October 13, 2010
- A d v e r t i s e m e n t
Exactly one month ago today, I wrote that Fed Chief Ben Bernanke would soon “pull out nuclear-sized bombs to try and destroy the debt crisis that is affecting the world.”
And for a long time, I’ve been warning that he would:
• Print money, virtually nonstop.
• Do everything in his power to keep interest rates near zero “for as far as the eye can see.”
• Worst of all, literally CREATE inflation, even if it meant going into the open markets to buy up all kinds of assets.
Now, this is precisely what the Fed says it wants to do!
In yesterday’s release of its September Federal Open Market Committee minutes, the Fed officially announced that …
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