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LA, California, USA
Experience: Intermediate
Platform: NinjaTrader
Trading: CL,ES mainly
Posts: 520 since Sep 2011
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People need to understand how serious the bank runs are in Spain. Zero Hedge reported that the amount of money withdrawn from the banks in Spain to date is nearly half of their GDP. The US money supply is 10 trillion and the GDP is nearly 15 trillion, If 4 trillion dollars left America, we would go into an immediate collapse probably worse than 1929-39. You need money to conduct business. I recently wrote about two IMF economists who admitted that most of our problems were created by fractional reserve banking and bank runs would be eliminated if we did away with it.
Spain cannot survive much longer and will not make it until our November elections unless Bernanke creates trillions of dollars and dumps them on Spain, France, Italy, Greece, Portugal, Ireland, Belgium and points east.
Your job is to figure out how to survive the next year.
Update On Silver, China And Surviving The Sudden End Of The American Government | Video Rebel's Blog
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