With Bernanke gone, the remaining Fed members knowing full well they will be crucified, metaphorically of course (if not literally) when it all inevitably comes crashing down, are finally at liberty with their words... and the truth is bleeding out courtesy of the president of the Dallas Fed, via Bloomberg.
With Bernanke gone, the remaining Fed members knowing full well they will be crucified, metaphorically of course (if not literally) when it all inevitably comes crashing down, are finally at liberty with their words... and the truth is bleeding out courtesy of the president of the Dallas Fed, via Bloomberg.
Which incidentally coincides with Bernanke's heartfelt "admission" that "my natural inclinations, even if it weren’t for the legal mandate, would be to try to help the average person." As long as helped to boost the wealth of the non-average billionaire., all is forgiven. "The result was there are still many people after the crisis who still feel that it was unfair that some companies got helped and small banks and small business and average families didn’t get direct help,” Bernanke said. “It’s a hard PERCEPTION to break." The truth, as again revealed by Fisher, will not help with breaking that PERCEPTION.
Lees verder op zerohedge.comA beginners guide to precious metals, what to buy, and how to protect your investment.
A beginners guide to precious metals, what to buy, and how to protect your investment.
One day in the near future Americans will finally realize that their money is being devalued at a rapid pace. For the time being the price increases are somewhat muted by official announcements of inflation being under control at around 2% and purported economic recovery on the horizon. The Federal Reserve and the US government are doing everything in their power to maintain a PERCEPTION of stability.
But what happens when all the machinations are proven to be fruitless during the next stock market crash and currency crisis?
Lees verder op shtfplan.comI have been in China for the past few months and I have been witnessing the silver and gold demand first hand at ground zero. Let me tell you. At first, I was quite stunned to see the small silver and gold shops that sell everything but the bullion rounds we are used to seeing back in the states like ASEs, Maples, Krugerrands, and even Chinese Pandas (these are only legally sold at the National Chinese Banks like Bank of China, ICBC, etc).
The reason I was stunned is that I did not witness the typical scene described back in Western websites about the massive PM demand in China when I first arrived in October. Of course there is a lot of retail demand in China for silver and gold but the bulk of this retail demand appears to comes around the Chinese new year (which is Feb 9 this year). The typical scene at a silver/gold store did not impress me. This changed very quickly as the Chinese buying habits according to a Western mind (me) are not very predictable and appear to be lemming like or Giffen-good esque. In other words, if they see that something will increase their prestige or esteem and people are catching on, then all of a sudden like a tidal wave, everyone will start buying it, wearing it, or doing whatever “it” is. This is a common trait in South Korea, where 1 product or musician can become very popular out of no where. One has to keep in mind that in general, Asia, which is not based on Judeo-Christian norms, is an area all about PERCEPTION, prestige, and not losing face.
Lees verder op silverdoctors.comBedankt voor je aanmelding.
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