I wonder how hard the run on US banks will be when Bernanke suggests all deposit accts here should be frozen and immediately taxed like Cyprus is proposing to solve their financial crisis. Rich will till be long cat even when banks run out of physical money I'm sure.
Talking gibberish again Toothy. How can they run out of money when your buddy Uncle Ben is printing it at a historical pace? Which is it Toothy? Too much cash and hyper inflation or too little cash and a run on the banks? Can't have it both ways, Dufus.
You realize 90% of the country doesnt even know what a "bernanke" is right? Or cares about stocks and investing? LOL. What they do understand though is the bank has money. And when govt comes to take their money, standing in line to get it out quick is their only conclusion.
Where does bernanke actually keep his printing press money? Oh right, the same place as santa clause makes the toys, in fantasyland, made up to keep the american "dream" alive. LOL.
Rich believes that what is is what was and what was will be what is.
Investing is simple, buy and hold.
When again, was the last time a country seized everyones bank accounts again rich? LOL. i love this financial mess we will never get out, every day they come out with a new way to fake an easy solution to the inevitable.
Neither you or Rich have any measure of creditability when discussing central banking. In spite or your supercilious projections when you both post in terms of the 'FED' printing money only your ignorance rises.
The FED prints meeting minutes, reports and studies. Money is printed by the Treasury. Open up a macroeconomics or money and banking textbook and learn how a fractional reserve monetary system functions. Then return to the board and apologize to all of us who are sick of wading thru your pathetically childish repertoire searching for information of value!
You're right, I had that very debate with him a couple weeks ago. Technically the treasury prints the money and the Fed is spending it. But if he wants to use the image of the Fed printing the money so be it. BTW, if you don't like me constantly revealing what a dufus he is, there is an ignore button under the flag drop down box. Feel free to use it.
Cyprus now considering raids on their banks...LOL.
oh hey, and CAT is 87s.
Tooth for the win x2 this week. And rich is still wondering about that 109 call....anniversary on thursday bud.