Posted on 04/17/2011 5:38:28 PM PDT by blam
****It is then, when the monetary authorities wet their pants in the face of a new deflationary panic, . *****
Nope: It is then that “The Exempt Ones”:
1. Move on all retirements (”National Affordable Retirement Relief Act”)...
2. Combined with accelerated massive Vampire-Care fee/tax schemes.
Is it too late to buy silver? Its at $43+/oz. now.
I don't know.
I have a friend who is still buying. He started at around $8.50 and has bought it all the way up. He calls it averaging.
The average of the silver he has bought is well below $43.00.
Forget about making $ on silver. Think of it as preserving wealth. And buy physical -- anything that's paper or digital goes poof if anything severe happens. And there's way more paper silver being traded in world markets than physical silver in existence.
And just keep in mind that Bernanke isn’t truly interested in making things better.
He is devaluing and debasing the currency as fast as he can.
It sure seems that way, but the path he is on is pretty forced by the spending policy of the US Congress and President. But, he is Obama's man just the same.
Greenspan is so exasperated that he has come out of retirement and demanded that Taxes are raised which you would think Bernanke would be saying but Bernanke knows this just tanks the economy. If Bernanke came out and said things are so dire that spending has to be cut immediately (the truth) then the markets will panic and the bond holders won't be able to get that last few dollars out that they could have if the day of truth can be delayed. For now, bond holders are getting dollars back which they can use to buy real assets and the US is just printing these and calling it money.
Otherwise known as escape plan for the super wealthy.
This is what Bernanke is doing. But, the inflation spike is coming for QE2 like a freight train and then all bets are off.. 2 months, maybe 3.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.