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Old 18th Jul 2012, 02:29
  #431 (permalink)  
crystalballwannabe
 
Join Date: Dec 2004
Location: Australia
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The doom and gloom sky falling in gold stashing paranoia that seems to overwhelm people is almost startling....

The only thing to fear is fear itself said W. Churchill - so true.

I agree that the US is in a lot of debt and it "looks" like a train wreck.

But they have a massive trump card in their hand that can quickly change everything..... CHEAP OIL.

This is the "blood" of the economy, a price around 15 dollars a barrel again will see that debt almost vaporise.

Years and Years of work has gone into OPEC and Saudi "arrangements" to ensure this lever can be pulled as necessary.

And it will - in time
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