Cleveland Cliffs Inc (CLF)

[Saving Grace]

Banks like JP Morgan are illiquid and why they are shorting the hell out of basic materials, gas and oil.

The Feds are now up to 100 Billion a day they are now giving to banks just to keep them afloat.

Banks are now fearing insolvency as they have become illiquid and possibly on the brink of BK. The Feds can't keep stuffing Trillions to bail them out and why the out of hand shorting continues as it is them selling off markets to cover their own neck and the hedge is filing BK so they don't have to pay it back.

We may be returning to the gold standard in short order as top banks like Lehman Brothers and JP Morgan fall with nothing to hedge against other than precious metals which will hold their value if shifted back to the gold standard rather than this 50 year old Fiat system that is falling apart.

I am not surprised that no media has been covering this but then again, the media is owned by the Rothchilds and Rockefellers who are beating up on basic materials and value stocks.