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How Funny is the FOMC?

3 pointsby bsouover 9 years ago

1 comment

MCRedover 9 years ago
This may seem trivial, but those changes correspond with real economic changes.... and [LAUGHTER] is proportional to how much damage to the economy the FOMC is doing.<p>We now have a time where &quot;gold&quot; (paper gold) trades on commodity markets for a significant percentage discount of real gold (exceeding the wholesale-to-retail markup) because the FOMC uses shorting paper gold to make the dollar appear stronger... along with many other interventions.<p>These are the people who manipulate the market to make things look better &quot;create stability&quot;, which only delays the reconciliation and increases the damage when it all comes out in a &quot;black swan&quot; event. Like 2008, which I knew would happen in 2001, though of course not which year, but which the establishment would have you believe was unpredictable. (look on Mises.org articles form 2001-2008 and you can see constant pointing out that it would happen.)