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June 2008 YTD Charts: Gold vs. Currencies

June 8th, 2008 · No Comments · Gold & Silver Charts

This may surprise you. Who would have thought that fiat currencies like the Swiss Franc, or the Australian Dollar, would actually be outperforming gold year to date?

Fed Chairman Ben Bernanke & Treasury Secretary Hank Paulsen’s “competitive devaluation” policy, along with runaway government spending and deficits, have sank the U.S. Dollar to where it’s now actually underperforming the Mexican Peso.

…. the @#%&’n PESO people!

Mexico is a Narco-State, with a 98% corruption rate among it’s politicans, it’s police, and it’s army. It also has an average daily wage of about $3.

Now, what does that tell you about America and the “Uncle Hanky Panky - Bernanke Buck”?

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.”
– Alan Greenspan 1966

What more needs to be said?

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