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Bailout Might Fool the World for 22 days

By admin | October 14, 2008

That’s the view of Jim Sinclair, gold and mining stocks commentator, whose opinions often reflect my own.

Once again the exact economic actions that caused former market bubbles, today’s credit crisis (that is made up of massive legal financial fabrications) and enormous injections of US dollars into the world monetary system by the Fed (Helicopter Drop) were taken.

The FASB has once again allowed egregious financial fabrication in the valuing of OTC derivatives outrageously far away from the reality of their true worthless value.

Read the rest here (don’t worry, it’s not a long piece!)

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