Tuesday, May 09, 2006

Turmoil

The price of Gold has always been a good indication of how screwed up the state of things has gotten. Notice the graph below doesn't really show a spike on 9/11. There's just been a slow steady climb during the entire time Bush has been President.


And to put this in perspective, gold prices had been tame for 20 years. Reagan increased deficit spending more than any president in history so the price of gold doesn't reflect that similarity to Bush II. George H W Bush had a war in the Middle East so the price of gold isn't simply a reflection of that similarity either. And Clinton fought a war in the Balkans, had terrorist attacks on his watch and finished out his eight years in office fighting one scandal after another... but gold actually decreased in price.


No, the price of gold reflects the world's perception of the leadership being provided by the US. A lack of stability like this hasn't occurred since Carter was President and this time around, people are dying by the thousands for the lack of competent leadership.

Why wasn't Bush a 1 term President?

0 Comments:

Post a Comment

<< Home