Is the Fed relevant or do they cause more harm than good? The answer is “yes,” they are relevant, as long as people still think the Fed is relevant. The real question that needs to be answered however, is how much longer can the Fed keep playing this game and pulling the wool over the People’s eyes? The Fed uses …
Read More0Sep
18
2008
Did you hear the other government rumor about gold?
By: Doug Eberhardt
Category: Gold
Tags: Bernanke, Dollar, Economy, Federal Reserve, Gold, Inflation, Money, Stocks
Did you hear the other government rumor? Alchemist finds a way to produce unlimited amounts of new gold at essentially no cost. I’m just waiting for that one…. (Bernanke even made reference to it with a parable in his 2002 speech.) Here’s what he also said in that 2002 speech; “Like gold, U.S. dollars have value only to the extent …
Read More0May
7
2008
If It Smells Like A Recession…
By: Doug Eberhardt
Category: Gold
Tags: Dollar, Economics, Economy, Federal Reserve, GDP, Interest rates, Investing, Money, Recession, Stocks
The “only” thing that has kept this economy going is the housing run-up caused by the Fed’s manipulation of interest rates lower causing consumers to find new money via equity from their homes and now the only thing keeping it going is massive infusion of the money supply by the Fed which is propping up the stock market…again.
How long can the game continue is the only question….
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