The Next Boom - America is Back

[Zippyjuan]

It is?

[oyarde]

Oil, as an example, was $90 a barrel then and it is $95 now. That means that the Dow should be 14,800 to match oil's performance.

(meaningless, I know).

Yeah , but Zip , oil is traded on the world market , the reason it is no higher is because of the sluggish economies , I expect no improvement in the economies, but if they did improve , there would be much more demand for oil and it would be North of $110, easily . Metals resort to being where people try to preserve something when they understand the currencies may fail .The currencies are backed, only by blind faith.Faith is dwindling . Oil @ $90 or oil @100 may even be proof of failed economies at this stage of the game .All just my guesses.People do not need gasoline if they do not have to drive to work. That shit is not going to get better , my opinion.

[Natural Citizen]

Y'all are a hoot.

Here's a more realistic discussion going on if anyone cares to add to it. http://usawatchdog.com/may-2013-end-...ams/#more-9891

[oyarde]

Y'all are a hoot.

Here's a more realistic discussion going on if anyone cares to add to it. http://usawatchdog.com/may-2013-end-...ams/#more-9891

I think Williams is correct.

[cbc58]

I think Williams is correct.

getting close ...

[Natural Citizen]

I think Williams is correct.

Yep. We have to be realistic with variables. Musical chairs won't work. At least outside of political brainwashing.

[Michigan11]

Yep John Williams is the only guy I trust listening to. He is similar to ron that he knows its impossible to give a date but he has a time period from looking at the data. He's not really trying to tell others he knows in fact either just that he has the real numbers and he thinks mathematically were going the wrong way. You can't really argue with that or say he's trying to scare you

[Michigan11]

It's funny too because at the moment a lot of illegals have and are leaving we hear about immigration reform too

[Zippyjuan]

From the Williams link:

Williams adamantly continues to predict hyperinflation to the U.S. dollar by the end of 2014. Join Greg Hunter as he goes One-on-One with John Williams of Shadowstats.com.

50% (or higher) monthly inflation by the end of next year, eh?

[Zippyjuan]

Yeah , but Zip , oil is traded on the world market , the reason it is no higher is because of the sluggish economies , I expect no improvement in the economies, but if they did improve , there would be much more demand for oil and it would be North of $110, easily . Metals resort to being where people try to preserve something when they understand the currencies may fail .The currencies are backed, only by blind faith.Faith is dwindling . Oil @ $90 or oil @100 may even be proof of failed economies at this stage of the game .All just my guesses.People do not need gasoline if they do not have to drive to work. That shit is not going to get better , my opinion.

Gold is also traded in a global market. Has industrial uses for gold soared to drive the price up or is the price higher because people simply want to hold more of it- to "speculate" on it?