I've had a long discussion with a Keynesian about the issue of money lately. He maintained that the 2% annual inflation goal of the FED (and many other central banks) would ensure "price stability". I told him that he doesn't understand simple math and that 2% annual inflation annihilated the...
http://www.bloomberg.com/news/2012-09-03/fed-moves-toward-open-ended-bond-purchases-to-satisfy-bernanke.html
Fed Moves Toward Open-Ended Bond Purchases to Satisfy Bernanke
Federal Reserve Chairman Ben S. Bernanke says the U.S. economy is “far from satisfactory.” His colleagues are moving to...
More: http://traderdannorcini.blogspot.com/2012/01/long-term-view-of-goldsilver-ratio.html
Trader Dan posits that the GSR will fall as inflation expectations grow. Essentially, (explicit) QE3 = silver rocket fuel.
Combined with Sprott's buying spree, we may indeed see a replay of early 2011.
http://gata.org/node/10899
I know I'm seeing the world with gold and silver colored glasses, but seems to me there is a "more solid" vehicle for preserving and protecting wealth in these circumstances.
:gold: :silver:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/1/19_Jim_Sinclair_-_There_Will_Be_a_Run_on_Gold_Stored_in_the_US.html
If the Germans repatriate their gold, things could get very interesting.
More (including chart): http://www.zerohedge.com/news/record-consecutive-treasury-dump-feds-custody-account
Raise the debt ceiling! OK, now what? Who's buying? :paperbag:
From Reuters' online blog..
So the ECB is actually doing a round about QE by providing unlimited 3 year loans to banks-. Then those banks can use that money to buy sovereign debt.
Most of John Williams' good work is hidden behind his pay wall (for subscribers). This is a good interview showing his thoughts on the future:
More: http://www.theaureport.com/pub/na/11790
http://maxkeiser.com/2011/11/01/maxs-handy-trading-guide-for-timing-central-bank-interventions-jpm-vs-slv/
It would be interesting to see some data on this.
More: http://www.reuters.com/article/2011/10/22/us-japan-economy-azumi-idUSTRE79L07L20111022
All central banks have a vested interest in keeping forex rates range bound. They are all going to continue playing the money printing game as volatility increases with extreme global sovereign debt...
Emphasis and markup are my own:
http://www.moneynews.com/Headline/Hatzius-Fed-recession-QE3/2011/10/17/id/414679
Sure it has Mr. Goldman Sachs. The question is... for whom?