Posted on 03/22/2012 8:27:28 AM PDT by geraldmcg
Swiss America Chairman Craig R. Smith comments on the Bernanke/Geithner testimony to Congress:
While watching the testimony of U.S. Treasury Secretary Geithner and Fed Chairman Bernanke today, I was struck by several answers provided by the witnesses. One answer stood out amongst them all.
In answering questions about funding of the IMF for the financial needs in the Eurozone, the U.S. Treasury Secretary said the chance of a default by the IMF, or any of its borrowers of money provided by the U.S. is extremely low. Why? Because the loans are all "backed by IMF gold"! ...
(Excerpt) Read more at 888webtoday.com ...
Until the politicians want to ban the possession, sale, or exchange of it.
ML/NJ
Will we end up like “goodfellas” and hip hp gangsta’s wearing out bling as it becomes an ipso facto default currency and use that for trade...
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