Euro Bust By Charles Kubach, Mine-Engineer.Com May 1, 2010 Savy investors realize the future of ObamaNomics, after watching the socialistic Entitlement countries of the EU collapse, such as Greece, Portugal and Spain, that a similar path has been charted by Obamanomics. Gold is starting to glisten, again, after languishing in the low 1100's, and is waiting for one more EU entitlement country to go bust, before taking off into uncharted territory. The handwriting is on the wall, inflation, high interest rates, and debt that is a multiple of the Gross National Product, just like those Entitlement countries of the EU. Harvard must teach Marxist and Socialist Economics to it's students, many of which end up on Wall Street, in upper management of large firms, most of which have been bankrupted by them and bailed out by their alumnus, Obama. If this is representative of a Harvard Education, the students would be better off graduating from Podunk University, at least they would understand the Real World, not some mythical idealism that can not function in the real world. I had predicted the first of the year that gold would languish around 1080 to 1180, however it is looking to breakout of its doldrums, as one of the sound investments that will survive Obamanomics, which will not end until 2012. With double digit unemployment and a national debt that is a multiple of the GNP, even Moronic Democrats would have difficulty re-electing their Socialist God, Obama. But that may be giving them too much credit. At least the independents are flocking to other candidates as they realize Obama is all bad news, with his Change You Can Believe In, leading the US into Socialism, and historic debt levels. I do not think these are areas that most Americans desire to go, but I could be wrong. As for entitlements, I say one is entitled to what they came into the world with and that is about it. Defining everything under the sun as a entitlement will do nothing but enslave free people, making them dependent upon the government, and not themselves. If previous generations thought the government owed them everything, we would not exist as a nation today. It is through the individualism, initiative and hard work of individuals seeking out opportunities, and making them work, that this country grew to be the greatest nation on earth, and it will be the same way if it continues. I am laying in a case of vintage Dom Perignon to celebrate the 2011 New Year, because it will mean only 2 more years of bad US economic news, bad government decisions, unsatiated government growth, and Change For The Worse That You Can Believe In. So it looks like 2 more years of apologizing for America being America, massive debt, unemployment, abandoning our allies for fear of making someone upset, and the government encroaching into the lives of every American Citizen. God Save The USA. "The Sign of an intelligent person is not the realization of all they know, but rather the realization of all they do not know." Charles Kubach 1979 Return To Mining Information Page