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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (86509)1/28/2012 12:57:25 AM
From: Maurice Winn1 Recommendation  Read Replies (2) | Respond to of 219787
 
C2, those comments by Green$pan KBE are completely consistent with all that he has said and done before. He did not invent the fiat US$ detached from gold and at the whims of politicians and electorates. He was simply given the job of managing it which was a reasonable job for him to accept. He did reasonably well though I did think he left interest rates to enhance the political prospects of his favoured politicians and even if that wasn't what he did, he misjudged the lowering in Y2K and misjudged the increase in the era of Mindless Zombies going berserk on houses, the price of which always goes up, just like gold.

It is trite to say that people are buying gold because they distrust fiat money run by governments. Him saying that is hardly untoward and not at all out of character.

Mqurice



To: carranza2 who wrote (86509)1/28/2012 4:32:07 AM
From: TobagoJack  Read Replies (1) | Respond to of 219787
 
Re gold is a currency n Greenspan ...
thenewamerican.com

In the mean time, bernanke called gold a tradition youtube.com

Even as he believes ...
On 28 Jan, 2012, at 4:21 PM, H wrote:

Bernanke, the gold bugs' best friend - it's all in the speech linked below, and he has indeed not deviated from his script so far:
Deflation: Making Sure "It" Doesn't Happen Here

On Sat, Jan 28, 2012 at 6:34 AM, J wrote:

It is rare that we are gifted with a decade-long signal to a bull market wager that is back-stopped by so much officialdom promise that are so money-good.

For all we can say about the bernanke, we must concede that so far he has been a man of his words faithfully kept.

We are blessed. Let us count our blessings today and may we count more tomorrow.

Cheers, j
"Sent via Mobile"