This recovery is wonderful in every way, except the important ones. It is like a shiny new airplane. It has glossy aluminum wings. It has plush seats in the first class section. Trim stewardesses serve drinks. Movies are available on demand in all sections…

A majority of those polled by Bloomberg think it’s great; 61% said they thought they economy had taken off and was flying high. Stocks are up. Commodities are up. And here’s another Bloomberg headline: “Global investors give Federal Reserve Chairman Ben S. Bernanke top marks…”

The recovery has won the approval of economists and the public. It has almost everything going for it. It just won’t fly!

Comes news this morning that the US economy is still on the runway. This report from the AP explains why:

“WASHINGTON (AP) – Consumers slashed their borrowing in July by the largest amount on record as job losses and uncertainty about the

Gold prices are sliding again today as the US dollar rises and investor take profits on recent gains. After peaking at over $1,000 an ounce in March, the precious metal fell as low as $750 in September.

Jeff Clark says this could be the buying opportunity of a lifetime. The Fed and US Treasury are flooding financial markets with trillions of dollars. This will eventually send inflation soaring and the greenback into a nosedive. And that's when gold prices will skyrocket.

If gold returns to its 1980 inflation-adjusted level, it could mean a spot price upwards of $5,000 an ounce.

What’s more valuable than one ounce of gold? How about the news release I brought back with me from the future that reveals the price of gold then? It’s with nothing but unabashed excitement that I republish an article that I saw cross the AP wires on January 21, 2012…

What’s more valuable than one ounce of gold? How about the news release I brought back with me from the future that reveals the price of gold then? It’s with nothing but unabashed excitement that I republish an article that I saw cross the AP wires on January 21, 2012…