posted on Jul, 10 2008 @ 10:39 PM
This post was from another thread but worth repeating.
A Very Scary, Very Disturbing Blog Post About The Coming 2008 Economic Crash
post by uranian ,
so the economy, this chart from the Fed (a data series called, what else, BORROW), says quite a lot about the current state of affairs...essentially
the Fed has been swapping its money (treasuries) for junk mortgage backed securities for months now, and will be out of treasuries and purely in
garbage paper (these MBS are worth perhaps 30% of their face value, if there is any market for them at all) within a year at the outside, at which
point...well who knows, but you should certainly own gold and silver.