Copper-zinc exploration in the Flin Flon-Snow Lake VMS Belt

Recent Results Include 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres

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Message: Re: Bernanke
1
Sep 27, 2008 05:19PM
4
Sep 27, 2008 08:20PM

Sweden's bail out on a percentage basis of GDP was higher than the United States is for now. Other things that concern me is the derivatives market and the number of trillions of dollars possibly needing to be unwound. Also, further talk that 700 billion will not be enough to quell the storm in the US. Also, whats different is that Sweden is not considered the world financial leader. Another significant development is that some(at this point nobody seems to know the amount) of the loans the US is taking over are, for a lack of better wording on my part, unsecured( not backed by real estate). Whereas Sweden's were, "Sweden formed a new agency to supervise institutions that needed recapitalization, and another that sold off the assets, mainly real estate, that the banks held as collateral.". I sure hope this does turn around, but for exploration companies it may be a few years. Hope I'm wrong.



Cheers

1
Sep 28, 2008 04:10PM

Sep 29, 2008 03:48AM
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