China is now looking at a $1.250 Trillion stimulus package for it provinces. Why? The West is not buying what it used to. Once you create growth by money printing, you are locked in unless you can get the global population to increase its consumption. With the aging population in the West looking toward retirement and reduced spending the West does not have the consumption levels it did when baby boomers had to have every toy imaginable.
Will the banking greed in Europe get funded on September 12th when the German Court decides if Germans can fund quantitative easing? Iceland took the other path, threw out the bankers, and survived. Would Europe dare to do the same thing? I doubt it. All of this bodes well for gold and silver. The following interview provides a respected technician’s view of gold’s future: