Relevant:
- QE: Hyper-Inflation to Oblivion
- Why China Is Dumping The Dollar - And Why You Should Read Up on the Weimar Republic
- The burden of unsupportable debt. US debt-to-GDP growing at a pace rivaling certain European nations -- The dramatic problems of peak debt in 2012.
- Silver Is Way Undervalued Compared With Gold
- Why I Was Completely Wrong About Gold
2009-05-15 — 321gold.com
``In time, the United States and its bankers will be almost completely isolated, the principal defender of its monstrously growing debt burden, stuck with only a printing press with a Weimar brand. Consequences come, at which time gold & silver will be the major games in town. As the USEconomy continues its lethal decline, the USGovt stimulus will require quarterly stimulus of staggering proportions. By then, the entire US financial structure will be thoroughly discredited.''
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Comments:
bgamall at 03:17 2009-05-18 said:
I have no doubt that the stimulus was misdirected to the cronygangers of the banks, ie the hedge funds. The stimulus went to the banks in order to protect the hedge funds, the international banker cockroach types and their well connected old money families. These folks are leveraged to the eyeballs to the senior bonds of the banks and they refuse to let a little thing like the sovereignty of the United States get in the way of their control of the system. It is my view that we should have had new banks, and a lot more money into the hands of the consumers, without whom there will be NO RECOVERY. Consumers make up 70 percent of the US economy and the banker scammers have hurt this golden goose. Now they are crying to mommy government because the consumers no longer trust the rat banker scammers. They are criminals in need of immediate prosecution. Permalinkadd a comment | go to forum thread
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