elwind45

If This Comes True, You'll Be Glad You Own Gold & Silver

When did you ever see the treasury sec become a media bum? The amount of fear must rise in investors, " when this goldman reject hits the stage". Pall- mall paulson needs to visit some State fairs to spread his "hubris". When you see treasury more than the president something is major broke. Funny, when the S&L debacle hit it was only going to cost 2.5B. The final bill was about 150B. Today its 25B to save the GSE's. However the enterprises have 80B in the "bank" or so Paulson says! The bailouts are going to create new credit to save old debts. How is this a productive use of funds? Too much credit without equal production! The fed will have to start draining at the same time that taxes will have to be raised to finance federal balance sheet. A flat tax will be added as a new way to finance government.( old system will be left in place) The GSE's will beg borrow than be folded up. The investor class is on the treasury's radar screen to be bleed dry.....pity!