Loading ...The dirty little secret of deflation is asset values fall below the amount loaned on them and retail banks start failing in big numbers. The morons in charge still haven’t figured out that a rising stock market propelled by hot money instead of earnings is called a “bubble”.
the big bailouts of 2008 fixed nothing. It just kicked the can down the road. We are now at “down the road”. When the new congress is seated in January, something bad is going to happen, no matter what.
james Lankford, the new senator elect from oklahoma was asked if oboma was going to be impeached. His answer was a classic. He said ,”I don’t know a single republican that wants joe biden as president”.
Just when you think things can’t get any worse.
i don’t care how high or low gold and silver go. It’s not an investment for me, it’s insurance.
keep on stacking.
rno