Tuesday, July 19, 2011

Where the money is being held

This article points out the extent to which corporations are holding onto the cash that governments wanted spent on job creation, mortgage relief, small business loans, etc., etc.


It's amazing that this situation isn't more widely talked about. People don't seem to realize that the cash has been vacuumed out of the economy straight into corporate bank accounts and it is not being spent on things of benefit to the economy which continues to be sucked dry of cash.

On another note, the price of gold reached a new record yesterday of over $1600 per ounce. Maybe people are starting to realize that government money is not as valuable as it once was.

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