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Re: Germany decares WAR !
I would think the best course for the Fed to follow would be to re-value the dollar upward by creating a very slow de-flationary under-tow in the economy. So the way the Fed would do this--- and it may well be doing this now--- is to let mining and manufacturing be re-built in the U.S. ( and in Canada with a similar and co-ordinated de-flationary policy administered by the Bank of Canada ).
Just noting to-day that Ford Motor Company is hiring 7,000 workers to build cars. The tar sands are booming in Alberta and with a pipeline now being constructed for exporting upgraded oil from Alberta and light oil fro southern Saskatchewan to the Gulf Coast in the southern U.S. Also, this pipeline will go through western North Dakota where shale is being fracked and drilling has begun in earnest. This north-south pipeline will provide for the export of North Dakota oil to the Gulf Coast and then to world markets.
Fracking may unlock vast natural gas deposits in shale in the eastern U.S. This might provide for an energy boom in Pennsylvania and Ohio.
There is a HUGE deposit of light oil offshore of southern California, all but untapped. The light oil is near the surface of the sea floor, and oil has been seeping up from the deposit and floating onto the beaches of southern Calif. This natural process has been going on for decades.
Then there is the BP discovery of oil deep under the floor of the Gulf of Mexico, in deep water off of New Orleans. The oil is under pressure and just waiting to be tapped.
Then Mexico is booming. Its entire economy is in a renaissance. So it would appear that with a controlled and slow de-flation, the economy everywhere could switch from the finance, insurance, and real estate nonsense and back to real, tangible, and exportable production, i.e through a renaissance in mining and manufacturing.
There is oil and gas under the North Sea in Europe, much of it that could be developed by fracking shale and side-a-ways drilling. The eco-frauds would not want you to know, but Stat Oil Co. has just discovered a major oil find under the North Sea, and it has drilled its first successful oil well. There is also a huge natural gas reservoir under the British Isles. This can be unlocked by fracking shale.
The bottom-line is that with a controlled and co-ordinated de-flation policy by central banks, the economy of the Western World could be re-constructed and shifted away from a reliance on services, finance, insurance, real estate, government and military adventures. Then, the Great Recession would end, and the price of gold would likely decline.
I would think the best course for the Fed to follow would be to re-value the dollar upward by creating a very slow de-flationary under-tow in the economy. So the way the Fed would do this--- and it may well be doing this now--- is to let mining and manufacturing be re-built in the U.S. ( and in Canada with a similar and co-ordinated de-flationary policy administered by the Bank of Canada ).
Just noting to-day that Ford Motor Company is hiring 7,000 workers to build cars. The tar sands are booming in Alberta and with a pipeline now being constructed for exporting upgraded oil from Alberta and light oil fro southern Saskatchewan to the Gulf Coast in the southern U.S. Also, this pipeline will go through western North Dakota where shale is being fracked and drilling has begun in earnest. This north-south pipeline will provide for the export of North Dakota oil to the Gulf Coast and then to world markets.
Fracking may unlock vast natural gas deposits in shale in the eastern U.S. This might provide for an energy boom in Pennsylvania and Ohio.
There is a HUGE deposit of light oil offshore of southern California, all but untapped. The light oil is near the surface of the sea floor, and oil has been seeping up from the deposit and floating onto the beaches of southern Calif. This natural process has been going on for decades.
Then there is the BP discovery of oil deep under the floor of the Gulf of Mexico, in deep water off of New Orleans. The oil is under pressure and just waiting to be tapped.
Then Mexico is booming. Its entire economy is in a renaissance. So it would appear that with a controlled and slow de-flation, the economy everywhere could switch from the finance, insurance, and real estate nonsense and back to real, tangible, and exportable production, i.e through a renaissance in mining and manufacturing.
There is oil and gas under the North Sea in Europe, much of it that could be developed by fracking shale and side-a-ways drilling. The eco-frauds would not want you to know, but Stat Oil Co. has just discovered a major oil find under the North Sea, and it has drilled its first successful oil well. There is also a huge natural gas reservoir under the British Isles. This can be unlocked by fracking shale.
The bottom-line is that with a controlled and co-ordinated de-flation policy by central banks, the economy of the Western World could be re-constructed and shifted away from a reliance on services, finance, insurance, real estate, government and military adventures. Then, the Great Recession would end, and the price of gold would likely decline.
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