Tuesday, September 16, 2008
A splurge of info, he gets going about 1/4 of the way in.
Hyperinflation, Bailouts and Moral Hazard
Watching the future of America as debts pile up,Unloading US dollars could be detrimental to the economy, efforts to manipulate gold continue, 100 billion in losses already written off, South America heats up the Cold War, Saudi walks out of OPEC, WOHA, SAUDI WALKS OUT OF OPEC?! Just to give you a prospective of banking health, they have already written off more than $100 billion. They made $5 billion in the second quarter down from $30 billion plus quarters in recent years. - On dollar manipulation: "This Thursday, the USDX futures posted a gargantuan 94,021 contracts, shattering the previous all-time high by 35,426 contracts, an increase of more than 60%." the FDIC has one-cent in reserves for every dollar it is responsible for.
Posted by planning4acrash @ 01:02 PM (461 views)
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