Kelly Lieberman

Paulson's Bazooka

"Why is this article in the 'gold & precious metals' section? "

BECAUSE:
"Over and over during America's on-going financial crisis, we have had to suffer through claim after claim by the people that run and regulate our financial institutions that either all is well and sound, no additional capital is needed, liquidity is adequate, the bottom is at hand, and/or the entire kitchen sink of broken plumbing has been thrown into the write-off garbage bin - only to hear sooner than later that the exact opposite is the case. Here we go again. "

AND:
"..but after Friday I still wonder just how many times government intervention will "work" to prop up the stock market."

FINALLY:
"The main advantage that the government has over the private sector is its power to tax the people and its power to print more dollars. This conservatorship has confirmed for me that both are in play in a major way. Thus, this has confirmed my continued lack of faith in the U.S. dollar."

Nobody really has to come out and say it anymore.... " Backed by the full faith and credit of the US government...." doesn't cut it anymore. We don't have faith and we don't have any more credit unless it is the fresh currency we are printing that will only devalue the dollar even more....

LONG GOLD....