BOOMERBUSTER

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Tuesday, May 24, 2011

RE GOLD CHINA AND INDIA AND THE SHAPE OF THINGS TO COME

To date, their demand for gold doubles last years' demand.


Maybe it's just a bling thing.


What really 'backs' the dollar? 


(Used to be things like gold, industrial capital, productive assets, labor force, things like that.)


What now backs the dollar? 
Mostly only our military, and the relative weakness of others'.


Rather a weak position to be in, unfortunately.

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