Going by the indexes it's looking more like $0.54T over the past two weeks, but a $T is still close enough and bad enough. That's according to the market price of publically listed corporations, and while this line of thinking makes sense it also means that the 10% drop in the price of gold over the past year means that 18,000 tonnes of gold were destroyed. Some people would disagree.
the FED is... ...keeping the "house of cards" standing and in business.
If that's true then let's decide what we want and what we don't want. One thing we don't want is the Fed knocking everything down. We can blame the Fed for there being a house of cards in the first place but I'd prefer to blame the 51% of American voters that messed everything up.
Frankly, I honestly don't think American wealth creation is a house of cards in the first place. Americans are strong, powerful, and smart and historically, those who underestimated American power ended up losing big time.
Pretty simple: Whatever the Government CONTROLS, and the SIZE to which it GROWS, is coming out of the TAX PAYER’S pocket.