is gold on the edge?, page-92

Hi Skol

You could do a lot worse than have a look at HangtheBankers.com, on 17 reasons to be extremely worried about the months ahead. There are bank runs going on across southern Europe, Stockton has just gone bankrupt, probably the start of a US municipal bond default panic. JP Morgue's loss is now $9 billion, and rising. The ratings downgrades on those big banks stems from their derivatives exposure ... I've told you many times they're as bust as a gambler. On top of that, the danger of civil unrest in the US is being openly debated. Warned you about this too.
Great read.

It concludes:

"The other day, (US Vice-President) Joe Biden delivered a speech in which he made the following statement….
“It’s A Depression For Millions And Millions Of Americans”
And what Biden said was right, for once. Millions of Americans are out of work right now and millions of Americans have fallen out of the middle class in recent years. If you have lost everything, it does feel like you are living through a depression.
When people lose everything, they tend to get desperate. And desperate people do desperate things – especially when they are angry.
A whole host of recent opinion polls have shown that anger and frustration in the United States are rising to unprecedented levels. The ingredients are certainly there for an explosion. Someone just needs to come along and light the fuse. We truly do live in frightening times.
Let us hope for the best, but let us also prepare for the worst."

Indeed.