Cash down the drain
By The Mogambo Guru
If you want to know what kind of monetary morons we have in charge of the Federal Reserve, then you have come to the right place, because a record of sorts was set last week, in that the loathsome, disastrous Federal Reserve bought up - in the last 12 short months - US$1.011 trillion in US government securities! Yikes!
And remember ... this is the Federal Reserve! This is a lousy private bank operating irresponsibly, at the behest of Congress, and whose shadowy owners include, to one degree or another, foreigners and foreign central banks that are operating by the grace of their own governments, which are just as corrupt and desperate as our own, but it was the Fed that created enough money to buy a trillion dollar's worth of US government bonds for itself! A trillion!
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But this time, instead of over-reacting, I sigh in relief - aaaaaahhhhhh! - as I remember the last 4,500 years of history when governments acted monetarily and fiscally irresponsible, and how owners of gold, silver and energy did very, very well, which is the whole point of this investing stuff!
And the fact that it is so easy makes you say, "Whee!"
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