The Bank of England lowers rates to 0.5%, the ECB cuts to 1.50%...
The game is on.
The inevitable is coming. And it is coming quicker than everybody thinks: financial institutions will fail. At least some of them. Governments should act on the knowledge that is doesn’t makes sense anymore to rescue institutions who are sucking billion after billion after billion.
Take AIG.
This company is a black hole taking the rescuers, who try to save it, into the abyss. Yes, a bankruptcy will cause misery for a couple of years, but what’s the alternative…
As Jim Rogers says:
"I think it's astonishing, they're ruining the US economy, they're ruining the US government, they're ruining the US central bank and they're ruining the US dollar,"
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Take AIG.
This company is a black hole taking the rescuers, who try to save it, into the abyss. Yes, a bankruptcy will cause misery for a couple of years, but what’s the alternative…
As Jim Rogers says:
"I think it's astonishing, they're ruining the US economy, they're ruining the US government, they're ruining the US central bank and they're ruining the US dollar,"
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