Itronics Inc (ITRO)

[agNau]

Forgetting someone?
Robert Rubin - Former Goldman Sachs trader. GS, JP Morgan, watch those names and follow their antics.(btw JPM is the biggest holder of silver shorts)
Rubin was behind the Glass-Steagall act fiasco. Any know about the Leased gold during this administration? What actually happens to leased gold? Leased gold and the much resisted audit of the gold holdings. If it is in our vaults, it most likely does not still belong to us.
Ever wonder where the Tungsten bars came from?
400 oz trade bars.
Story broke, and was quickly put out of sight.

No imo, this began when we removed gold backing of our currency.
Just as in Zimbabwe, the outcome will ultimately be the same.
Failed keynesian economics works until more stimulus is ineffective in creating demand. Couple that with the fact that the credit cycle unwinding is causing problems with paper promises the world over...all hinged on the ultimate paper promise....the us Dollar. Demand for paper is DYING.
The banks are insolvent.
Remember when Banks would take in deposits, pay interest on those deposits, then lend out the difference to "qualified" borrowers? Fractional reserve banking system ended that. The money system was pyramided to great heights, to the point where the system is now teetering with more than a $Quadrillion in Derivatives.
All of that is hinged once more on the paper Dollar. We are now printing those Dollars and buying our own Bonds that were created to fund prior money creation.....vicious circle...only a matter of time before confidence is lost.
See any signs of the housing market recovery?
Any that have money are waiting for lower prices....falling prices create more inventory as owners default/walk away....Banks non performing inventory rises....more inventory for sale.....
you get the picture.(govt.incentives only held up the descent)

This paper has been pushed to the limits of this economies ability to absorb it....The way things look now, we are headed down the road of more of the same inflation, until the confidence leaves, and that will be Zimbabwe day.(hyper inflation)

Orseg and Summers have left.
http://www.nytimes.com/2008/11/24/business/worldbusiness/24iht-rubin.4.18116856.html