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Message: Re: Mish Shedlock vs. Ted Butler

Mar 07, 2011 04:27PM

The more we read, it seems the U.S. economy appears doomed and thus GOLD and SILVER prices have soared over the last 10 years making it so obvious why investors want to hold them and not U.S. dollars.

IN 1979 THERE WERE 61 AMERICAN COMPANIES THAT EARNED A TOP-LEVEL AAA CREDIT RATING FROM MOODY'S.

TODAY, THERE ARE ONLY FOUR.

AUTOMATIC DATA PROCESSING EXXON JOHNSON & JOHNSON MICROSOFT.

Does this sound like an economic recovery to you?

Bizarre but, The New Times has reported that Las Vegas building is booming once again in a city where nearly 10,000 new homes are empty, thousands are in foreclosure and thousands more have just simply stopped paying mortgages and the average home price has deminished over 60% since 2006. similar scenarios are taking place in Phoenix and other U.S. cities.

The cards are seriously stacked against the U.S. and a looming currency crisis seems inevitable. Almost every State is on the verge of brankruptcy and owe such a load of debt that they'll never be able to pay back.

Gold usually is 16 times greater per oz. in value to Silver. So at $1400.00 per oz. Silver should be at $84.00

Multimillionaire and currency whiz, Chris Weber, believes Silver will likely hit $187.00 as Gold countinue upward.

That is a gain of around 600% from today's prices.

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