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Saturday, 28 June 2008

'Misleading' Fed Should Let Banks Fail The close ties between Wall Street and government mean big brokers and banks will be bailed out

'Misleading' Fed Should Let Banks Fail
The close ties between Wall Street and government mean big brokers and banks will be bailed out, but that is putting the entire financial system at risk, Marc Faber, editor of the "Gloom and Doom Report" said. Find out what he thinks investors should do
Posted by kevin at 10:04 am
Labels: commodities

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      • The Energy Question of 2008
      • Gas Prices Run Off the Road
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      • Gold to go to $2300
      • Use your brain power Luke!
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      • They still dance !
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About Me

kevin
After the dot.com crash markets attracted my curiosity. Fairly scary aspects of reality were invisible to the mainstream but inevitable, I saw. Primarily, that a major secular shift away from financial assets to commodities and precious metals is underway disguised by what I call "classic late empire credit bubble dynamics"; enabled by financial engineering, marketing and electronic networks. As far as can still see, peak everything is the real deal and resources and alternate energy the stuff from which futures and fortunes will be built, but only after a massive crash and recession.
View my complete profile