Fed reserve has pumped into the systems, 20 trillion in loans to banks and hedge funds all over the world...It has not worked...
European Union is doing the same thing...Buying up debt and putting it on their books.
All these banks are losing money here, the banks will start collapsing, panic will follows.
My greatest fear...when the runs start on banks, first will happen overseas, and then panic in our banks...I'm 99 percent sure, they'll blame the gold speculators and will seize the gold.
“I’m 99 percent sure, they’ll blame the gold speculators and will seize the gold.”
They’ve done it before, though I’m not sure what it will accomplish. I don’t know how it will work out, but it certainly has been worse: we’ve had similar economic problems, compounded by food shortages.