IMO I wouldn't be suprised if fins hit this afternoon with the way the mm's are behaving. Something certainly seems up!
Risk- You are very correct about QE 3. I don't thing people really understand how much trouble we are really in. For starters, we get our money from the Federal Reserve whom is not even part of the United States. But what makes this situation so bad is that there are not any countries that want to buy our debt anymore becuz they all know our dollar is going to crash. So, Mr. Tim Geitner (who owes over $2m in taxes that he hasn't paid) calls Ben Bernake of the Fed Reserve and says I need $20B to buy our Treasuries so that everyone thinks we are not in trouble. Bernake says no problem and wires the money since it is nothing more than credits on a computer screen these days. Now, we have borrowed $20B from the Fed Reserve (who is owned by foreignersscary isn't it)buying our own debt and paying interest on the borrowed money. Do you people understand why we are in so much trouble now? This is why it is a must for people to own gold and silver in their portfolios. Our dollar will collapse and our govt "Obama" will make sure of it. They will also collapse the stock market. From the words of an Elite aka guys who run the world so to speak who said "Americans will be so broke that they won't be able to rebel." Take it for what its worth but this guy has been 100% accurate on everything that came from this elitist.
This is the largest shift of wealth that the world has ever seen and our QE 2 & now QE 3 that is taking place is the biggest ponzi scheme that the world has ever seen.
Just wisen up and protect your assets with physical gold and silver, not stocks. Remember, when you own a gold or silver stock that company has to be doing well in order for it go up. When gold was up 40% on around 5% of gold stocks were doing well. It is still a piece of paper. Again, take it for what its worth. I am in the precious metals business and this is what we do. The worst has yet to come. People will be begging for food, crime will continue to soar, and people will become desperate. Look at the number of people on govt support now. Take that away and what do you think will happen? Buy storable food as well. Just my professional opinion guys. Its coming and there is nothing we can do about it. It is too far gone! GLTA
Oh ya and inflation will be significantly higher by the end of the year and we will see hyperinflation. We are borrowing $188m an hour and the printing presses are running a full capacity. Don't take my word for it do some DD. Go to the National Association of Inflation and watch their videos. Its shocking. Look at the price of foods in the grocery stores already.
gmarc
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