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<p>[QUOTE="Cloudsweeper99, post: 820316, member: 3011"]I don't think anyone knows. The US economy is ruined. It isn't coming back no matter what is done. I know more unemployed people now than I did at the peak of the Volker recession. There are no jobs. They are gone overseas and won't be coming back for generations. There won't be a recovery in the US, although some statistics will be falsified to show one. A weak dollar won't cure the trade deficit because the US doesn't have anything to export, and the weaker dollar will just increase the price of imports, worsening the trade deficit. There are incredibly strong deflationary forces at work leading toward massive defaults. The Fed is far more sophisticated than most writers give credit for, and perhaps they will be able to prevent or delay it. I just don't know. I think PMs are going to do well, if only because stocks, bonds and real estate won't and people will try to do something to preserve what is left of their wealth at some point. For them to jump on the only thing rising, gold, makes sense to me.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 820316, member: 3011"]I don't think anyone knows. The US economy is ruined. It isn't coming back no matter what is done. I know more unemployed people now than I did at the peak of the Volker recession. There are no jobs. They are gone overseas and won't be coming back for generations. There won't be a recovery in the US, although some statistics will be falsified to show one. A weak dollar won't cure the trade deficit because the US doesn't have anything to export, and the weaker dollar will just increase the price of imports, worsening the trade deficit. There are incredibly strong deflationary forces at work leading toward massive defaults. The Fed is far more sophisticated than most writers give credit for, and perhaps they will be able to prevent or delay it. I just don't know. I think PMs are going to do well, if only because stocks, bonds and real estate won't and people will try to do something to preserve what is left of their wealth at some point. For them to jump on the only thing rising, gold, makes sense to me.[/QUOTE]
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