
“Not only do we have new, dangerous wars exploding — or about to explode — in Ukraine, the Middle East and East Asia … Not only are those wars threatening to spread globally … But we are also beginning to see their impact on global markets. Just connect the dots: Wars drive oil and gas prices skyward … Surging energy costs drive up inflation, threatening to gut the purchasing power of paper currencies … Scared money flees the regions threatened by wars and revolutions, and … Hundreds of billions of dollars rush into gold. It’s classic. It’s a proven pattern we’ve seen for centuries. And it’s happening now!”
http://www.moneyandmarkets.com/oil-wars-exploding-gold-surging-62472
Related posts:
Glenn Greenwald: What Foreign Policy “Debate” Means on “Face the Nation”
Don’t Fall Victim to Hoarding
NSA spying illegal, even under the unconstitutional Patriot Act
The Kafkaesque Sacrifice of Encryption Security in the Name of Security
Bill Bonner: How America’s Working Stiffs Got Stiffed
Bill Bonner: $10,000 each in two suitcases
The Worst Investment Advice I’ve Ever Heard
The Deeper Meanings of Cyprus
Will Facebook Bring Down the Government?
The Nunes Memo Matters—But Not For the Reason You Think
Saddam Hussein and al-Qaeda link allegations - 2008 Pentagon report
California Crashing
Bravo Britain
Alfred McCoy: Tweeting While Rome Burns
Obama Has a New 401(k) – Yours