Tuesday, August 9, 2011

The Fall of the Dollar and the Rise of Gold

The divine destruction of America: Can she avert it?
He said that he wants every no good disbeliever off the face of the earth. He said after this, America will never rise to be an independent nation again. She won't have the power that she had last year, meaning that every year from then her power would be diminished. He said America is gone, her money is gone. There is no more silver, no more gold, after a while she may ask for copper. Right now the money has no value. This (dollar) used to be a silver certificate that said pay the bearer on demand one dollar in silver. You can't get silver for it anymore; you can't get gold for it; it is the wealth of the country (gross national product) that is holding up the dollar. Elijah Muhammad said soon you will see money piled and burning in the streets. There will be another medium of exchange not coming from this country.
Gold price hits another record - San Jose Mercury News
Gold prices pushed to new heights Tuesday as investors digested the possible consequences of the lowered U.S. credit rating and Europe's debt crisis on a slowing global economy.

The declining appeal of the U.S. dollar as a safe place to park funds and nervousness about flagging global growth have helped propel gold.
Gold eyes $1,800/oz after 'astronomical' rally - MarketWatch
Turmoil in world financial markets fired gold prices to record heights firmly near $1,800 a troy ounce Wednesday, yet several large banks and brokers expect the yellow metal will continue to soar.

While they accept that gold's trajectory may not be straight as an arrow, they're confident it will continue to trend higher.

Also read:

"The Divine Destruction of America: Can She Avert It?" PT.10


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