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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Bullboard Posts
Post by nevconon Dec 30, 2013 3:53am
346 Views
Post# 22044251

Capitalism is a dismal failure

Capitalism is a dismal failure
Just take one hard look at where we are in the economic cycle.Look is bankrupt in the world todayGo to www.exxun.com the worlds debt.Remember that those figures are a rough guide line. No country will publish the exact amount of Cyber cash they have created. When a currency is declared FIAT and america's IS TRULY FIAT and the worlds reserve currency to boot then it is time to take a rain check on your portfolio. The dollar has lost 98% of it's purchasing power . america is HOPELESSLY BANKRUPT. That is why it is operating in a near ZERO interest rate environment and a QE fix untill further notice. They couldn't pay the interest on outstanding loans. QE is NOT good for gold as they are using part of the created cash to short gold. The above scenario has worked with limited success and will come to and end once the vaults in the West are empty and we are nearly there. No whichever way we in the West look at our hopeless state of affairs ,all those countries that followed the american Economic Model and that is just about all countries with THE exception of the China bloc are BROKE. That China has been buying gold is no sheer coincidence.They have been around for over 5000 years whereas america is hardly 350 years old .Take experience into account and follow it not The knuckle dragging example of america. Having said all that it giives us all the more reason to come on STOCKHOUSE to share our knowledge. It is probably one of the good reasons you bought Pretium and other gold products. Have a HAPPY and SAFE New Year everyone and may your pecefull plans be BLESSED
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