Is this $800 billion package in addition to the $700 billion announced last month?
Or is it just the same plan with an extra $100 billion tacked on top of it?
Answers
546 points
warren answered one year ago …
Yes, and that's only jacks for openers. The quantitative easing has begun and gold and silver are the only way to protect ones wealth. Good luck and take care.
Warren
www.preciousmetalstockreview.com
731 points
thinker70 answered one year ago …
I agree with Warren, in effect what the FED with the governments collusion is doing is issuing MORE worthless paper to allow the system to survive for another round, in other word PAY (cover) the already UNPAYABLE interest that the DEBTS of all levels of government, corporations and consumers have contracted thereby simply e-x-t-e-n-d-i-n-g the final day of reckoning when this CORRUPT system self destructs of its own weight.
The powers that be are rapidly LOSING CONTROL of a HUGE BOULDER gaining speed on a STEEP mountain of DEBT that will ultimately SMASH the economy into smitherens, UNLESS the powers that be finally turn to a HONEST and non manipulatrive system that benefits all citizens instead of enriching just the 5% at the top of the capitalist pyramid!
678 points
BoxCar answered 11 months ago …
I agree with Warren & Thinker70; the Feds actions serve to Float the Bloat-
Go to www.stockcharts.com & open historical charts 1900 to now. Note a HUGE
Head 'n Shoulders developing with a shoulder at 1000 from '63 to '85, a 22yr
period that represents 2nd generation to follow the Great Depression. From
Bosnian death records, 2 spikes in victims birthdates (1930 & 1963) gives a 33yr
time period for 1st generation of the Great Depression (few kids born in WWII)
The 3rd generation of 22yrs starts 1985, ends in 2007 at which point in time a
great socio-economic upheaval should occur because its when a 4th generation arrives and we have to HOUSE both the aged & newborn. Did it start then?
If 2007/08 [mortgage resets] triggered collapse of 2008 economy, what happens
when ARMs begin to reset in 2010/11? It explains the Fed's knee-jerk reaction to
pump money into the banks to stabilize the Dow to oscillate along the head at between 8K to 10K maybe for a few years. With $Trillions being floated in paper
currency, $1000/oz gold isn't far fetched and silver at $11/oz is cheap- buy coins
