Fed Gone Wild! « Value of Perfect Information

Fed Gone Wild!

Written by Bill
November 22nd, 2009at 9:20 pm

Some amazing statements by Fed governor Bullard on the wires tonight, saying the Fed may NOT actually end the Quantitative Easing in March 2010 as they had previously promised. What is more amazing is that Bullard is actually considered to be one of the more hawkish members of the FOMC.

http://news.yahoo.com/s/nm/20091123/bs_nm/us_usa_fed_bullard

All I can say is BUY GOLD!!!!… Your paper money is headed for worthlessness as we have out of control spendthrifts and money printers running the Executive Branch, the Congress, and even the Fed. There is no fiscal discipline to be found anywhere in the government. Maybe this will change after the 2010 mid-term elections, but don’t count on it. We just keep taking one step closer and closer to Weimar Germany.

Evidently Gold futures tonight agree! (see chart below)