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I've been thinking the same... Few hundred billion here, trillion there, government guarantee here.... Enough allready with the water torture... Either let them go bust or print the money needed but geez make up your mind guys.

Elite trader will have to change it's no pennystock chit chat or they will go bust themselves.

Seriously, they should add a goldstock or 2.. How is that for artificial propping up hu...

If it hits 1k I can retire.

I believe oil doubled from june 2007 to june 2008... Today gold is up 50$ from 1 year ago.:)

Has happened in the past. Will happen again in the future. Must happen again in the future. Too much debt. Banks and countries are crippled by debt. So some kind of agreement will be forged between creditors and debtors. Only question is... Cui bono? As a benefit to...

Wrong, Zimbabwe was Africa's breadbasket. Untill... The Blacks took power. Sounds familiar?:D Just kidding, but still, no, Zimbabwe wasnt always a basketcase far from it. Same with Weimar Germany. Before they had hyperinflation they were the hotspot of the world. All free...

lol lol lol :p

17 billion? That's not that bad.:) Markets should rally on this good news.:p

You guys know about gold and Dow going to parity right?:)

tickmagnet, you caught the SRS today? Free money right...

Haven't been in this game for that long now and I have made money as lost some money but if I have slightly mastered one skill it is reading between the lines and get this hunch on where the markets are going. When I get behind my computer and check out what the european markets are doing...

Does it really matter, 50 trillion or 100 trillion? And how do you see this evolve? If Deutsche bank, ING and UBS fall they will take down their US peers with them surely this whole world of finance is so interconnected globally.

If the US nationalises all the banks surely the charade of triple A US bonds can't go on anymore so then what the rating agencies get shut down? Or is the plan to label all global debt to junk except US and GE...

http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article5728873.ece Car sales across Europe fell to their lowest level in 20 years last month with a drop of 27 per cent. All countries suffered substantial losses although there were stark differences between...

They should throw in some goldminers, let gold skyrocket and DOW would be at 20000 in no time draging all of the world's stockmarket's out of their slump in no time. This stuff is so basic why didnt Paulson think of it boggles my mind.

I once read a blog comment: If you want to save the US economy bomb the Caymans." :D Any truth in such a statement? Cheers.

I would say if you have substantial savings one would be wise to have some cash and gold stashed away in another country. Crackpot tinfoil hat thinking? Maybe but as the Romans used to say in times of peace smart men prepare for war. Other then that, I agree. Gold went up more then...

Aah, the old you can't eat it argument. I just had dinner. French Fries and delicious GM shares. I see your point.