Once again the Fed proves all it can do is keep printing money and buying debt with the best of the loan sharks i.e. central banks.
Bernanke announced today that the Fed would cut its bond purchases by 10 billion leaving 75 billion on the table for the big six banks.
Of course interest rates will remain artificially low until the unemployment rate falls below 6.5 percent. We can debate this statement in the future when it doesn’t happen.
We have been warning investors that the system is breaking under its own weight and Fed actions confirmed this again today.
How we protect our wealth matters.
We are continually asked, “when should I get in and when should I jump out”? Our answer, if we knew that answer we would be the Fed.
Don’t risk more than you are willing to lose and always diversify.
Gold Goliath is not your typical gold dealer.