The Fed Destruction & A Cascading Panic Among Investors

Thursday, May 23, 2013
By Paul Martin

KingWorldNews.com
May 23, 2013

On the heels of continued propaganda from the Fed today, 40-year veteran, Robert Fitzwilson, wrote the most extraordinary piece for King World News. Fitzwilson, who is founder of The Portola Group, discusses the tragedy of what is unfolding and how key markets are responding such as gold and silver to the ongoing drama.

Below is Fitzwilson’s exclusive piece for KWN:

Fitzwilson: “Whether intended to be so or not, today was the equivalent of the stress tests that the Federal Reserve and their counterparts overseas conducted on banking institutions. It was the markets instead which were tested this time.

Early into the trading this morning, Chairman Bernanke suggested that it was too dangerous to tighten monetary policy. His comments caused equities and precious metals to soar and U.S. Treasury interest rates to decline. His words suggested more printing, more asset purchases and continuing inflation of the stock and bond bubbles….

The Rest…HERE

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