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Fed will lower, Gold will skyrocket, Oil will skyrocket, the dollar will collapse still further. The Swiss Franc is now quoted at 1.02. It is now worth more than the dollar. in 1971 a single dollar bought 4 Swiss Franc's. What a turn of events. The U.S. Presidents who gave us the lie of FREE TRADE gave us a currency in the ditch. It took a few decades, but it happend. Anyone in favor of the U.S. running trade deficit that is 6% of GDP is a fool. I am disgusted. China is now building auto plants to sell us cars as we shut down our plants. The textiles, steel, cars, and other items come in and the jobs go out.
Mar 14 11:34 am
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All Comments by Ames Tiedeman »Bear Stearns Gets Emergency Funding From NY Fed, JP Morgan [View article]