With central planners actively scrambling to address mounting problems facing the United States and Europe, and uncertainty continued uncertainty in global markets, today King World News interviewed legendary James Dines, author of The Dines Letter. Dines told KWN that “a collapse of Europe’s banking system is inevitable” and “the United States is headed towards a Greek tragedy of its own.” Here is what Dines had to say about what is taking place:
“The Fed has lowered interest rates to record low levels, and Bernanke has printed unimaginable amounts of money, but it hasn’t worked. Instead of acknowledging that Keynesian economic theories are bankrupt and at a dead end, Bernanke can only wonder if even more of the same medicine might somehow work.”
“Blind repetition of what is not working has been described as insanity, and that is what the Fed is engaged in right now. For many years I’ve been predicting a coming currency upheaval, and we’re in one now, only they don’t see it that way. One of my other predictions has been the coming debt liquidating depression, and we’re observing one right now in Europe.
It’s horrifying that they are all trying to bail each other out with the same tired policies of money printing and lower interest rates. It’s not working, and a collapse of Europe’s banking system is inevitable....
“The only thing that can postpone it, not fix it, would be liquidating all of these debts through bankruptcy. One of the functions of capitalism is bankruptcy
To read this article in full pop across to KWN by clicking here.
Regarding www.skoptionstrading.com. Our annual performance figures are as follows:
2009 We made a profit of 23.89%
2010 We made a profit of 158.66%
2011 We made a profit of 40.95%
In 2011 we outperformed:
S&P by 42%
HUI by 53%
Gold by 31%
Silver by 41%
The 2011 Annual Report by be accessed via this link.
Our trading success rate is 90.81%
89 profitable trades out of 98.
Our model portfolio is up 447.55% since inception
Also many thanks to those of you who have already joined us and for the very kind words that you sent us regarding the service so far, we hope that we can continue to put a smile on your faces.
To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. Winners of the GoldDrivers Stock Picking Competition 2007
For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.
For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.