Greece is almost in default. Japan is in massive deflation. Spain is putting new austerity measures in place. Much of Europe (see last article) is struggling to maintain solvency. Might be time to buy gold. Without looking it up, I'd guess the price of Au is well past $1,000 an ounce now. Wish I had some
So many fat cats getting fatter by eating all the fish. We've almost come full circle to the days when the rulers took all the production and left the serfs to starve. So the serfs got educated, took over the rule of law, and saw government as 'benevolent rulers,' supposedly doling out benefits paid for by the tax on their production. The big cats want most of the fish, so they pay for a rule of law that exempts them from taxation and responsibility. The biggest cats soon owned all the fish.
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