petersl

No Silver Lining for Precious Metal Bugs

The rant of a "dollar bug." Richard Russell has coined this new phrase as a counter to the derogatory term, "gold bug," employed by those who want the illusion of a strong dollar to serve as an opiate to what they consider to be the rubes of this world. The label "dollar bug" fits Mr. Dividend to a "T." Which by the way, is the metric (read trillions of dollars) by which the U.S. Treasury, the Fed and the FDIC are employing to "defend" the U.S. economy from a major recession. These governmental entities are currently involved in the fire hose spraying of taxpayer dollars and credits lavished on such great investments as AIG, Fanny Mae, Freddy Mac, Citi, and others. Mr. Dividend enjoy the fool's paradise that you have so inartfully described.