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Odds 'n Sods:
As mentioned in The Drudge Report, a pronouncement has come from
the Jackson Hole, Wyoming, conclave: Fed
Acts to Limit Credit Crisis
Fallout. Meanwhile, we read: Bush
Outlines Aid for Mortgage Holders. I don't think anything that they do at
this point will stop the debt bubble from bursting. This just the beginning of
a huge financial debacle that will play out in the months and years to come.
As
I've said before, the macroeconomic implications are huge. I should
also mention that
I'm presently waiting for the other shoe to drop: commercial real
estate. There
were lots of foolish loans made in that market, too.
o o o
The precious
metals markets closed decisively higher on Friday--with spot silver
at
$12.02 and gold at $673.20. I suspect that investors have finally realized
that the only real safe havens in the upcoming dollar debacle will
not be denominated in any paper currency, they will be tangibles.
For some background on precious metals supply and demand fundamentals, see: The
Coming Flight to Gold, by Roland
Watson
o o o
A hat tip to Internet journalist and talk radio show host Steve
Quayle. His frequent mention of SurvivalBlog at his
popular web site and on his Q-Files
Internet/shortwave radio show have resulted
in thousands of new visits to SurvivalBlog. Thanks, Steve!
