Bernanke and Exploding Gold Prices
I have always believed the Federal Reserve and it’s Chairman had other objectives when taking office than simply “stabilizing the business cycle” or “fighting inflation”. As in all Orwellian dramas, the stated objective is usually the polar opposite of it’s nomenclature. This Federal Reserve with it’s current Chairman, Ben Bernanke, is no exception.
Currency manipulation and by proxy then, gold price manipulation are right up Bernanke’s alley. As we all know the price of gold and the strength of the…
Bernanke and Exploding Gold Prices
Tagged with: Ben Bernanke • Federal Reserve • Gold Prices • inflation • money supply
Filed under: Gold Prices
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It’s pretty hard to look at the amount of money being spent by the government and not think that inflation is going to happen which should drive gold up. But if you and Conrad are right then a devaluation would be a spectacular event.
Hal,
Devalution in the short run is to be expected as well as a decline in commodity prices.
After all it was a decline in commodity prices that lead into the Great Depression…but then once the weight of the crisis was upon us…those items with inherent value skyrocket.
It is happening again…
Thanks for the reply, Rob. Yeah. It sure is looking like a redo of the Great Depression. But I can’t help but imagine that it’s going to be much worse globally then it was in the 1930′s.
Scary stuff.