| GigoloMason |
07-03-2006 06:22 PM |
Quote:
Originally Posted by SexualRB
The Fed people are not inflation busters. The Fed creates inflation along w/government. Inflation is the creation of more money...the effect is rising prices. The government and the Fed have altered the CPI so many times to deceive the public. Not to mention the Fed doing away with reporting M3 (the money supply gauge) as its getting ready to skyrocket. Not to mention the tens of trillions of unfunded liabilities. We can only pay for them by printing the money.
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Wow have you even remotely followed the track record of the last 5 appointees? Talking about 'the fed's' track record is a pretty dim way to look at it as there was just a majority shift in philosophy with the appointment of Bernake. Yes he is a classical theory inflation buster. No contrary to your marginal understanding this does not mean he seeks to eliminate inflation, what it does mean is that he will raise reserve rates and interest rates to combate hyperinflation significantly more agressivly than his predecesor. Inflation is a good thing, out of control inflation is not.
Nice to know you've even looked into the recent hikes in gold prices respective to demand issues rather then simply as a currency hedge. Oh wait. That aside there are much safer\more lucrative ways to hedge the dollar, than the commodity markets for your average investor.
Either way, nice to know you chose to read 1-2 overviews written by others and regurgitate them rather than actually taking the time to understand a complex economic system and form your own opinion. :helpme |
