Jim Rawles has been calling the FedGov’s actions the MOAB, or Mother of All Bailouts.
Here’s more doom-n-gloom: Up Next: the Mother of All Bank Runs — a run on the US banking system by foreign investors.
What’s interesting is the idea that investors are fleeing to the security of the dollar and US Treasuries — but they don’t want these assets sitting in US banks….
It’s funny how Jim Rawles has been calling it this since March. I should have listened to Jim sooner. He’s a sound guy.
…and how about the weirdness in the gold market? None of the gold bugs can explain why, in the “flight to quality” that is happening now, gold has tanked 10% in the last week when it should have gone up by at least that much.
My guess is that the big money boys, hiding from view as best they can, are dumping big buckets of gold in some sort of “shorting” move, although the gold market is supposed to be short-proof because it is an actual-value commodity.
If the hedge funds have figured out how to manipulate the gold market like they did the oil market, there’s no hope. Gold is the last refuge of economic common sense left, and if it gets taken over by the derivatives gangsters, the best we can hope for is a crash which will wipe them out (along with everyone else).