Posted by
JohnRAHGalt on Saturday, October 25, 2008 12:00:00 AM
Financially, it sure is getting interesting. As I write this, DOW futures are down 550….5-FREAKIN-50!!! I see gold is taking another dip today too. I find that one of the most interesting and potentially troubling things of all; gold is following the crash because agencies are flooding the market to get cash. If the dollar tanks, gold will skyrocket and our government and financial institutions won’t have any gold reserves to rely on. Are you familiar with the “Sword of Damocles”? Right now this country has two, credit card debt and international debt. If either of these markets go south like the mortgage meltdown, then this economy fiasco is no longer going to be a spectator sport – we’re all going to be playing.