Saturday, June 18, 2011

big banks would do a 1980 if they could

big banks would do a 1980 if they could

They didn't wast any time taking out the Hunt brothers in 1980.

They didn't waste any time, before and even after the 2009 crash, selling toxic loans to whomever would buy them, including their customers (whom they then bet against).

Why would they do any different in 2011, unless they can't.

Awareness of the importance of gold and silver investing is sorely missing, especially in the usa.

But I think Max-Keiser's I-don't-how-many-and-where minions got the "religion", so to speak.

And I think China also got the "religion", really so to speak, from Max and/or other gold bugs and/or gold investment companies and/or Journalism 2.0 in general.

No, the big banks and their non-banker buddies know the importance of keeping gold and silver prices down.

The last thing they want to hear is Joe Average saying, "Gold costs over $2000 an ounce!."

Then Josephine Average saying, "And it's the fault of banks in New York City."

And of course Joe Average says in return, just like in the old Pace Picante Sauce commercial, "New York City!"

Oh, oh!

No New York banker is safe from the wrath of the heartland, once aroused.

No comments:

Post a Comment