15 Responses to UK Telegraph: ‘Return of the gold standard as world order unravels’

  1. David says:

    I was just getting ready to send you this article, I can`t imagine what this country would be like if gold were to hit $5,000.00 an ounce, just for instance bread would be $20.00 a loaf, hope it never happens, couldn`t imagine the riots in the streets here in the good old USA.

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  2. Ángel Mayor says:

    ¿Alguien todavía puede dudar de las exactitud de la profecías del APOCALIPSIS?

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  3. David says:

    The rich are getting richer and the working class is being systematically wiped out.
    http://intermexfreemarket.blogspot.com/2011/07/rampant-unemployment-death-of-middle.html

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    • Kelly says:

      This has been the case for decades, but it has now gotten to the point where it is now obvious to the masses of people who really have not been paying attention. I have been working in an industry that depended heavily on the middle class/working people and their disposable income. The change has been quite striking as the years have gone by and it has now gotten to the point where most simply do not have any disposable income and have in truth been living off credit for close to a decade, attempting to continue on as if nothing had changed and hoping for a turn around.

      This is what has gotten so many into a jackpot.

      With all that is going on around us, my wife and I are very thankful that we saw this coming a long time ago. We had to make sacrifices and give up doing things that others did routinely, but we relocated to an area that is about as disaster proof as you can get, a long ways from urban centers and we are completely debt/mortgage free.

      Many of out associates and friends thought we were eccentric or that our bubble was a little off. They don’t think that now.

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  4. goodbyemilkyway says:

    noooooooooooooo…when silver goes threw the roof we have about 3 days…then the crash…sh.t sh.t sh.t…….wayyyyyyyyyyyyyyyyyyyyyyyyyy fast

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  5. luisport says:

    Geithner last ditch effort to avoid default : no more manipulation of the stock market and the dollar

    http://www.zerohedge.com/article/treasury-stop-funding-its-market-manipulation-fund-delay-us-bankruptcy

    Treasury To Stop Funding Its Market Manipulation Fund To Delay US Bankruptcy

    After pillaging the G Fund and Civil Service Retirement and Disability Fund (CSRDF), aka the Government retirement funds, Tim Geithner was just forced to resort to the final debt ceiling extension measure: suspending reinvestment in the Exchange Stabilization Fund, better known as the mechanism by which the Treasury manipulates the stock, bond and FX markets, often times indirectly (thank you Brian Sack and Citadel fat pipe) and on occasion with CIA assistance.

    Free market… no more plundge protection team… Prepare the popcorn.

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  6. Don says:

    Ron Paul is America’s last hope!

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  7. Stephen says:

    There will come a time that bread will more valuable than gold…

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  8. Gen says:

    I agree about the bread. All food and water will be more valuable than gold. It is starting to look sooner rather than later. Here is an easy recipe for Australian damper if you want to try it on the open fire.

    http://alldownunder.com/oz-u/food-recipes/damper.htm

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  9. Luis D. Rey says:

    Kelly and wife, tell us your secret and your near by location……

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  10. luisport says:

    President Barack Obama abruptly left today’s negotiating session to raise the debt ceiling and lower the deficit, House Majority Leader Eric Cantor (R-VA) told reporters after the meeting.

    Cantor said Obama walked-out “angrily” after he offered to support two separate debt ceiling votes — a proposal Obama had repeatedly said he would veto.

    “Eric, don’t call my bluff,” Obama said according to Cantor moments before storming out of the meeting. “I’m going to take this to the American people.”

    Cantor said all progress in the debt talks has been erased.

    Update: According to Fox News, a senior Democratic aide pushed back at Cantor’s account, saying “Congressman Cantor is the last person who should complain of people abruptly walking out of meetings.”

    Cantor publicly quit the deficit talks led by Vice President Joe Biden last month.

    Republicans reportedly used the talks to criticize Obama’s proposed spending cuts as “gimmicks and accounting tricks,” according to Reuters.

    Update 2: House Minority Whip Steny Hoyer (D-MD) said no progress was made on the talks today.

    “The president is putting a lot of time and energy into getting an agreement, and it’s tough,” Hoyer told POLITICO.

    According to Cantor, Obama said that the group has until Friday to figure out “which way we’re going.” They will return to the White House tomorrow to try to get the talks back on track.

    Update 3: Reuters is reporting that Obama would not back down on a comprehensive deal to raise debt ceiling, even if it jeopardizes his reelection chances.

    “Would Ronald Reagan be sitting here,” he reportedly asked. “I’ve reached my limit. This may bring my presidency down, but I will not yield on this.”

    Update 4: Democratic aides continue to push back against Cantor’s account, telling NBC’s Luke Russert that Cantor was rude at the end of the meeting, and Obama ended it.

    “Dem Aide, no walk out: Cantor rudely interrupted POTUS 3 times to advocate for short-term debt ceiling increases while BO was wrapping mtg,” Russert tweeted.

    Read more: http://www.businessinsider.com/obama-walks-out-as-all-progress-on-debt-ceiling-talks-erased-2011-7#ixzz1SHQ9VaOa

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