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01-15-2008, 06:53 PM #1
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Please, Ben, No More Money
Please, Ben, No More Money
David Frazier
Tuesday, Jan. 15, 2008
Fed Chairman Ben Bernanke goosed up the market late last week by suggesting a big cut was in the works.
Not directly, of course. He can't just say what he means. But the hint was enough to push the market up 100 points or so.
"We stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks," he said.
Then, the bottom fell out – again. The next day the market plummeted to fresh lows.
Unfortunately, the Fed is now very likely to significantly increase its purchases of Treasury securities, which would increase the monetary base. Wall Street has been begging for action that would lower short-term interest rates.
Well, here's what I have to say about that:
Go ahead, push the Fed to increase the monetary base, because one outcome is certain if the Fed follows the desperate advice of Wall Street's self-interested "experts."
What will happen next is, the exchange value of the U.S. dollar will fall and inflationary pressures will skyrocket. Gold prices, already breaking records, will continue to surge.
But, I really don't care what the Fed does and neither should you, if you have subscribed to our new investment service — The ETF Strategist.
Why you ask? Because I've already identified several exchange-traded funds (ETFs) that I'm confident will generate handsome investment returns whether the Fed decides to significantly increase the monetary base or to maintain the money supply near its current level.
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01-15-2008, 06:56 PM #2
Maybe they want us to crash. That way they could tell the illegals and there wonderful Mexico that the well just dried up.
<div>''Life's tough......it's even tougher if you're stupid.''
-- John Wayne</div>
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01-15-2008, 07:16 PM #3
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Well, too bad not more Americans than there are, aren't educated into the real "Conspiracy Theory" of King Bushit II and his neo-conservative think tank members, and members of the "Skull & Bones" secret organization mainly made up of the "Elite Royalists" and Bankers that only want to CRUSH this country again just like they did in 1929 !
But, myself from the days of 1775, and all the other members that signed the Constitution warned US about having a "National Bank." [Federal Reserve or Central Bank or what ever you want to call the thieves]
What did anyone think would happen when Congress was lobbied by the Federal Reserve in 1934 to pass into law the "STEALING OF OUR GOLD" and the removal of our Gold Standards from our currency and monetary system ? Doesn't anyone think it's kind of ODD, that no one can actually SAVE any money anymore, that you have to live on your CREDIT and tomorrows pay check ?
Ever since 1934, this country has only printed "COUNTERFIT MONEY." But damn sure have prosecuted anyone else that printed it. Oh I forgot... Don't Steal... The Government hates competition...
Maybe now would be a good time to do an AUDIT of Ft. Knox, Denver & San Fransisco. Anyone seen our Gold lately ?
To A Better Day America !
Your Loyal Son & Servant ~
___________________________________
Give Me Liberty, or Give Me Death !!!
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01-15-2008, 07:16 PM #4
Paige....no they want us to "Crash" so they can institute the "North Amerian Union" this will enable them to urge and convince the peoople that we need a new currency to stabilize our country.
When people are desperate they are more likely to accept without opposition! I believe the downfall of America has been planned for years!
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01-15-2008, 07:19 PM #5
patrickhenryjr Said
"Maybe now would be a good time to do an AUDIT of Ft. Knox, Denver & San Fransisco. Anyone seen our Gold lately ?
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01-15-2008, 07:24 PM #6
True True! blkkat99
As Bush travels the middle east in search for oil.<div>''Life's tough......it's even tougher if you're stupid.''
-- John Wayne</div>
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01-15-2008, 09:04 PM #7
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I mean, how can you defend a track record like this?
"We have decided man doesn't need a backbone any more; to have one is old-fashioned. Someday we're going to slip it back on." - William Faulkner
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