As predicted…..as expected stocks CRASH and gold begins a bold move upward.

Barry Grey in WSWS article The Wall Street Crisis And The Failure Of American Capitalism relates that “The sudden demise of Lehman Brothers and Merrill Lynch has removed a huge amount of liquidity from the economy, as paper values built up over decades of speculation come crashing down. This is capital that is needed to finance business operations, and its elimination will inevitably depress economic activity, fueling unemployment and recession, further undermining home prices and consumer spending, and further weakening the balance sheets of already financially shaken banks”.