Monday, February 14, 2011

#126 defaulting is the default

#126 defaulting is the default

I now think the banksters and their friends are beginning to realize they can't beat China and Russia and Germany with a printing press and will do nothing (the default) and settle for bankruptcy and dollar devaluation, which they hope to benefit from, even at fire sale prices.

But I don't think the rest of the world will give them a pass (e.g. Bush and Switzerland).

Nevertheless, it will be like reinstating high income taxes again but this time for all.

So when dollars are devalued or converted into whatever, people not invested in gold and silver will need help as they do now.

But then those of us with gold and silver can sell some or all of our gold and silver and save at higher interest rates and/or invest in u.s. companies, run in the u.s., producing in the u.s, hiring u.s. workers, companies concerned about worldwide ecologically sustainable market share growth instead of this quarter's profits.

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