From another stock site, worth a read.
posted on
Oct 06, 2008 10:15AM
Global governments and financial institutions are reconstituting their Pyramid Scheme to once again con the naive and gullible people. With all currencies now just worthless paper, somebody has to hold these bagful of worthless currencies which are not backed by gold/silver. It's really the subprime mortgages that's giving the most painful headache on the financial system. Real money is almost not their anymore on these properties. There were many cascading factors that sunk these property values, like overheated economy with too much hype on the property market thinking these properties would forever appreciate. It's that stupid but real smart for the con people which led to so many holding the bag like musical chairs. If you have currencies whether local or foreign, it has become USELESS. The Japanese learned from this lesson when they were stuck with almost worthless properties decades ago. Now the German Feds are not selling their gold/PM reserves to make sure their money system is intacked and solid. So, no matter what happens in this chicken game, hold on to your gold/silver/PMs or even buy more stock or physicals. Because, one day, when we wake up, prices of these gold, silver and PMs will skyrocket to new heights never before reached. The game is being played right now. Don't get sucked or fooled by it.