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Central Missouri | Do as you choose. I have done the same. I feel blessed that I ran into JS years ago. He has steered me correctly. He is a wise old sage. As you say, he may be wrong tomorrow. I don't know. Just know he has been right so far. I don't fully understand the derivative thing but I do know that many large mortgage banks and loan insurers have taken huge hits to their Balance sheets because they are loaded with derivatives that are being written down to zero because that is their value. Soo if there are 500 trillion of these, which there are because JS has published the info, and say just 5% are written to zero that eliminates 25 trillion on liquidity. Think what that will do. | |
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This guy is good and its bad
