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Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,100
Liked: 2456 times | Rickards: Treasury shorting the Dollar Quote :
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Yellow Jacket Join Date: Oct 2011
Posts: 2,053
Liked: 925 times | The whole interview is now available as an audio: http://www.kingworldnews.com/kingwor..._Rickards.html |
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Yellow Jacket Join Date: Nov 2011 Location: Waaay south
Posts: 3,370
Liked: 2046 times | Shouldn't we be a little bit scared??
__________________ All things being equal, the simplest answer is quite often the correct answer - Occam |
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Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,100
Liked: 2456 times | Scared? no. Prepared? Yes. IMO.
__________________ The journey of a thousand miles begins with a single step. - Lao Tzu Important stuff: PMBug 101 * Forum Guidelines * Support PMBug |
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Yellow Jacket Join Date: Nov 2011 Location: Waaay south
Posts: 3,370
Liked: 2046 times | Bug, Isn't this kind of like a treasury circle jerk? The way it is written, it sounds like a back door loan, so that we don't appear to be directly bailing out someone else, when in fact, we should be getting our own damn house in order. Additionally, every one of those dollars we do not actually have.
__________________ All things being equal, the simplest answer is quite often the correct answer - Occam |
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Ground Beetle Join Date: Oct 2011 Location: Here, There, and Everywhere
Posts: 633
Liked: 388 times | It is a back door loan as I have stated elsewhere. More importantly, if the Treasury is shorting the dollar, they think the dollar is going to tank and are betting that it will. What it boils down to is that the more fake money is created, the more the Treasury can short. That is like insider trading. If they are shorting the dollar, betting on its demise, it should be a wake up call to everyone who does not have his head buried in the sand. They have the means to make it crash and woe unto any of us that ignore the handwriting on the wall. |
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