Special guest appearance: Joshua II – Credit downgrade panics wall street August 8 2011: DOW drops 600 more points, gold over $1750

Dow crashes more than 600 points today in biggest loss of year and gold is up over $1700 per ounce all stemming from US debt credit rating downgrade.

 

By: Joshua Gamen

 

 

 

Here comes QE3 – Dow Drops 500 points in biggest loss since that week we all remember in 2008

 

By: Joshua Gayman

Dow dropped 500 points yesterday. Gold is soaring and has been as high as $1,680 this week. Unemployment is still terrible, gdp is negative to our debt obligations, foreclosures everywhere. Inflation because we’ve added so much money to the global money system in the past 3 years. And now more of the same thing says the Federal Reserve and Congress!!! Brace yourselves for QE3 (or whatever they decide to call it this time). Either way, there’s more money coming into circulation in a system where the rich get their hands on it first, and the cost of life is going up. TIME TO TAKE BACK OUR CURRENCY FROM THE FEDERAL RESERVE!
Whether it is next week, next month, or next year,QE3 is coming..
From CNN this morning: “Amid the bond buying is speculation that the Federal Reserve, at its policy-making meeting next Tuesday, may initiate a policy of purchasing long-term Treasury securities to inject cash into the financial system and drive long-term interest rates even lower.”

US Debt downgraded from Stable to Negative

Joshua Gamen talks about Standard & Poor’s (S&P’s) downgrade of US Debt from stable to negative, and discusses how this will next lead to a downgrade from a AAA credit rating. This is due to the budget deficit and debt ceiling, looming government shutdown, and showdown in Washington between the Republicans and Democrats. These events are surging the prices of gold and silver and that will continue to happen.