The banks are at it again, now we’re seeing the 97 month auto loan, guaranteed that your loan will outlive your auto. The Fed and the government seems to believe that as long as there’s another loan available, then everything will be fine. Lending standards for credit cards, auto loans and mortgages have intentioally been decreased and we’re going to suffer the results. Credit will not increase liquidity. This is leading to repatriation of wealth to dollars, even at the expense of gold and silver.
Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets