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Re: gold bubble bursts

By: Cactus Flower in ALEA | Recommend this post (0)
Mon, 15 Apr 13 8:13 PM | 84 view(s)
Boardmark this board | The Trust Matrix 		Msg. 13259 of 54959
(This msg. is a reply to 13258 by faul)
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no.

they quantitatively eased to reduce the deflationary and systemic harms of the financial market crash.

the cause of the crash was the securitisation and mischaracterisation of sub-prime lending by banks, together with the sale of related derivatives, which were driven by the demands of continuous profitability which the market imposes and which gave them a reason to sell mortgages to people with poor credit histories and then lever them.

the scam worked when real estate was going up.




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The above is a reply to the following message:
Re: gold bubble bursts
By: faul in ALEA
Mon, 15 Apr 13 8:09 PM 		Msg. 13258 of 54959

So it's not the fault of the central banks
that have printed 10's of Trillions of
dollars during this financial crisis or the
1.4 Quadrillion dollars in derivatives &
casino banking.....these guys are all responsible
citizens of earth.....who have already got extremely
wealthy.

If their is total collapse gold means nothing...

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