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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: koan who wrote (7277)	2/27/2006 11:53:34 PM
From: koan	Read Replies (1) of 78420

#2-this will blow your mind-you tell me, is this possible? Is the Federal Reserve Preparing for Iran? Beware the Ides of March. by Robert McHugh Turnover continues at the top posts of the Federal Reserve, and the inexperience we find leading this institution is alarming at a crucial time when U.S. monetary policy is going where no man has gone before, where the U.S. Dollar's status as the world's currency reserve is about to be whacked. If the Dollar loses such status, it will be nearly impossible to continue the practice of electronically printing unlimited amounts of fresh Dollars without a contemporaneous decline in the Dollar's value, and a resultant unintended decline of our economy. Fed Vice Chairman Roger Ferguson unexpectedly announced Wednesday he was stepping down to pursue "other professional opportunities" (translation: that usually is the terminology given when either the boss or the employee are not happy with each other). Interesting timing, with M-3 about to be hidden, with the Iran oil bourse about to only accept Euros. Recently, Bernanke replaced Greenbackspan as Fed Chairman, which comes on the heels of the resignation of the Philadelphia Fed Regional Bank President Anthony Santomero, which followed resignations of two of the seven Fed Governor spots (which Bush finally filled this week), and six of the twelve Fed Regional Bank President posts over the preceding two years. Hey, Fed Governors and Regional Bank Presidents are treated like gods. They have enormous power, prestige, and presence. Why quit? Why the wholesale resignations? Could it have to do with what's coming down the pike? safehaven.com

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