Penbar Capital Ltd V.PEM

Sunday Post the old mans tak

[prospector7]

that the Industrial Revolution was a straight road compared to this new age Revolution which is happening before our eyes.
Couple this with many different factors Climate Change, Major Storms, Huge Down turn in markets last year a new Government which takes over from one that has been in power for 8 years. On the last day in government the Bush Gov gave billions $ out with no thought to the banks, which invested it for their own bottom line and not the economy.
The government $$ that went to the Auto sector never helped the US or Can Governments they took that loot and invested it in the Auto sector in China and India. Most of these stimulus pacts have had no effect whatsoever period on the every day economy.
Every day you read the unemployment rate climbs and we all know there is a lot of unemployed that are not in those stats.
I read that the US has used 25% less resource products last year in the manufacturing sector, this figure will grow every year because all they do is set up more plants in other countries and unemployment will rise more every year.
It is the greed of the Capitalistic system that is bringing this economy to it's knees.
Everywhere you read that the stimulus package needs to be continued, why do they say this because it is the companies that support the governments that say they need the $$$$$$$ so the politicians will give it to them.
Once they do this China has to protect their investment and will do everything possible to protect  it.
Statistics that the government producers are not real never have been and never will be.
It is the consumer that drives the economy, that is the mistake they made by taking the consumers $$$$ and putting in their own pockets along with the stimulus $$, you have no one buying goods.
In my mind none of this adds up to a recovery in North America or Europe.
The reason all letter writers say gold is going to go Parabolical because it is a no brainer that inflation is a fact and not a statistic everything is going up and so will gold one day.
To all longs with PEM the day will come that your PEM shares will be worth a lot of $$$$ is my opinion, because we are a long ways off from a recovery of any real meaning. It took 25years to recover from the depression in the 30s. GLA