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Originally posted by infinite
The Fed will not bail out the market and since day one it, and other Central Banks, haven't taken this financial problem seriously. Their dreamland approach has resulted in the US economy going into recession (Fed will probably confirm next meeting).
Question, can it get worse?
Short answer is yes, due to nothing being done. Our finanical system is facing banks not trusting each other, heavy write off's of bad debt, lack of confidence and huge decline in the markets.
Millions are going to lose their homes, about 44,000 could suffer the same fate in the United Kingdom too. Yet, the Central Banks are more worried about inflation than the possibility of our capitalist system doing into system.
Originally posted by marg6043
reply to post by ChrisJr03
Perhaps the reason is here in this article.
Merrill Lynch received a $6.6-billion investment from Singapore's Temasek Holdings Pte.
They has been bailed out already.
Originally posted by pityocamptes
Be VERY careful with gold. If the dollar drops out two things are possible, the fed will crush the value of gold or follow through the latest executive order that allows the treasury to confiscate gold in the interest of national security.