Submitted by Bill Holter
When this thing finally blows, Gold and Silver will become more scarce and prices will move in multiples of what we’ve recently seen in the arms market. “Paper” money will come out of the woodwork looking for a place to hide and “real money” will be so far into hiding that you’ll see NONE on the street. Now that’s what “supply and demand” is all about in a real world!
Dallas Fed Governor Richard Fisher spoke a couple of weeks back and said “The Fed has artificially sustained markets“. He spilled more beans yesterday, he said that “fundamentals don’t support stock prices“. Is he crazy? Who let this guy out of the box? Doesn’t The Fed have rules and protocol regarding making public statements? He says this a day after Bernanke testified in opposite fashion? Don’t get me wrong, Fisher is correct and a “quiet voice of reason” but isn’t it their job to lie? I forget which Governor it was back about 6 or 7 years who said something like “the truth is the last order of business for a Fed Governor” or something to that effect.