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Abandon Hope All Ye Who Enter

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posted on May, 31 2012 @ 01:52 PM
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So will it be said with the markets. Expect the S&P to hit new lows below 600, and a full blown global depression between July and December of this year. No stopping the Euro beast from going under, nor the 4-5 trillion US banks have tied to this monster financially (~40% of all US deposits on hand - through massive leveraging). Nor the fact that the Euro, bonds, bailouts, etc have all been leveraged 30:1 +. Nor the fact that 23 of the largest Chinese banks are imploding, and that China has NO MONEY to bail anyone out, in fact for the first time ever the Fed has given the Chinese DIRECT computer access to the Fed/Treasury for the purchase and selling of bonds, without having to go through Wallstreet... you see, the Fed/Treasury are buying most of all the short and long term bonds back from themselves, artificially manipulating interest rates and pushing most buyers out - if they did not do this rates would be skyhigh, which will collapse everything. Direct purchases by China only solidify this Fed policy. However, by doing this the US is basically bitch slapping its creditors in the face through devaluated money and bond yields...

The # is on. Don't even think for one second gold or PM's will help, when this bitch comes down, god save us all...




posted on May, 31 2012 @ 01:59 PM
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reply to post by pityocamptes
 


If you are proved correct, pityocamptes, then I,m totally buggered, not being a Christian...Interesting post, thanks.



posted on May, 31 2012 @ 06:01 PM
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Originally posted by pityocamptes
The # is on. Don't even think for one second gold or PM's will help, when this bitch comes down, god save us all...


Entertaining and addictive isn't it?

Get a life please.



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