Tuesday, July 19, 2011

Global Meltdown

More than £5bn was wiped off the value of three of Britain's biggest banks on Monday as global financial markets took fright at the deepening crisis in the eurozone.

  UK Guardian

You know things are bad when banks are frightened.

Stocks fell heavily in Europe and North America while gold rose to a new record of more than $1,600 (£995) an ounce amid concerns that Thursday's emergency summit of EU leaders would once again fail to resolve the debt problems of the single currency's weak members.

And may I just ask, now that the dollar is no longer tied to gold, who in fact owns all the gold? Because they are going to be top dog without a doubt.

....but hey, do what you want....you will anyway.

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