Gabe, The US took leave of its senses the day it felt it was a good idea to borrow money from the Chinese, cut taxes for the rich, cut services for the not so rich and go to war with both Afghanistan and Iraq.
At the time, the US had a budget surplus, full employment and a great housing market. To illustrate how far the US has deviated from its senses, prior to taking leave from them 350 shares (dollars) of the USA would buy an ounce of gold. Today, it takes 1,530 shares (dollars) of the US to buy that same ounce of gold, the US is printing money at a rate that makes Bob Mugabe look like a fiscal conservative, unemployment is at its all time high and the US housing market is in shambles. You have been on Goanet long enough to remember that I spent a lot of time trying to convince people here that gold was heading to $1,650. I also mentioned at the time that I would be in a position to retire when gold hit that mark. The only question that remains now is: What do I do after early retirement? Mervyn1650Lobo ----- Original Message ---- From: Gabe Menezes <[email protected]> To: "Goa's premiere mailing list, estb. 1994!" <[email protected]> Sent: Thu, April 28, 2011 3:52:02 AM Subject: [Goanet] Special report: The day America took leave of its senses http://www.independent.co.uk/news/world/americas/special-report-the-day-america-took-leave-of-its-senses-2275816.html -- DEV BOREMKORUM Gabe Menezes.
