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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (108547)	4/13/2018 2:19:14 PM
From: RetiredNow	Read Replies (1) \| Respond to of 116874

Exactly. I've said much the same on other threads. Iceland, which is a socialist country, used capitalism to solve their banking crisis. The US, which is supposedly capitalist, used communism to solve our problems: enriched the cronies and criminal banksters and stuck the bill to the 99% via the Fed and Treasury bailouts of the banksters. I just wish the 99% were educated enough to understand how egregiously there current and future prosperity was stolen from them, even as the politicians sold them the bill of goods that the bailouts (TARP, QE, and ZIRP) were good for main street. Nothing could have been further from the truth. The Fed is an economic Politburo that engages in destructive central economic planning, without regard to market forces. The sooner the Fed is abolished the better. In the mean time, I think the imbalances are getting so large that eventually the wound spring will get sprung. QT or increasing interest rates or a combination of both will break the back of this bull and it won't stop going down until we hit a 40-50% correction at least. I'm thinking it may be more of a long lingering malaise, though...more like 2002-3 vs 2008-9. The reason is that I think the Fed PPT will control the downward pressure through intermittent bouts of QE in between the overall trend of QT. No one in the Fed or Congress has the stomach for the gut wrenching swiftness of capitalism's repricing of markets when the artificial props are gone. So this will be a controlled correction is my best guess.