Bernanke has a golden opportunity to relieve the pressure off the consumer tomorrow

Quote from libertad:

Excellent Commentary, Gnome

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I'll bet it will be MUCH higher than that when the rest of the world pukes up their treasuries out of disgust for the crashing $USD.... maybe not within 2 years though.

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What is interesting is that it is not until previous extremes are met....that reversals take place....often this is the case....

The Carter Admin saw 90 day tbills above 16%.....

Yes, and we recently saw them at 0.20%... sounds like the Twilight Zone.
 
Quote from JamesVU2000:

If that happened now we would have a flat out depression and this entire system would collapse.

"IF"?... got news for you... it's coming, regardless.
 
Quote from JamesVU2000:

I suspect we are going to learn a VERY hard lesson about credit expansion.

Unfortunately, this isn't a lesson which needed to be learned "this way". History is RIFE with examples. Our "leaders" weren't bamboozled by any of this.. they knew exactly what they were doing, and they did it on purpose.

It's not that our leaders were taken by surprise.. but rather that they are LYING, THIEVING, GREEDY BASTARDS!!!! They don't give a CRAP about America, our future, and our people... only about their own greed and self-aggrandisement :mad:
 
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