Seeking Alpha

axelrod608 » Comments » Single Comment |

  • Wall Street Breakfast: Must-Know News [View article]
    The $700B bailout is only window dressing. The day before the House voted down the Paulson plan, the Fed transferred $845 B to European banks and other financials. Grant’s Interest Rate Observer said that Reserve Bank credit surged by $203.6 billion, to $1.135 trillion, in the banking week ended Sept. 24. And Merrill Lynch’s guess is it has soared to $1.730 trillion in only the past few days, a near doubling since May 2007

    The government is using a business model straight from hell, loaning out funds at 2%, while borrowing from foreign governments at 5%. Worse, much of the money to do these actions is being created out of thin air. A clerk can enter a few keystrokes on a computer and a $Billion, or $100Billion, appears.

    The value of the dollar will fall, must fall, as the powers that be debase the dollar at a never-before-seen clip. "Investors" who are not buying gold will be hammered when the logical consequences of this policy occurs. You'd best have your seatbelt fastened, but gold is your 'airbag'.
    Oct 06 10:23 am |Rating: 0 0
All Comments by axelrod608 »
Comments by Ticker
AA, AAI, AAP, AAPL, AAUKY.PK, AAV, ABAT, ABB, ABC, ABFS, ABK, ABT, ABWTQ.PK, ABX, ACAS, ACE, ACH, ACI, ACL, ACN, ACOR, ACPW, ACTS, ACV, ACWI, ADBE, ADCT, ADI, ADM, ADP, ADRE, ADS, ADSK, ADVNA, AEC, AEG, AEM, AEO, AES, AET, AETUF.PK, AFFX, AFL, AG, AGG, AGIBY.PK, AGO, AGP, AGU, AGZ,
axelrod608 is a
Top 50 Commentor
629 comments
Rating: 1544 (2018 - 474 )