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12:18 PM
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Direct from a Confidential report: REGARDING GOLD! And other INFO
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[quote:Anonymous Coward 552443:MV83NzI2NjdfMTE4ODM5NjdfMTUxMTE1MDk=] The baseline growth rates used in the administration’s current budget are increasingly seen as unrealistic, and the rosy “stress scenario” that the U.S. Treasury is currently using to evaluate banks’ balance sheets becomes a source of great embarrassment. Under this kind of pressure, and faced with the prospect of a national and global collapse, minds may become more concentrated. The conventional wisdom among the elite is still that the current slump “cannot be as bad as the Great Depression.” This view is wrong. [b]What we face now could, in fact, be worse than the Great Depression—because the world is now so much more interconnected and because the banking sector is now so big[/b]. We face a synchronized downturn in almost all countries, a weakening of confidence among individuals and firms, and major problems for government finances. If our leadership wakes up to the potential consequences, we may yet see dramatic action on the banking system and a breaking of the old elite. Let us hope it is not then too late. [/quote]
Original Message
"The monetary storm coming by the end
of summer 2009 may encourage governments to exchange their foreign currency reserves, particularly
U.S. dollars, for gold.
Unfortunately I cannot divulge the remainder of the report, it is 23 pages long and very valuable.
I will GLADLY post bits of this info if this thread gets PINNED..
[
link to thecomingdepression.blogspot.com
]
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