Doug Casey’s newsletter reports that the Dow Jones Index companies had consolidated losses in the second quarter. However, the Dow Jones is holding and gold is falling.
Meanwhile, it took 232 years to accumulate $9 trillion of debt and in July, we increased it by another $5 trillion by accepting responsibility for Fannie’s and Freddie’s debts. So now the dollar is rising.
There is no better expression of the power of invisible weaponry combined with the rich resources provided by the Housing and Economic Recovery Act than the fact that the price of financial assets with no real value are going up while things that have real value are going down.
This too shall pass . . .
