U.S. Economy Staring Into The Abyss! Only Gold is Worth Buying

Sunday, May 12, 2013
By Paul Martin

By: Robert M Williams
Market Oracle
May 12, 2013

“Behind every great fortune there is a crime.” – Honore de Balzac (1799-1850)

A number of important figures are now talking about the possibility of increasing the US Federal Reserve’s quantitative easing given the “decline in inflation.” In March we heard comments from Fed Presidents Eric Rosengren and Narayana Kocherlakota calling for QE well into 2014 while Chicago Fed President Richard Evens thought the Fed needed to do more. Then in April the St. Louis Fed President James Bullard came out on a number of occasions saying inflationary pressures may be growing too weakly and if they soften further, the central bank may have to boost its asset buying to bring price pressures back up to more desirable levels. They all share one thing in common, they are worried about a decline in the rate of inflation as seen in this chart:

The Rest…HERE

Leave a Reply