Secret Citibank Memo

Discussion in 'Economy' started by eots, Nov 30, 2008.

  1. eots
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    eots no fly list

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    Mike Adams
    Natural News
    November 29, 2008

    An internal memo from a top Citibank analyst reveals what the banks really think about the global financial situation, and the outlook is grim.

    "The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed through into an inflation shock," wrote Tom Fitzpatrick, Citibank’s chief technical strategist.


    Alex Jones' Infowars: There's a war on for your mind!
     
  2. editec
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    editec Mr. Forgot-it-All

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    I think they're right.

    I don't know about the world economy, but I expect that the USA is bound for some serious inflation.

    First of all because all these cheap imports are going to get might expensive if the dollar's values drop relative to other currencies, and secondly because if we don't inflate the amount of money in circulation and get that money into the hands of the American middle class, there won't BE an American economy soon.

    Wages HAVE to go up, folks.

    If they don't America is going down.
     
  3. Chris
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    Chris Gold Member

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    We are going to be fine.

    Soon the adults will be back in charge.
     
  4. eots
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    and they are who ?
     
    Last edited: Nov 30, 2008
  5. eots
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    ??????????????...really could you elaborate
     
  6. jillian
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    jillian Princess Supporting Member

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    There's also nothing "secret" about what Fitzpatrick said... this is why infowars has zero credibility.... telling people who want to see boogymen in every corner that there's all kinds of secret stuff going on around them....

    when really, Fitpatrick was very clear in his comments, which were very publicly written about...

    Gold Investments Market Update - Citigroup Says Gold Above $2000/oz Next Year as World Unravels

    mostly, Fitzpatrick has no more clue about this than anyone else in his area, and some will be more, some less, optimistic...
     
  7. eots
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    infowars did not title the article natural news did...and the memo was not written for the public so its fair enough ..and the reason the controlled media lacks credibility is because they turn a blind eye to the fact there is secret stuff going on all around them
     
  8. Paulie
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    Paulie Platinum Member

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    So you advocate inflation, and then say wages have to go up or we're done.

    Prices would rise, thereby negating much or all of the wage increases.
     
  9. editec
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    editec Mr. Forgot-it-All

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    Advocate inflation?

    You really have reading comprhension problem, Paul.

    If I say it's going to rain, you read into it that I advocate that it should rain.

    this is about the third time you've read something I said about some situation or the other, and read into it that since I noted it, I must be FOR it.

    Seriously read my post more thoroughly and stop imagining that I'm saying something I celarly have NOT siad, okay?

    thanks
     
  10. Paulie
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    Paulie Platinum Member

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    You're a looney toon sometimes, Ed.

    You even bolded the part about getting it to the middle class.

    How does one not construe this as advocating inflation? You're talking about it as if it is necessary to the future of the economy.
     

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