When Obama finally elected in the election last week, the world - at least from the economic side - have very much changed. capitalism and the financial industry "ribawi" appear speculative.
These days the government and the American economists busy looking for economic solutions to save the land. After the financial industry crushed, now the real sector has fallen and start queuing for the actions of government bailout.
Yesterday Ford and General Motors' shares has fall in exchange, each decrease 6.79% and 13.1%. The age is that they stay strong six months if there is no injection of fresh funds from government or from other sources.
The darkness of U.S. economy's atmosphere is also reflected in the announcement that DHL will close domestic operations in the United States that impact on the 9500 people lost their jobs. the closed of DHL operation indicates the decreasing amount of goods and trade in the U.S..
So what can be done by the U.S. the chosen president Barack Obama?; Can Obama will be all out trying to save the U.S. economy.
This means that Obama will try to save not only the financial sector but also the real sector, especially to save jobs - as he promises the people of the voters in the U.S..
This can only be done if adequate liquidity is available and the value of U.S. $ is not too high compared to other strong currencies. If currencies such as the United States is too powerful these days, they can not export competitive industry and many of them have to be closed.
If U.S. $ is now very high and will turn to decrease the future, the price of gold the world will move from a position that is otherwise very low now turn the significant increase.
Movement of gold in terms of who is in power in the United States can be seen in the chart below.
Gold prices have increased very sharply when the Democrats in power, that is between 1977-1980 when the United States president Jimmy Carter in the grasp. But also had experienced a decrease in the years 1993-2000 when the United States president Bill Clinton in the grasp.
This time I tend to think the price of gold will be time to repeat the history of Jimmy Carter. That is the price of gold will soar again in this era Obama. Why?.
U.S. $ Index vs. Gold Price In addition to statistical trends can be seen that has increased before elected for few years, there is also the reason behind him.
When Jimmy Carter in power, some years previously in charge of the republic is very careless of the Nixon presidency in 1971 brought the world to leave Bretton Wood Agreement, the entire impact of money in the world is no longer associated with the gold reserves.
Paper money that can be printed at will this is the price of gold and suddenly increase peak (time bomb) exploded at the government run by another party.
That precede Obama is also so, the republican president George Bush bungling 'printing money' with the various economic rescue program.
Bush abandoned the only true time bomb - that will explode with the destruction of U.S. $ at the time the government has been in the hands of another party, namely that Obama's Democratic party. When this happens, a good high price of gold at that time.
I can only mistaken, only in Allah's hand all knowledge for the future. Allah knows best.
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