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how big will the 2009 gold bust be?
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<p>[QUOTE="scottishmoney, post: 539397, member: 12789"]Well the FDIC won't let the banks fail, they will just create more money and all is good... except that all that inflated money will have an eroding aspect on the dollar, but not just the dollar, but also the Yuan, the Euro, the Sterling etc. Then you can expect that China, you know, that country with $700 Billion in US Treasury notes will call them and want them cashed out immediately further contributing to the demise of the once almighty dollar.</p><p><br /></p><p>And the Fed via the Treasury will keep throwing semi good money after bad, flushing it all down the toilet of AIG, Citigroup and BofA.</p><p><br /></p><p>It is a vicious cycle, and frankly, the press is whitewashing the severity of the situation, but we are in a financial crisis that could make the Great Depression of the 1930's look relatively timid.[/QUOTE]</p><p><br /></p>
[QUOTE="scottishmoney, post: 539397, member: 12789"]Well the FDIC won't let the banks fail, they will just create more money and all is good... except that all that inflated money will have an eroding aspect on the dollar, but not just the dollar, but also the Yuan, the Euro, the Sterling etc. Then you can expect that China, you know, that country with $700 Billion in US Treasury notes will call them and want them cashed out immediately further contributing to the demise of the once almighty dollar. And the Fed via the Treasury will keep throwing semi good money after bad, flushing it all down the toilet of AIG, Citigroup and BofA. It is a vicious cycle, and frankly, the press is whitewashing the severity of the situation, but we are in a financial crisis that could make the Great Depression of the 1930's look relatively timid.[/QUOTE]
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