Hi gwr1 et.al.

Getting tired of reading about the so-called experts who only have "eyes for gold".

How about someone who has a different perspective on things, like this person.

Link:http://goldswitzerland.com/finance-is-a-power-game-nomi-prins/

Snippet one:

"LS: Do you think that gold will have a future in the monetary system??

NP: I think there is certainly a ground full of people who want that in countries outside the US because of how the financial system has evolved globally; the US banks in particular have so much power, politically and financially. Politically because of their alliance with the US government and financially, because of how much they leveraged cheap capital without reserves like gold behind it.

But that is also the reason why I think it is going to take a very major shift in power, political and financial power, to have gold really … have that kind of future -because these bankers are going to be fighting it tooth and nail. These institutions, these relationships that they have with leadership in Washington, with the Federal Reserve, reveal how a tremendous amount of might has gone into not having gold backing speculative transactions and expansions throughout the world.

So I think it is going to be a very tough battle for gold to make a comeback as an actual requirement to back speculation. It is going to be a very long haul if it is possible at all, given the opposition from a very strong concentrated and powerful political and financial alliance in the US."

Snippet two:

"LS: Let’s go fast forward. Do you see the US financial power on the globe in decline??
NP: I don’t because – and this is different from what a lot of my contemporaries are saying – because of this power alliance that exists, because of the tightness and the historical connections between the White House and the most powerful players and institutions and legacies on Wall Street. There is so much at stake for both sides, and there are such epic subsidies thrown at keeping the financial system as it is because it reinforces the power of the Washington government and vice versa.

This is why the government allows these major bankers and institutions to get away with what they do and subsidizes them to the extent that it does. These banks are being artificially propped up because of subsidies and not by their own inherent profitability. This is a very dangerous position that they are in, and that they place all of us in. The Fed hold 4.2 trillion dollars of securities on its book, due to an epic level of bond purchasing, in addition to pursuing a zero interest rate policy for nearly six years now in the wake of the 2008 crisis.

This is just another indication of how much might, how much power, how many dumb, but real decisions, are being made in Washington to maintain this power alliance. I don’t think there is any other nation in the world right now who has such a strong and historic connection between its politics and its banking system, and that is why the US continues to do what it does and make these decisions and allow impunity for these individuals in this power game. I think that as long as there is so much subsidization and so little accountability of the banking system, US financial power will be maintained. It is a bad way of maintaining power, but I think that is what we are seeing right now and will be."

Comment:

From the way the market is progressing, she has a point.

There is much going on behind the scenes that we don't know about and too much power to just "roll over and give up" .

"We live in interesting times"

Good Luck to all!