chops_a_must
Printing My Own Money
- Joined
- 1 November 2006
- Posts
- 4,636
- Reactions
- 3
If I recall correctly, before all of this started, the US Fed had in the order of 800 billion in their account.
I have also read that since this fiasco started, they have shelled out 814 billion.
So unless someone can correct me (or in the unlikely event they have raised money somewhere), the US are already printing money, or at the very least, on the verge of it.
The AIG deal seemed to put them over the edge, and at that moment, Gold took off.
Regardless of the success of the intervention, the only rational trade I can see, is gold.
The US are technically bankrupt it seems, and the Chinese are looking to get out of the USD.
All of these factors point towards gold being the likely saviour as the exodus takes shape.
Unless someone can point me somewhere, I think we are basically already printing money. And if we aren't, how long do you think it will be until we actually are?
I have also read that since this fiasco started, they have shelled out 814 billion.
So unless someone can correct me (or in the unlikely event they have raised money somewhere), the US are already printing money, or at the very least, on the verge of it.
The AIG deal seemed to put them over the edge, and at that moment, Gold took off.
Regardless of the success of the intervention, the only rational trade I can see, is gold.
The US are technically bankrupt it seems, and the Chinese are looking to get out of the USD.
All of these factors point towards gold being the likely saviour as the exodus takes shape.
Unless someone can point me somewhere, I think we are basically already printing money. And if we aren't, how long do you think it will be until we actually are?
