With the West's stimulus money running out and no recovery in site, people are talking about another stimulus to avoid a double dip. Most of the stimulus money went to BRIC markets, which has resulted in unprecedented returns in these markets. The Bombay Stock Exchange moved from 6500 to 19000 points in one year.
If a second stimulus occurs, the money will most likely come from banks who will sell these markets, but enough money left for them to buy gold as well. At this point everybody will be receiving paper money in high inflation environment and banks will be selling gold to countries, because governments around the world would realize their US dollar reserves is giving negative returns.
And God forbid if US is to default...
Thursday, September 23, 2010
History in the making?
The second amendment of the US constitution states;
"A well regulated militia being necessary to the security of a free State, the right of the People to keep and bear arms shall not be infringed."
This amendment will be repealed or removed all together or restrictions put on the People to bear arms, that is they will be denied a firearm citing various laws like person is a flight risk.
I would be very worried at this point.
A step towards this direction will a United North American state with the States, Canada and Mexico. This new entity will have a new currency and a constitution without the second amendment rights.
"A well regulated militia being necessary to the security of a free State, the right of the People to keep and bear arms shall not be infringed."
This amendment will be repealed or removed all together or restrictions put on the People to bear arms, that is they will be denied a firearm citing various laws like person is a flight risk.
I would be very worried at this point.
A step towards this direction will a United North American state with the States, Canada and Mexico. This new entity will have a new currency and a constitution without the second amendment rights.
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