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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
 Posted - 05/10/2010 : 06:53:25
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I got up this AM and saw on CNBC that the EU and the IMF have agreed to a $1 TRILLION bail out.
It just surprises me that $1 trillion figure is thrown around so easily
I would think this is another step towards the march towards hyperinflation.
The U.S. futures are up almost 400 points. Why doesn't this scare investors more?
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SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 05/10/2010 : 07:12:47
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17% of the cost of that trillion from the IMF is the US...I guess we will have to just print more money!
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 05/10/2010 : 07:27:58
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| Investors (without considering ramifications) merely think that no matter what the problems, govt's and Central Banks will step in to fix the problems, providing stability. They're not going to let the lights go dim in the casinos. Gold is down significantly on this same news, though silver is stable for now. |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 05/10/2010 : 07:34:32
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| That is what price fixin can do for ya! :-) Ah, can't you just feel the sunshine and see all the lollipops. |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 05/10/2010 : 12:29:41
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$T has to go somewhere - some of it is bound to find the market.
Another step towards massive inflation. |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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Why are the markets so up on $1 trillion bail out?
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