GOLD 0.51% $1,391.7 gold futures

Bank Watch, page-2659

  1. 44,246 Posts.
    lightbulb Created with Sketch. 2012

    On the other hand, borrow (if a worker bee can) at low rates and use that to - buy back your own stock, invest in or purchase assets, gamble in derivative products, Ah the options are endless.


    This is what I am saying about them co-opting more and more people into their bubbles. They are making the average man in the street indulge in the same kind of financialisation games that caused the GFC. Borrow heaps and indulge in risky financial moves that are not priced as being risky, use the ‘equity’ in your house and either treat it as an ATM or borrow still more. Now everyone who can - and there will be many who can’t, hence skyrocketing inequality - is gaming and looting the financial system, but they are all entering the ‘too big to fail’ trap that the central banks have created, meaning that the only recourse is even lower interest rates and more money printing.
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.