by Nick Barisheff, The Market Oracle:
The long-term “irreversible” trends I’ve discussed in detail in my upcoming book, $10,000 Gold, continue to develop. Many of the trends, such as debt creation and the movement away from the U.S. dollar, are accelerating and their consequences are appearing globally. Today we will interpret how these developments will likely affect the price of gold over the coming year and beyond.
Perhaps the most prevalent indication that something is amiss with the world’s economy is a sense of malaise that many have been experiencing—a distrust in the financial system and the government. A U.S. Gallup poll, completed at the end of November 2012, found politicians to be the second least trusted individuals in society next to car salespeople. Sharing bottom marks were bankers, journalists, business executives, state governors and insurance salespeople. By contrast, nurses were the most trusted.
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