Fight the Fed by owning gold- MSN Money
These days there is no shortage of chatter about the Federal Reserve's latest round of quantitative easing (aka QE3),
and I detect there is a small, yet growing, level of dissatisfaction
with the Fed's policies. It seems that savers have finally begun to find
their voice -- somewhat in light of the fact that their money is slowly
being stolen by the Fed's money printing.
From the
stock bubble of the late 1990s, to the even bigger and more devastating
housing bubble, to its recent policy of guaranteeing inflation and
offering little reward to savers, the Fed has eviscerated the middle
class and made poor people poorer.
Though it could be
argued that people with wealth have benefited, that is not something
that they necessarily asked for (excluding the Wall Street banksters).
In sum, the Fed is a devastatingly powerful organization, and it is
hellbent on a path of continued destruction.
No comments:
Post a Comment