Leave Before The Lights Come On

^{I'll get me coat...}

PAGE opened end June

Pan-Asian Gold Exchange, the new physical-only metal exchange (Kunming, Yunnan province, China) opened at the end of June.

The price of gold appears to have experienced a step-change in trajectory on the chart from the start of July.



In other news, Chavez decided to move Venezuela's gold from the US/UK/Europe, into more friendly locations (China/Russia -- or, "Asia" if you prefer..?). I wonder how many others are doing this too, less publicly?

A Redenomination of Value II

Bill Bonner (@Daily Reckoning): The biggest single expense for most businesses is the payroll. People are expensive. So, if you’re a good businessman, you try to get rid of as many people as possible – and not hire more of them. Even when you think business is improving, you try to service the new sales with the same staff. A little more over-time... streamlining administration... making the enterprise more efficient.

In that regard, computers and modern communications technology have been helpful. They make it easy to fire people! But they don’t seem to lead to the kind of GDP boosts that you need to create jobs and increase standards of living.

That’s why the ten million or so jobs that disappeared in this downturn won’t come back. And it’s why the real unemployment rate in the US hasn’t been this high since the Great Depression.

Or... you weaken your currency and give the whole population a nice little real wage cut, without them really noticing much, or agreeing to it. A matter of political will and expediency.

Before : After

New World Order.
One World Currency.

Aye aye, Cap'n?

Who's laughing now?

For everybody who over the years had to learn to deal with people ridiculing them as they tried to save the world on their way to the centre of the truth, before finally realising they were wasting their time and should just look after number one: much love!

Mummy!

1-to-watch

Here is what I am looking at with wonder for the moment


^{Will she, or won't she?}

CHF chart also very much of interest.

1-to-1

$42.22 silver couldn't last