Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

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Message: Re: Rescue Plan

Oct 03, 2008 07:49AM

It will not make a bit of difference if it is passed Marlin. Yes, if it is voted in, the dow will go up and a few folks will be helped for a short while but the whole entire bill is not designed to help the US citizens or to pay down the national debt. [$11-13 trillion dollars]. The freshly printed money, which has no backing, is ear marked for special interest groups and for over seas governments and companies. The Fed recently [apart from the proposed bill] shipped out to the world markets over 700 billion [they said for liquidity reasons] followed by another 350 billion a day or two later. That's a trillion right there. Who, pray tell, is going to pay for that. The Fed which is a private group of bankers that run our country [Many leaders came from Goldman Sacs] has never had an audit done on themselves and they are going to be the controllers of that 700 billion AND all future monies that will come "as needed" and they will dictate to whom it will go. Bankers feeding bankers. We will soon see that 700b become one trillion. Coming due is another trillion in derivative swaps so after our guys congradulate themselves, [if this bill passes] we will be hearing more about the existing billions in "toxic paper" derivatives from Leeman, Citi bank Bank of America etc. & etc. If everyone is borrowing who then will be paying back. The United States Government is doing what is tantamount to counterfeiting our currency. The unreal fear mongering ultimatums being given to the naysayers of the bill range from the dow going down 2000 points 2 days in a row to MARTIAL LAW on US soil.

In the mid-west silver dollars have an unheard of $8 dollar premium on them and gold bullion is a $100 dollars over spot, yet silver and gold and pgm stocks keep getting hammered. In most places you can't get a lot of either metal so what ever happened to the law of supply and demand. No supply should cause the price to go up but is is down. Why, because it is being controlled by the very ones that caused this debacle. That scenario will not last forever my internet friend.

Take care,

Jerry Francis

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Oct 03, 2008 09:26AM
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Oct 03, 2008 10:10AM
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