GOLDBUGS AMEX Goldbugs Index (GOLD): "Bernanke has defended the actions and i...

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Re: Joe Kernan post# 6452

Friday, 06/27/2008 2:12:02 PM

Friday, June 27, 2008 2:12:02 PM

"Bernanke has defended the actions and in appearances on Capitol Hill has said he doesn't believe taxpayers will suffer any losses." I don't agree. There will be no recourse except to raise taxes. In the immortal words of Dubby Sr. "No new taxes." What was he forced to do? RAISE taxes. What was the economy under his extended Reagan policies? Just like today. History dictates. Someone in some way will have to foot the bill for the last 7 years. My guess is, you and me and our kids.

What makes us good for gold has a nasty side to it. Sinclair has warned of that many times. Somebody will pay and it's never the big boys.

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