Socio-Economics History Blog

Socio-Economics & History Commentary

David Icke: Last Days of the New World Order!

Part    5        Part     6

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October 13, 2009 Posted by | Economics, GeoPolitics | , , | 1 Comment

Jim Rogers “Quite Sure” Gold Will Hit $2000, Dollar Will Lose Reserve Status

  • The question isn’t whether but when the USD collapse will come. This quarter we will see precipitous drop of the USD. Yahoo Finance reports :
      
    Famed investor Jim Rogers is “quite sure gold will go over $2000 per ounce during this bull market.” Rogers’ confidence gold will continue to rally stems from a view the U.S. dollar is on its way to losing status as the world’s reserve currency.
     
    “Is it going to happen? Yes,” Rogers says. “I don’t like saying it [and] I’m extremely worried about it but we have to deal with the facts. America is not getting better [and] the dollar is going to be replaced just like pound sterling [was].” Rogers didn’t offer a timetable, and it’s likely gold would exceed $2000 per ounce if the dollar were to lose its reserve status.
     
    Still, “I wouldn’t buy gold today,” Rogers says. “I think I’ll make more money in other commodities, which are cheaper,” as discussed in more detail
    here.
     
    Among many others, Rogers is “worried about the fact the U.S. government is printing huge amounts, spending gigantic amounts of money it doesn’t have,” the
    investor and author says. “People are very worried [and] skeptical about paper money [and] looking for places to protect themselves. The best way is to buy real assets. [That] has always protected one during currency turmoil, and it will again.”

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October 13, 2009 Posted by | Economics | , , , , , , , | Comments Off

Former UN Chief Inspector: There Were NO WMD in Iraq!

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October 13, 2009 Posted by | GeoPolitics, History | , | 5 Comments

   

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