The regulators can change the rules [they've done it before]. They could permit cash settlement of short positions with the government providing the bailout money for the settlement. They could force the liquidation of long contracts for all but industrial users. They can raise the margin requirement for long side contracts. The short contracts could be accepted by the Federal Reserve as a legitimate reserve asset and rolled-over in perpetuity. There are any number of clever ways to artificially depress silver for some time to come.
