Dear Jim,
This sure sounds like a “trial balloon” for another round of Quantitative Easing.
The gold market will explode if they go for it in my opinion.
David D
Fed’s Yellen: QE3 May Be Warranted
By Scott Lanman and Jennifer Oldham – Oct 21, 2011 11:57 AM PT
Federal Reserve Vice Chairman Janet Yellen said a third round of large-scale securities purchases might become warranted if necessary to boost a U.S. economy challenged by unemployment and financial turmoil.
The central bank should also give “careful consideration” to Chicago Fed President Charles Evans’s proposal to tie the near-zero interest-rate pledge to specific levels of unemployment and inflation, Yellen said today in a speech in Denver.
The remarks signal Fed officials may be prepared to delve further into unprecedented monetary territory and take criticism inside and outside the central bank for expanding the balance sheet. Fed policy makers are struggling to lower unemployment that’s been stuck near 9 percent or higher for 30 months without boosting inflation that’s already close to the central bank’s long-run goal.
More…
Ed note... As I have said for 3 years now...The West will print money to Infinity and Beyond...
Got Silver and Gold?
The Only Way to Save the Economy: Break Up the Giant, Insolvent Banks
10/22/2011 - 02:19
Bank of America Lynch[ing this] CountryWide's Equity Is Likely Worthess and It Will Rape FDIC Insured Accounts Going Bust
10/22/2011 - 07:50
Gold and silver rebound/Fed Vice Chairman:QEIII needed/
Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 2 hours ago
Good morning Ladies and Gentlemen:
Before commencing with our commentary, let me introduce to you our latest entrants into the banking morgue:
1.Community Banks of Colorado, Greenwich Village, Co
2.Community Capital Bank, Jonesboro, GA
3.Old Harbour Bank, Clearwater, FL
4.Decatur First Bank, Decatur GA.
May they rest in peace.
The price of gold rose by $24.20 to $1636 with silver tagging
Global Liquidity Is Tightening: Bullish For US Dollar, Bearish For Risk Assets
Admin at Marc Faber Blog - 3 hours ago
CNBC Video Interview: Global liquidity is tightening
*Marc Faber is an international investor known for his uncanny predictions
of the stock market and futures markets around the world.*
The U.S. Needs To Tighten The Belt, Save More And Work For Lower Salaries
Admin at Marc Faber Blog - 3 hours ago
The U.S. needs a Lee Kwan Yew (Singapore prime-minister) who stands in front
of the U.S. and tells them, ‘Listen you lazy bugger, you need to tighten
your belts, you need to save more, you need to work more for lower
salaries’.
*Marc Faber is an international investor known for his uncanny predictions
of the stock market and futures markets around the world.*
Teach Your Children Mandarin
Admin at Jim Rogers Blog - 3 hours ago
I am preparing my children for the 21st century, the most important gift
that I ca give them, or skill that I can give them is to speak fluent
mandarin.
*Jim Rogers is an author, financial commentator and successful international
investor. He has been frequently featured in Time, The New York Times,
Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and
is a regular guest on Bloomberg and CNBC.*
Video: RBS Conference in Austria
Admin at Jim Rogers Blog - 3 hours ago
Recent RBS Investment Conference in Austria. *Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.*
Regulators Knew of Dexia's Problems But Were Silenced
10/21/2011 - 22:50
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