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<p>[QUOTE="Alegandron, post: 26739449, member: 51347"]I git that… however Interest is #4 on that hierarchy at 1T, with low interest rates. I was decently paid throughout my career, paying in deeply (the maximum) for the ‘entitlements’ of SS 1.6T and Medicare 1.9T I paid for and deserve them. Military is being pushed for 1.5T… up from 1T.</p><p><br /></p><p>I understand why gold is high, and why other nations are looking to gold as a reserve currency. I am not so sure a long term continuance of support for the bond market will be there. China is amassing gold beyond what is reported. Separate banking clearings outside of the Swift / Fed system is arising. Is it possible we have our Western financial heads in the sand? Are we becoming a closed echo chamber of the shrinking Western World?</p><p><br /></p><p>We all need to remember, albeit we are a major economy, that there are other major economies in the world. China is number 2. </p><p><br /></p><p>These comments have nothing to do with politics, rather I am probing the financial underpinnings driving gold and silver prices.[/QUOTE]</p><p><br /></p>
[QUOTE="Alegandron, post: 26739449, member: 51347"]I git that… however Interest is #4 on that hierarchy at 1T, with low interest rates. I was decently paid throughout my career, paying in deeply (the maximum) for the ‘entitlements’ of SS 1.6T and Medicare 1.9T I paid for and deserve them. Military is being pushed for 1.5T… up from 1T. I understand why gold is high, and why other nations are looking to gold as a reserve currency. I am not so sure a long term continuance of support for the bond market will be there. China is amassing gold beyond what is reported. Separate banking clearings outside of the Swift / Fed system is arising. Is it possible we have our Western financial heads in the sand? Are we becoming a closed echo chamber of the shrinking Western World? We all need to remember, albeit we are a major economy, that there are other major economies in the world. China is number 2. These comments have nothing to do with politics, rather I am probing the financial underpinnings driving gold and silver prices.[/QUOTE]
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