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Bullboard - Stock Discussion Forum Scorpio Gold Corp V.SGN

Alternate Symbol(s):  SRCRF

Scorpio Gold Corporation is a Canada-based company, which holds 100% interest in two past producing mines, the Manhattan Mine and the Mineral Ridge Mine, both located in the Walker Lane Trend of Nevada, United States. The Company's Manhattan District comprises the advanced exploration-stage Goldwedge Project, with an approximately 400 ton per day gravity mill. Adjacent to Goldwedge is the 4,300... see more

TSXV:SGN - Post Discussion

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Post by 1rockit on Nov 10, 2021 3:37pm

TDSB ;

I understand your thinking.. But what most people don't understand is the Government's around the world are in a quagmire. I think they're behind the curve on interest rates.. I believe they should have been moving them 6 months ago.. Now inflation is completely out of hand.. The only way to cool inflation is to raise rates .. Which means a lose of jobs . If they don't start rite away, inflation will be at 12% in six months .. They'll have 0 chance of catching up to slow it down.. Do you understand my thinking . Gold is going to take the lead from inflation numbers instead of listening to the Fed.. Fantastic for gold , s h I t t y if your trying to sell a house or a car or a waterbed or or or. Cheers
Comment by tdsb on Nov 10, 2021 5:24pm
Rockit, The Fed can't raise rates because their debt load is so high that the interest on the debt alone would crash the system. They are printing 9 trillion$ this year alone, add that to the already existing debt from past years, throw in welfare, social security, and all the other entitlement programs and if they raise rates, they couldn't afford to pay the interest on their debt ...more  
Comment by fordster on Nov 10, 2021 5:50pm
TDSB do you remember when Mc Cain was running for President? The entire debt was 2 Tril. And his message to everyone was...."Do you feel this 2 Tril debt is sustainable?" I think God blessed him by taking him home....great man, but I'm not sure how he would be handling our current situation too well.
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