that today's action is actually an admission by Bernanke that the economy still sucks big time after all the check kiting they've done heretofore. The remedy has to be more check kiting... it's all that they can do.
So the FED kicked the can down the road and SLW went up over 2 1/2 bucks...Whats going to happen when the FED finally gets around to actually tapering if ever ? SLW going to get creamed good along with the stockmarket ? Somethings gonna have to give before long. Think the answer that I can invision is a balanced budget amendment along with reniging on the debt which would only happen after financial armageddon. IMO Buy physical PMs..
Dalerobin666, the Fed CANNOT taper, because if it did the whole system would collapse. That is why PM are going to explode.
I have a question for you: why does the chairman of the Federal Reseve have to be "not Christian", from the list: Summers, Yellen, Kohn. Last time I checked the Christian population in the US is about 90%.
Exactly, the media will keep the propaganda pumping in hopes of supporting the dollar to avoid a complete collapse, but at the end of the day they know they can never stop the fiat game. The only ending is financial collapse.
“…The remedy has to be more check kiting... it's all that they can do.”
It’s more like it’s the only weapon in their arsenal to support the criminal fiat monetary system they’ve created. At some point the people need to rise up and beat them with sticks. There is, of course, a well known, but rarely repeated, story of One that did exactly that.