In response to:

Don't Count Out the Act of God

ppalms Wrote: Nov 01, 2012 7:26 PM
The Fed is not raising markets. The market is reflecting the decreasing real value of the Federal Reserve Notes, The Fed is not Federal and has no reserves. Remember in the 1930 Germany printed a lot of money like the Fed and a loaf od bread rose in price to one million marks. Pretty soon the stock markets will quote in ounces of gold instead of FRNs

Quite often, I’m asked that if the world is “going to hell in a hand basket” why do the U.S. financial markets continue to go higher? 

I respond by saying that most other central banks of the world demonstrate their dedication by trying to maintain stability and preserve some level of normality in their country or union. 

Their main focus, unlike the Federal Reserve here in the U.S., is not to artificially elevate the stock markets.  

Ben Bernanke, on the other hand, has operated under the misguided belief that the...

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