The prospect of the United States defaulting on its debt is not just likely. Its inevitable, and imminent. The regulatory black holes into which sanity and reason disappear on a daily basis are soon to collapse under the mass of their sheer size. The circle jerk going on among G7 governments has to end – the steady advance of gold, even in the face of a managed price, exposes the real value of the U.S. dollar, as opposed to its apparent value expressed in the dollar index.
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It is becoming clear that America can no longer maintain its status as the only superpower in the world. In the economic field, China has moved ahead of America