Wednesday, May 13, 2009

13 May 9 Trillions of FED offbalance sheet items unaccounted for

http://www.youtube.com/watch?v=PXlxBeAvsB8&eurl=http%3A%2F%2Fwww%2Emikevadon%2Eblogspot%2Ecom%2F&feature=player_embedded

If FED is willing to spend 9 Trillion. Bernanke might as well have written down every housing mortgage by 9 Trillion, then the whole crisis would have solved. what a waste of Tax Payer Monies.

Think in 2010, we would see indictment of the key people in this crisis.

Today SPX touch 888.06 low. (888 is Jesus in Greeek coding). Believe this would eb the low for today, and the battle for Angel and Demons premiering on 13 May (Europe). If 888 is broken, then the devil is banished back to hell, below 666.

If 888 held, then a retest of 930 is possible.

So far as of lunch time, 888 is holding well. hovering around 891.

OPEC released report that members actually increased output, instead of cutting. Perhaps 60 dollar oil is the cap for now. So far Euro managed only 1.3720.
Gold touched 930.

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