Since the first bailout began, gold is the only safe place for your wealth.
By Daniel at 18 February, 2009, 1:26 am
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I want you to think about this, the government and bailouts, essentially began in March a year ago, with the $30 BILLION in taxpayer dollars given to JP Morgan to buy Bear Stearns. There has been over $3 Trillion, thats three million millions in bailouts since then as well as injections of liquidity and other Federal Reserve loans, estimated to be in the neighborhhood of 8 TRILLION DOLLARS. All the while the markets have worsened and showed no change in trajectory. Government intervention will not save us and DOES NOT WORK.
Look at this time line and remember, from the year 2000-2007 Peter Schiff and Ron Paul told us this was coming. Gerald Celente, Max Keiser, Bob Chapman, also warned of this. Those who listened were able to get their money out of the markets early enough to stave off tremendous loss of capital. How come people still refuse to listen to those who were right and yet demand to listen to those who continue to be wrong? History will prove my position.
I am just glad they haven’t been able to take any of my money. What a racket, what a scam!
Almost forgot. Today the DOW closed at 7552.60. Do you know where it closed on its absolutely worst day back in the dark days of the fall of 2008? It closed at 7552.29 at its lowest in 2008.
So you mean to tell me that in spite of the first stimulus, and the $700 billion dollars in TARP, the BILLIONs in fed loans, the dropping of the interest rate to 0%, the halting of foreclosures, the bailout of Auto companies, the millions of millions the Multi-Trillions of fake money PUMPED into the system, we are right where we were 4 months ago? AND STILL DROPPING? How can any person believe Baucus and these more-ons in Washington.
Gold is the only safe place for your wealth. Gold is once again, outperforming every single asset class and investment vehicle out there.
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