The government has set a precedance now for a dominoe effect in banking and probually corporate bailouts leading to an ever weaking dollar. Where are they going to get this money to bail out all the defunk loans these banks had on there books? You got it. Print more. Which will inturn flood the market with more dollars decreasing purchasing power. Real Smart Move! Look in the news for more and more banks to require this help from Uncle Sam.
It is my beleif that this scenario will play out not only in financial banking sectors but move to the big "American" corporations, the likes of GM, Ford, etc. I beleive these big companies will need to get help from the governement due to the mishandling of the monies needed for the extrodianry pension payment plans they promised the hardworking employees. These are the people that will be getting hurt the most. Not the CEOs who still got their million dollar bonuses.
Precious metals prices will increase with respect to the decreasing value of dollar so buy while prices are cheap. As of this post price per ounce is approx. $765.
Gold Bless Us All
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P L E A S E
Use a spelling checker!!!
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