Condor Resources Inc V.CN

What a Joke

[Crashcomingsoon]

My Comment: Does anyone think we're in relatively good times? Bank CEOs and Wall street are being hypocritical in calling for the national debt to be reduced when they lauded the Fed's liquidity and bailouts from bursting bubbles with near zero rates which allowed the government to run huge deficits with little cost.  And, as noted in the excerpt below, I expect rates to increase in the soon to  be recession as the deficits balloon. Got Gold?

Bank of America CEO says we need to take action on the national debt now, while ‘we’re in relatively good times’ (msn.com)

Excerpt:Dimon, and numerous Wall Street veterans including Ed Yardeni, fear that as the U.S. national debt continues to soar, investors will begin to demand more interest to compensate for the increased risk of holding U.S. Treasuries, which would make servicing the national debt even more costly for the federal government.

[Crashcomingsoon]

My Comment:  A financial Crisis is the end result ‘Nothing stops this train. Nothing.’ – Lyn Alden on US deficit | Kitco News Excerpt: The U.S. federal deficit currently stands at $35.362 trillion, its highest level in history. Despite politicians' lip service that reducing the debt is a priority, one analyst says meaningfully reducing the debt is unlikely as the world faces a