SubscribeAll Posts Tagged With: "golden rule"
Gold, Bonds, and Euros
Oct. 13(Bloomberg) – France, Germany, Spain, the Netherlands and Austria committed 1.3 trillion euros ($1.8 trillion) to guarantee bank loans and take stakes in lenders, racing to prevent the collapse of the financial system
With this $1.8 trillion, and the most recent rumors of a $250 billion bank stake funded by the U.S. Treasury, G-7 economies will have flooded the global banking system with over $10 trillion worth of currency.
I’ve been a proclaimed dollar bear for some time, and this changes nothing except how we look at or define the title. Many consider a dollar bear market one where the…
14Oct2008 | Oxbury Research | Comments Off | Continued
Loading ...
