morons fed to put a rocket under us dollar ++_+_
Blackwolf you have now said it all. You have absolutely no idea. Currently we have Fannie Mae holding approx. 1/4 of all US mortgages and their accountants are too scared to sign off on the 2003 accounts. Of all mortgage lending in the last 24 months in the US 20% has been sub prime. Take a hit on the real estate bubble and what happens to consumer spending. What happens to house prices, the debt spiral goes into hyperdive and personal bankruptcies skyrocket. Who will buy more US dollars to pay the already unpayable interest of $50billion a month just to keep the yanks alive in this game. Christ it goes on an on. Gold, well i reckon we have a short term correction in a long term bull just establishing itself. On a scale of 1-10 we are only at about 2 possibly 3 in terms of a gold bull market. REALLY I have heard it all. Raise em by .5% and there is only months to wait for a tumultuous CRASH. Here is hoping you are right.
