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Richard's Remarks

 

The big money didn't get to be big money by being stupid. By now the big money knows that the US dollar is looked upon with increasing suspicion by the rest of the world (let's be honest, they don't really want dollars). The Bernanke policy of creating a trillion more dollars each year has virtually guaranteed that the dollar will continue to lose purchasing power. Since Obama took office, the dollar has lost 10% of its purchasing power. Bernanke's term of office ends at the end of this year. Liberal FOMC member, Janet Yellen, is said to be next in line to lead the Fed. Yellen is a firm believer in quantitative easing, so the future of the dollar is almost guarantee to include a further loss of purchasing power. ........................................

 

The big money is well aware of all this. Their reaction -- big money (as it always does) has moved to ... Log in or subscribe to continue reading.


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