Saturday, 28 June 2008

Barclays turns on the Fed - a financial storm nears

The banksters know what is coming - and they are turning on one another. Gold and silver will be the only refuges in such a storm - and they know it. PM stocks should do hand-stands as they are revalued and re-rated in the months ahead. The world is headed for the greatest recession since The Crash and Depression of the late 1920s and 1930s. With the encouragement and propaganda of the media, Joe public has believed everything their governments have said about the inflation rates (2-3%!) with 4% mentioned as "possible" in the UK. This is when money is has been printed at the rate of 14-17% in the UK with similar rates in the US and elsewhere. This is the REAL rate of inflation. With western governments in the US and the UK only interested in bailing out Wall Street and London's City Banks and European governments doing the same it looks as if everyone else is being sacrificed for the greed and credit scamming of the banks. Late September to October looks to be crash time.

No comments:

About Me

I teach Film, Media and English Lit.