Bahrain Declares State Of Emergency And China’s Trade Deficit Reaches Seven Year High

It’s easy to lose sight of macro factors around the world given the devastation in Japan.   But the world is literally on fire, whether figuratively or literally, almost everywhere.  And it has been for many months now. 

That includes Bahrain’s declared state of emergency as Shia and Sunni factions clash and China’s just  announced trade deficit – the largest in seven years.    China’s trade surplus peaked back in 2008 and has been in a volatile and often severe decline every since.  Impending doom is dead ahead.  

The high priests of ideology in the gold market might want to consider this “linear thinking” rosy future where China and the Middle East buys massive sums of gold.   We have hammered on these nonsensical positions for many years including our last remark criticizing Le Metropole Café, who made some of the most ridiculous remarks imaginable regarding China back in December.  Contrarily, we have said both the Middle East and China are going bust and have said so longer than anyone else I am aware of.   And we wrote that doing so would mean they are likely going to be major sellers of gold.

If there is one thing I am quite certain of, that is, 99% of people buying gold, including almost all of its self-appointed religious (ideological)  preachers, have no idea what is going on in the global economy.   Ideology and brainwashing needs a preacher.  The truth needs no preacher.  It is self-evident or mystically found within. 

We continue to wait for the world to reveal its true self and for our expected outcomes to come to pass.   We nailed more outcomes into the 2008 collapse than from any other source I am aware of, and I remain confident we will do the same as the future unfolds.   Not because we are smarter than anyone else.  That is preposterous.  But because our minds are free of the lies created by brainwashed zealots, political con men, economic idiots and Wall Street liars.  

"In the fields of observation, chance favors only the prepared mind.”.   The search for truth will reveal its riches soon enough.