Raül Ilargi Meijer: The Nicole Foss 2013 tour of Australia is well underway, and since I'm
not there, it's a bit hard for me to write about it. But we do keep in
touch on a daily basis of course, so I know things are going well, with
lots of good people, good ideas and good conversations. Though I will
never understand, and yes, I know I'm biased, since we've been working
together for years, why every single one of Nicole's lectures doesn't
attract 10,000 or more listeners and spectators. Do people really need a
fait accompli, do they have to watch a system collapsing in their
rearview mirror, before they start paying attention in larger numbers?
Ironically, Australia has, at least at first glance, both one of the
strongest looking economic systems left in the western world - though
that won't last -, and one of the most open attitudes towards possible
alternatives to that system. Mind you, when I say Australia, I mean a
small subset of the population. Most people, not just in Oz but all over
the west, even when they are ready to consider something beyond what
they've been spoonfed, they seem to fluctuate towards and get stuck in
Buy Gold! or Buy Bitcoins! or Buy Guns! much more easily than they do
towards ideas that take more time to process and more effort to realize.
I'm happy with, and for, those that do turn up, but I do think people
should think about why it is that we can’t make our message more sweet
and easy and palatable: it ain't worth squat if you want it served on a
silver platter.
If you think that what is required is merely a change in what passes
for investment strategy, a move from bonds to stocks or precious metals
or farmland or something, then you don't know what is going on in the
financial markets or, for that matter, in your own lives. The "leaders"
of our world, whichever country you live in, are not solving the issues
that have led to the present crisis, they're not even trying. They are,
instead, using your future wealth, and that of your children, to hide
the fact that there is a crisis so profound they have no chance of
solving it.
Submitted by Tyler Durden:Today's bounce back in gold prices is fading
into the close and as Barclays' Suki Cooper notes, despite some physical
demand response to lower prices, it has not been sufficient to combat
the overall decline. In the absence of support from physical buying,
where does fundamental support materialize? Should gold just put on its
commodity hat, instead of its increasingly more popular currency one,
its cost of production should provide some guidance.
