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Direxion Daily Financial Bear 3X Shares Message Board

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  • seasonedspec seasonedspec Nov 1, 2009 5:13 AM Flag


    GS is corrupt, but so aren't much of Wall Street, big banks, and unfortunately many, in government as well. We have grown accustomed to hearing about the abuses of derivatives, sub prime mortgage bundling, toxic waste, bailouts, illegal naked shorting, bonuses for banking executives who have been rewarded for massive bank losses, rip off credit card interest rate increases, etc. It's no surprize that we are now a debtor nation and that our currency will soon become worthless paper. Once inflation takes hold, interest rates will move higher, and a much larger segment of our national budget will be needed to finance our ever growing indebtedness. Soon other nations will be unwilling to loan us additional money, and the American dollar will come tumbling down. We cannot stop this, but we can protect ourselves by buying gold and silver. I now hold stock in six silver mining stocks in anticipation of the collapse of the dollar in world markets. Most Americans do not understand what is happening and therefore are not taking any steps to protect their future net worth and purchasing power. We can successfully trade FAZ & FAS, but if we fail to protect our profits by investing in gold & silver, the future errosion of the dollar will wipe that profit out. Wake up and act before it's too late. SS

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