Bill’s commentary:
“From our pal Pastor Stanley. Please keep in mind, in a system down scenario, bars are the poorest form of ownership…”
I woke up this morning to an entry on John Rubino’s substack entitled ‘Did Gold Bars Just Become an Impulse Buy?’ where John reports on the apparent fact the Costco is offering gold bars along with salad, shirts and office supplies.
Markets Insider (MSN) reports that ‘Costco says its 1-ounce gold bars are real and have been selling out in hours’.
Bill’s commentary:
“It’s called human nature …”
Bill’s commentary:
“$100 billion? Do you even believe this paltry number? Has anyone checked as to what the Fed’s ‘purported” net equity was last year? The last number I saw was around $65 billion. Is the Fed actually upside down? It’s OK, you can say it …they already know.”
Wait, the Fed merged with the US Treasury a while back, is this why? They knew the Fed’s equity was not enough to withstand what’s coming? And they think the largest debtor in the history of the planet will solve the biggest credit bubble problem ever? At this point, it is merely a mathematical equation, “when” has not mattered for a while!
Bill’s commentary:
“Say it isn’t so?”
BillHolter.com 