GGN- Secret Summit of Top Bankers in Australia

[riteshkhurana]

I do agree with you bro. It is not a recovery, it's just an artificially created growth. In the U.S. from 2001 to 2007, the gdp went up by $4.2 trillion, but the debt went up by $ 21.3 trillion.

Chinese economy is also gonna blow up. Their loan growth in 2009 and 2010 has been very strong as compared to their gdp growth. In 2009, the loan growth was 22% - 25% and the gdp grew up by only 9% - 10%.

[agfigueroaa]

In reality, I do not think that they have all their money in hard assets, because they are utilising it for keeping the system afloat. More precisely, to supress the price of gold.

[ddarko2012]

It's my understanding that they're using our debt, to pump into the markets, along with manipulating interest rates among other things to keep the system afloat, they're buying time, before the derivitives/fiat/fake money market gets out of control. I was referring to the individuls from the central/private banks and how they personally are most likely invested in hard assets and not the paper market that they use to rig economies and scam us with.

[agfigueroaa]

yes, it is true. But, they need to keep low the price of gold, so the scum can work.

Otherwise, the price of godl would be.... $3,000 dollars.

[TABOOVSKNOWLEDGE]

Of course they aren't interested in in there oun monopaly money.

Hard assets is where it allways been.