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0 The Morning After: An Extreme New World by Martin D. Weiss, Ph.D. 07-05-10 News to Gold Prices — Tags:  
The investment environment has changed over the past few years — and the change has been radical. Today, we are in the midst of a massive global revolution — the East, reaping the benefits of its industry and thrift; the West, paying the price for its sloth and extravagance. Former “Third World” countries are resource-rich, virtually debt-free and have vast cash reserves. And the so-called “advanced” nations — in Europe and the United States — are nearly bankrupt, drowning in debt; most available cash, borrowed or printed. As happens every half-millennium or so, the economic sun is setting in the West and is rising in the East.

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