Thursday, August 15, 2013

COTW: Bernanke is Sweating This One!


When our two biggest creditors, China and Japan, start selling off their US debt, it is a big signal to the rest of the world's investor class that the US economy is headed for a cliff.  The gold signal is also flashing red as the physical gold price rocketed up in the last week to $1350 as JP Morgan buys up gold in the marketplace to meet delivery demands on its vaults below Wall Street.  So you are not a gold person?  Do your shopping at Wal Mart, do you?  Then this chart may make you nauseous:

 [charts: Zerohedge.com]