Jubilee Prosperity

Combine that with the 49-week average maturity of US Treasurie3s that must be rolled over, plus growing defaults in hundreds of trillions of derivatives that dwarf gold, and we may have the making of interesting times.

Why are the Big4 240% long the dollar? Do they have a death wish?

Maybe someone can post a bearish current headline on gold to suggest it continues to climb a wall of worry?

Or is gold now a religion for true believers?

The point on the export of America’s productivity and illegal import of a lower living standard is well taken and one with which we agree.

Politicians long promised something for nothing. So the question about what productivity bonds, dollars (and stocks) represent is a good one.

Warren Buffett and Bill Gates’ answers were that the best is yet to come in energy, healthcare and technology.

We work to have enough money to share their optimism.

We might add food is also a concern.

We agree with Steve Forbes’ observation that borrowing, spending and taxing our way to a weaker dollar creates a weaker economy. He cited the example of President Reagan and Fed Chair Volcker, who cut taxes and raised interest rates to protect the dollar and provide a better return on paper and industrial assets.

Some observe China, Japan and India want to build their factories here.

Steve Forbes also observed if a weak currency were the answer, Argentina and Zimbabwe would rule the world.

http://www.cnbc.com/id/15840232?video=1340401174&play=1 9:42

Some argue economic opportunity is long gone and it is too late to recover.

We expect not.

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