Gold & Math on a Napkin

PRIME MORTGAGE BOND LOSSES: AT LEAST $2 TRILLION. SUBPRIME MORTGAGE BOND LOSSES: TOTAL OVER $1 TRILLION. THE TOTAL MORTGAGE BOND LOSSES: ARE OVER $3 TRILLION. THE OFFICIAL ESTIMATES ARE WRONG BY A FACTOR OF 10 !!! GOLD WILL SKYROCKET WHEN THESE NUMBERS ARE FINALLY REPORTED.

So why are all the so-called experts spouting about $200 billion in total bond losses? Why are Wall Street economists talking about $400 billion in extensive losses? A simple conclusion is that they prefer to lie and deceive, as they defend their industry. Most savvy observers are hard pressed to identify the last time Wall Street and their gaggle of advertisement vehicles actually told the truth