“If the Smithsonian, the Parks Service and the Cherry Blossom Festival get delayed or canceled, it’s the wakeup call that we really needed. The fools inside the Beltway are borrowing $100 billion month in and month out, and there’s nobody left in the world buying except the central banks—the Fed and the people’s printing press of China. There’s no way that’s sustainable or viable. It’s simply building up pressure in the monetary system that’s going to blow sky-high.”
While cheering the Tea Party Republicans’ demand of $60 billion in cuts, Stockman lamented their insistence on attaching polarizing policy riders forbidding funding for Planned Parenthood and other right-wing pariahs. “I don’t agree with that. It’s unfortunate that these social issues get caught up in what essentially is the core fiscal question.”
(emphasis added)
I couldn’t agree more. And the same apparently goes for the precious metals markets. Silver over $40 per ounce and Gold at $1466…
Charts from Kitco.com.
