Too much of a good thing is not a good thing

posted by
August 15, 2011
Casey Research
by David Galland  
Posted in Commentary

"An increasing number of people and institutions are coming to understand just how intractable the problems are. This has resulted in a steady move into tangible assets -- gold, especially -- that are not the obligation of any government. And it’s not just individuals and money managers moving into gold, but central banks as well. That is an absolute sea change from the situation even a few years ago. Meanwhile, with the Treasury unable to borrow since May, a backlog in government financing needs has built up. Which begs the question: With the Fed standing aside (for the moment), where is the government going to find all the buyers for the many billions of dollars worth of Treasuries it needs to flog in order to keep the scam going?" (08/12/11)

http://bit.ly/oVrW0t  

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