Bernanke and the Federal Reserve 12.12.2012

ben_bernanke_federal_reserve_12_12_2012

From Goldcore:

On Dec 12, 2012 the Federal Reserve took the bold, some would say reckless step, of linking its monetary policy to unemployment, creating concerns that the U.S. dollar will be debased even more in the coming months.

The US Federal Reserve will keep interest rates at close to zero until unemployment falls below 6.5%. This is a historic and very radical change to monetary policy. It is the first time a large central bank has ever tied its interest rate policy directly to one facet of the economy – unemployment.

The Fed said that

US Economy, Wealth Building Strategies

HSBC Expects $1,900/Oz Gold By Year-End, Ups 2013 Forecast

HSBC said Wednesday it looks for gold prices to hit $1,900 an ounce by year-end. “The Federal Reserve’s third round of asset purchases via quantitative easing (QE3) and other central banks’ policy easing measures are measurably boosting gold-investment demand,” the bank said in an updated forecast. “For investors who expect QE3 will fail to jump-start…

Gold as an investment, Wealth Building Strategies

24 Facts on Printing Money & The Price of Gold

gold-projections-2012

  1. Worldwide money printing continues unabated
  2. Just In 10 years $120 trillion have been printed making global debt $200 trillion
  3. World GDP has gone from $32 trillion to $70 trillion 2001-2011
  4. Thus $120 trillion debt is required to produce a $38 trillion annual increase in GDP
  5. The marginal return on printed money is negative in real terms
  6. Thus the world is living on an illusion of paper that people believe is money
  7. This illusionary paper wealth will implode in the next few years
  8. The initial trigger will be the collapse of the world’s reserve currency – the US dollar
Best way to invest in gold, US Economy, Wealth Building Strategies

President Obama Says Path to Recovery Isn’t ‘Quick or Easy’

Sept. 7 (Bloomberg) — President Barack Obama formally accepts his party’s nomination for a second term and speaks about the 2012 presidential election, his administration’s policies and Republican presidential candidate Mitt Romney. He addressed the Democratic National Convention last night in Charlotte, North Carolina. (Source: Bloomberg)

Recently the International Monetary Fund declared the dollar should

US Economy, Wealth Building Strategies

Are You Living in Fear of the Fiscal Cliff? (VIDEO)

fiscal cliff

Economists and investors have warned of an impending U.S. financial crisis at the end of this year, but others think the fears are dangerously misguided.

The fiscal cliff, slowing U.S. growth, the U.S. election, Europe and even the weather are keeping small business owners up at night. But which of these factors is having the biggest impact on their business varies. Last week, Federal Reserve Chairman Ben Bernanke sounded another warning to Congress about the so-called “fiscal cliff”— a series of tax hikes and spending cuts set to kick in Jan. 1, as part of a deal struck last summer to raise the federal debt ceiling.

If Congress fails to take action before the end of this year, economists and analysts widely think the U.S. economy could

US Economy, Wealth Building Strategies

Facebook IPO Fiasco Rolls over Small Investors: The 3 Problems





Facebook IPO Fiasco: It’s Not the CFO’s Fault

The Daily Ticker’s Aaron Task and Henry Blodget discuss the controversy surrounding Facebook’s IPO

After Facebook’s initial public offering last Friday the finger pointing has been rampid with a disproportionate level of attention focused on the social media giant’s Chief Financial Officer David Ebersman. The CFO was responsible for the decision to

US Economy, Wealth Building Strategies

Robert Widemer: Aftershock Survival Summit Video (REVIEW)


Aftershock Review

The Aftershock Survival Summit Video is a is a must-see, lightly-sprinkled sensational video which features a signature “financial broadcast” newsman and language designed to conjure fear in the hearts of Americans. Aftershock’s ultimate goal is to educate the public on “how-to” profit in the next global financial meltdown. It is a flurry of economic predictions by one of the economists who predicted the 2008

US Economy, Wealth Building Strategies