I'm just a simple guy. You have to 'splain this to me.

I just can't seem to get my head around the fact that they are talking exit strategy when most of the funding hasn't even been introduced into the system yet.

If the americans put the brakes on half way up the mountain, and hope to coast the rest of the way up, something seems a bit illogical there.

or is this just another case of talking up a storm but not actually following through with the action?

You know, like every time gold gets a bit toppy, they talk about selling that 400 million tonnes of gold through the IMF. Talk about it. That usually does the trick. They don't actually sell it. The talk is enough. "Walk with a big stick" sort of thing.

It's worked so well in the past, except I believe the last time the IMF threatened to sell off 403 million tons of gold, China asked where they could pick it up? So that trick is wearing a bit thin.

I think the americans even described the interest in their latest attempts at selling more T-bills as 'tepid'.

What is the total U.S. debt now? 60 trillion? 80 trillion? How long can they pay the interest on it by selling these bonds? Isn't a big chunk of their budget wrapped around interest rates/debt payments ? So now they want to increase interest rates when the country is in a recession, and they can't afford the debt they have now, at an almost zero interest rate. I don't get it.

I think the U.S. dollar has just started to fall. When finally, the CNBC guys start saying how 'surprised' they were with gold taking off, and how nobody saw that one coming. WTF?

Now they are finally admitting, yes, the dollar looks like it could go down, BUT that's a good thing. These guys can spin anything.

So, as you can see, I'm confused by all this. These 'secret' meetings going on with the Saudis, French, Indians, Chinese etc etc all talking about pricing oil in anything but the U.S. dollar. Apparently the meeting didn't happen at all....well that's what CNN says...

I don't believe a graph or chart or monthly % rate or figure that comes out of the U.S. these days. I think it's all propoganda. They tell the world what they want us to believe.

The next scam? The world bank is going to lend the U.S. credit. That allows the U.S, to print even more. And the credit that the world bank will be secured by? nada. Oh man what a web we weave. Whether this all collapses now, or later....

what a legacy to leave our kids.

Stock up on your beans , rice, and water.

This ain't gonna be pretty.

safeharbour