Showing posts with label Russia buys gold dumps US Treasuries. Show all posts
Showing posts with label Russia buys gold dumps US Treasuries. Show all posts

Friday, December 19, 2014

Putin is Golden, Libby's Not So Hot


Russian strongman, Vladimir Putin, is dumping US Treasuries and buying gold. In the meanwhile, what's been described as "Obama's brilliant strategy to cripple Putin" is in shreds, with the trillion dollar leveraged US shale industry tanking and blood on the streets of Aberdeen, as the UK's oil industry goes Defcon.



So what's up with that? As one commentator put it:

"I'm stacking ammo. Your gold had better be hidden well because all you need to do is read any paper around the globe to know that when the thin veneer of civilization comes off, it's going to get ugly quickly."



Ugly? Quickly? If England's new Boy Bishop and her celebrity millionaire socialist buddy, Desmond Tutu, is anything to go by, we're already there. But please, please, stop hoarding .22LR.

Some of us want to plink.

LSP