"But a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever." - John Adams

Wednesday, January 5, 2011

More Gloom On The Horizon In This "Recovering" Economy

World food prices rose to a record in December on higher sugar, grain and oilseed costs, the United Nations said, exceeding levels reached in 2008 that sparked deadly riots from Haiti to Egypt, according to Bloomberg Today, on that Liberal Lapdog network CNN there was great information about the spike in other commodity prices, like oil and gold.
"Experts are a bit more bullish about oil than gold, with more than a third of the 32 survey respondents predicting $100-a-barrel crude prices by the end of 2011. Nearly half of those surveyed think gold will rise at least 7% to $1,500 an ounce by year end. " CNN says.

What does this mean? Well, when accompanied by the news that World Bank has issued it's first bonds in a currency other than US Dollars, it could be the signal of a coming total collapse of the US Dollar. The World Bank began issuing bonds in Chinese Yuan today in Hong Kong. This is not going to be good for anyone holding Federal Reserve Notes.

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