Will the Fed spin words to try to fool the markets into believing something has changed?
*JSMineSet, by Jim Sinclair, June 3, 2008
“All the spin and stabilization cannot prevent the imminent consequences from the bailing out of every bank and financial agency that has issued OTC derivatives.
The consequence is a form of the Weimar experience. The consequence is Gold at $1650. The consequence is a substantially lower dollar.
Spin and stabilization cannot stop the onslaught of these consequences. Bernanke cannot play the Hawk without trashing what is left of the financials.”
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