Monday, October 6, 2008

I hope the politicians are happy now?



Lehman Brothers lost 683 billion, so when will the government issue a 2nd bailout bill / "plan"?

It is my personal opinion (I am probably the contrarian indicator) that every big bank in Europe and the USA will go bankrupt without government support. I think that any government that tries to help the banks, will default and will go bankrupt as well. If a country defaults, it has to print more money or/and devalue its currency. There is only one currency that can't default ... GOLD

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