The Golden Truth There’s not a lot to say about the SCOTUS decision on Obamacare other than, “okay, now how does the Government pay for this?” That plus now that the SCOTUS has upheld the ability of the Government to “mandate” how you have to live your life by calling the individual mandate a “tax,” where exactly will our Government draw the line on regulating everything you do?
Quite honestly this is probably one of the most depressing events I have witnessed with respect to the abdication of individual liberty – and the annexation of power and control – by the Federal Government. The fact that this particular SCOTUS put its stamp of approval on this move toward a totalitarian system is quite shocking.
Initially the precious metals were blatantly smashed when the decision was announced. This is because once the dust settles, the toughest question is “where will the financing for Obamacare come from?” Several close studies of the entire legislation have suggested several trillion dollars will be required. Raising taxes on a declining income-earning workforce will not even remotely accomplish the task. The Government already has an insatiable demand for the funding to finance its rapidly escalating spending.
The big banks backed by Fed know that this means more debt issuance and more money-printing and that’s why there’s been inexorable downward pressure on the precious metals once Asia – the phsyical gold buying part of the world – goes to sleep and the paper trading criminals in NY and London go to work.
The past 14 months have been extremely difficult for those of us heavily invested in the precious metals sector. But the fundamental factors for doing so have become significantly stronger during this time period, punctuated by the affirmation by SCOTUS of Obamacare. In the context of the globally collapsing banking system and the serially collapsing EU countries, when the markets fully understand what has happened in this country today, the precious metals will take off to new highs as it will become crystal clear that the only two possibilities going forward are to print or allow complete financial collapse of the western world.
Other than that, Mrs. Lincoln, how did you enjoy the show?