knees to them, and the bankers.
Umberto Calvini:
"The government bankers want to control the debt,
And whoever controls the debt, controls everything.
This is the essence of the banking industry,
to make us all slaves to debt."
Another meltdown. Baraq and Bernanke inspire zero confidence. They seem to be floundering around cluelessly.
they just need to hear the right music.
but lately the band has really sucked...
It’s becoming obvious that they will print more money. This will bolster the stock market. Investors would prefer the stock market rise without QE but they would also prefer that the stock market rise due to QE as opposed to sliding backwards because of no QE. Worst case scenario, it slides backwards anyways despite another dose of QE. Gold remains the best investment IMO. It covers your butt pretty well no matter what happens. also, keep in mind, there are going to be big winners and big losers coming out of this global crisis.
Better a horrible ending than horrors without end.
The government has been pumping up bubbles for too long and it may be way past time for a soft landing, at the risk of mixing a metaphor.
Umberto Calvini:
"The government bankers want to control the debt,
And whoever controls the debt, controls everything.
This is the essence of the banking industry,
to make us all slaves to debt."
When everybody and his grandmom knows that the markets are going to tank, that’s when the markets rally. 1440 by December.
Why speak of going back to 2008, we are still in the depression of 2008, there was never a recovery, just an artificial boost that shot the whole wad before it was necessary, now we have nothing to bail us out.
Obama’s job has been done, he has destroyed our economy and he is still attacking us.
Surfing the TV channels yesterday, I came across Kramer-recommending Gold-physical Gold. If that’s not a sign you’re late to the party, I don’t know what is.
Buyers are snatching up bargains.