Posted on 06/27/2017 11:22:33 AM PDT by HokieMom
This won’t even make a dent in the profits of the doomsayers.
Last year this time there was this effort by some person/entity to declare that by October, the nation was going to come to a financial end. Why it was inevitable.
Up until recently you could go to KitCo and find an add there by a guy being called the Trump Prophet, for predicting Trump’s victory. He’s now predicting financial uncertainty.
I get so tired of this incessant noise.
OK.
With all the perma bears saying we are doomed, I don’t worry.
When the fed chief says we will never crash, I want to go to hard metals and lead and prepare for Fallout 5, live.
Interesting timing. Italy bailed out two banks this past weekend, to the tune of between €5 and €15 billion.
Why does her statement make me nervous?
I almost reached for the phone to call my broker just from the headline. Looking at Yellen “our lifetime” is not that long.
Count the number of gold bars. Determine which of the gold bars are just gold plated Tungsten bars. Subtract the number of Tungsten bars from the bars in the depository. This sum should equal the total number of gold bars you really have. Keep this number secret. If the real number of real gold bars was known it would cause a collapse in the economy.
Uh oh-start buying gold, silver, and ammo.....
Why is that winning?
Big Banks made record profits during the financial collapse. And now they are even stronger plus they escaped prosecution.
They are not ‘stronger’, they are ‘emboldened’.
Iceland’s banking system is ‘stronger’ after their banks were punished.
The US banking system is wearing a grin. They got away with it, so far.
I have bought a lot of stocks over the years. Two sectors I NEVER invested in were: 1:) Retail, 2:) Banks.
Over time the return was never there, for a long term investor the return was never there.
Is she still having fainting spells?
Interesting idea, except that the Fed does not hold any gold for the U.S. government. Fort Knox is under the control of the Treasury.
Well, made me think of this...
“While people are saying, “There is peace and security,” then sudden destruction will come upon them as labor pains come upon a pregnant woman, and they will not escape.”—1 Thess. 5:3
Now why, in 1987, would a metals company build a tool for pouring Tungsten ingots in the exact shape of a gold bar?
It just means that the banks are hard-wired to the government printing presses. Feel a need another cash fix - just press the button.
This increases the chance of financial crisis in the near future.
I have no idea.
Banks are very much stronger because the Fed has given them nearly 10 years of zero interest rate borrowing from the Federal Reserve, while loaning to the rest of us at anywhere from 4%-20%
Quantitative Easing was also passed through the Fed’s primary dealers - borrow 0% money to buy Treasuries yielding 3%, then sell them to the Fed at a profit.
Banks now have massive reserves on deposit at the Fed.
All that money was strip-mined from the American people.
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