cribbooky's  Instablog

The banker masters are geniuses! They have orchestrated a system where:

• lower risk borrowers get the higher interest rates
• the higher risk borrowers get the "assisted" lower interest rates
• Big Brother bails out the banks (unlike most other businesses) in the likely event that it should fail
• Those refinancing costs to get the new rates can be rolled into the new loans, which increases the borrowers' debt while also providing near term billion$ in processing fee$ for the lender$.

Business is good. God bless America.

http://money.cnn.com/2012/03/06/real_estate/obama_mortgages/index.htm

In the news yesterday: a self sustaining cold fusion generator demonstration was supposedly performed for the US Navy (if true, oil price would eventually dive), and Israel has tested a rocket in anticipation of possibly nuking Iran (oil price would $oar). $ What to do? What to do? $

www.foxnews.com/scitech/2011/11/02/andre...

www.foxnews.com/world/2011/11/02/israel-...

July 14: Gold Surges to Record as Debt ‘Turmoil’ Drives Demand for Haven
www.bloomberg.com/news/2011-07-14/gold-r...

Sept 6: Gold Falls as Eurozone Banks Worry about Counterparty Risks
news.ideforex.com/2011/09/gold-falls-as-...

Sept 28: Gold surges on global debt concerns
www.bloomberg.com/news/2011-07-14/gold-r...

Oct 5: Gold falls 3 percent amid concerns about euro zone debt
www.allvoices.com/contributed-news/10527...

Oct 17:  Gold falls with riskier assets on Europe worries
www.reuters.com/article/2011/10/17/us-ma...

Oct 25:  Gold surges, stocks fall on new Europe worries
latimesblogs.latimes.com/money_co/2011/1...

Nov 1: Gold Price Tumbles Through $1,700 on Fears of Greek Default
www.ibtimes.com/articles/241187/20111101...

Nov 2: Gold rises on deepening euro zone crisis
www.moneycontrol.com/news/wire-news/gold...

Now remember that GOLD is a safe haven investment, but it is also considered a risk investment, which is why it either goes up or down with the Euro fears.  Isn't this clear?!

Disclosure: I am long GOLD.