yourdeadmeat69

Gold Should Continue to Outperform; Dollar Should Fall

The US Fed must print or make available 1-3 TRILLION dollars to cover Fannie and Freddie, because not only are subprime ripe not to pay, the valuation of ALL homes bought 2004-7 are overvalued 35%, of which 20% valuation remains to fall. 20% may be offset by 5% annual real estate inflation expectations, so in three years it may be mitigated by normal return to the curve, but meantime, EVERYONE purchasing a home '04-'07 is upside down, the valuation of their paper "off balance sheet". This balloon rests on a pin, and stays of execution, the on balance sheet requirements imposed for August, were extended to avoid more pressure on that "pin".

It's only a matter of time, until some pundit folks listen to yell "who's behind the curtain" and the wizard of Oz will reveal himself as Bernanke and his Congressional elves.

Whoever holds specie or miners at the time it bursts, will hold assets mining $2000 gold, $35 silver.