Sandor

Is the Bernanke Doctrine a Disaster?

Fed tinkering and manipulation of interest rates and the free market (for example - gold naked-short selling at the COMEX through their fronts at J.P Morgan Chase and Goldman Sachs to keep prices artificially low) have compromised this economy...and America. We're in a lot of trouble.

End the Fed now.

A $1Million Wager for Gold Bears

Hundreds of billions for Iraq here. Tens of billions to float our investment banks there. Tens of billions to ease commercial paper transactions. More mortgage defaults on the way. Rising food, fuel and commodity prices. A dollar that went from an average net value of 20% + on the Euro in 2000, to an average net value of -60% today (that's an 80% loss in value if you can't do math)...a shrinking economy full of consumers who are maxed out on their credit cards, mortgages and car payments. And a Fed with little to gain by raising interest rates (thereby stifling whatever life is left in our economy and making our exports more expensive)....You got to wonder where to turn? Our money's no damn good. Gold? Well, it's a finite resource. Only so much of it on the planet. Platinum and silver too. This stuff always had a value since recorded human history. Let the markets and these idiots on Wall St. fumble about until we can get a clear sense of what the future holds. In the meantime, I suggest you putting your money in something real. I think gold is a good bet...she may not gain, but she sure as hell isn't going back to $300 an ounce. I'll dive back into equities and bonds and will hold cash after this schizophrenic market comes down to reality. For that, we need to weed out the weak and the corrupt. That's how we truly strengthen our economy. Sorry, but that's what recessions are for.