It was reported on FOX NEWS that China wants $80 billion in gold.

Rep Mark Kirk (R-IL) says during an official visit to China he was told in private by Chinese government officials that they had created a second strategic petroleum reserve and were in the market for $80 billion in gold.

The world’s gold market will produce approximately 2500 tonnes gold in 2009. With gold nearing $1000/oz., that equals 80,377,500 oz. of gold. I don't think China's desire to accumulate $80 billion in gold is a random number - It's the entire world's gold production in a year.

Commercial Real Estate Market
is the next bubble!!!
- Coming your way this fall.

Commercial property values are in a free-fall - In fact, according to the Wall Street Journal, four years worth of gains in value have been wiped out since the beginning of 2008. And it's possible that property values could fall by as much as 50% from their peak when all is said and done.

Vacancies are soaring! - Just take a look around your local mall, shopping plaza or office complex. In many cases, it's like a ghost town.

Refinancing is NOT an option - The vast majority of commercial real estate mortgages are designed differently than the mortgage you might typically use to buy a home. In most cases, commercial mortgages are actually designed to be refinanced after a period of 5 to 10 years.

Forecaster extraordinaire Gerald Celente, President of Trends Research Institute, predicts a bleak financial future.  In fact, as Mr. Celente sees it, the Great Depression will seem like a mild recession. His Trends Report has been successfully predicting the major future trends impacting our lives for 3 decades, including calling the dot com crash back in the 1990's.

"I predict continuing deflation of real estate, followed by extreme currency inflation -- ultimately becoming worthless.  This is why gold is the only honest money -- the government can't counterfeit it.  Look for it to top at least $2000 an ounce"

"Our unemployment numbers are also bogus.  For example, the construction industry is really above 20%, and the government is creating low-level jobs, not real jobs.  The US total real unemployment is more like 16%.  Before the crisis is over, it will reach 25% - great depression numbers."

"When people have lost everything they have nothing to lose, violence and crime will explode. The number of people not graduating from high school is exploding --  New York City will look like Mexico City in a few years.  The collapse of morality from top down -- and especially in the government -- makes it inevitable."

"What can we expect in the coming future", we asked.

"We predict state secessionist movements will rival the breakup of the Soviet Union."

"The dot com bubble should have burst and gone away in a short sharp recession.  But the boys at the Fed re-inflated the economy by lowering interest rates to a 46 year low -- and in turn created the real estate bubble -- much bigger than the dot com bubble. "

"But this bubble will be the last one.  After the final blowout of the bailout bubble, we are concerned that the government will take the nation into war. This is a historical precedent that’s been done over and over again."

The Foundation for the Study of Cycles is a 78 year quest to understand the forces that drive the economy. It was founded by Edward R. Dewey, Herbert Hoover’s Economic Strategist in the 1930s during the Great Depression. He made a startling discovery. He discovered that economic cycles repeat in a determined and consistent way.

There research goes back as far as 5,000 years. This foundation has accurately predicted the 1982 low in the U.S. stock market – the 1987 crash – the 1995 bull market – the peak in 2000 – the 2004 – 2007 bull market – and the all time high in September 2007. No other organization has been this accurate.

Their prediction for the U.S. stock market is that there will be a short rally into the fall of 2009, and beginning in 2010 it will steadily decline (some short rallies) and hit an all time low in 2012. During this period, commodities including gold, silver and oil will skyrocket.

The Foundation for the Study of Cycles is predicting a ‘Perfect Storm.’ They are showing that a 20 year economic cycle, a 60 year economic cycle, and a 500 year geopolitical cycle are all crashing down at the same time
– it is being called an Economic Armageddon.
It has been 1000 years since these same three forces arrived at the same time.

The geopolitical cycle reverses every 500 years - the power moves from the East to the West as is now evident with the emerging economies of China and Asia.

Data on the U.S. dollar, including its earliest forms, has been tracked since 1695 – over 300 years. There are recurrent cycles. The U.S. dollar is at the end of a 15 year currency cycle. There will be a consistent decline to its lowest point in 2012.

The biggest moves in gold and silver will begin at the end of 2009 and extremely evident in 2010 and 2011. With China wanting $80 billion in gold, it is time to get what you need before there isn’t any left to buy!!

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Mint to freeze exec bonuses over missing gold