The FOMC release transcripts of their meetings with a 5 year delay, and the Times reported on a Fed meeting which occurred back in 2006, about a year before the sub-prime mortgage crisis rocked the financial markets. Here is an excerpt from the Times:
“The officials... gave little credence to the possibility that the faltering housing market would weigh on the broader economy.” “We just don’t see troubling signs yet of collateral damage, and we are not expecting much,” said New York Fed chief Tim Geithner, who now afflicts us as Treasury Secretary. “The transcripts of the 2006 meetings, released after a standard five-year delay, clearly show some of the nation’s pre-eminent economic minds did not fully understand the basic mechanics of the economy that they were charged with shepherding. The problem was not a lack of information; it was a lack of comprehension, born in part of their deep confidence in economic forecasting models that turned out to be broken.”
They were obviously ill-informed or ignorant as sub-prime was designated by Allan Greenspan. It was his thematic dissertation at NYU in 1977 but was removed from Bobst library at Greenspan's request in 1987, the year that Ronald Reagan appointed him chairman of the Federal Reserve Board.
http://hefeiexpat.com/forum/spotlight-on-global-aspects/famous-or-infamo...
Late December 2011, the BIS were reported stating this:
The Bank for International Settlements Sunday issued an oblique endorsement of coordinated action by the world's largest central banks to ease funding conditions for banks. "A freezing of interbank markets in major funding currencies, as during the recent crisis, may require the ability to supply official liquidity in major currencies in an elastic manner," the BIS wrote in its regular quarterly report." – MarketWatch
The Daily Bell calls it an endorsement of 'hyperinflation.'
https://www.thedailybell.com/3339/BIS-Calls-for-Hyperinflationary-Depres...
http://hefeiexpat.com/forum/trading/quantitative-easing-reigns/As I have stated, expect equities to be boosted from the FOMC meeting but - 'possibly' just 'maybe' - expect a severe decline in gold. Just watch carefully because something is brewing but I don't know what! I am inclined to lead to the positive that the printing presses will be hitting the straps but never forget gold is the enemy of the oligarchic-state.
Greenspan said,
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
http://hefeiexpat.com/forum/spotlight-on-global-aspects/famous-or-infamo...
http://online.barrons.com/article/SB120917419049046805.html#articleTabs_...
In my searches this morning it is interesting to note that at the end of this current cycle, before the clandestine regulators can impose mass reforms & restrictions on the free-market, there will be an almost vertical spike in gold like there was in the 1970s. Research suggests we are not at the end of this phase yet. Therefore, the anticipated spike may or may not manifest. Sooner or later they will harness gold as a commodity to prevent such a spike but I say they are still too far away from achieving mass regulation and implicit global controls just yet. Therefore 2012 will be the most likely year to see gold reach the heavens.
Daily Bell said it like this, "The market has a quiet fever right now, but before the power elite is through poisoning this business cycle, that fever will have become a raging, out of control sickness. There is no telling how far the price of gold may travel."
AND
"Rather than let the market alone, the elites are apparently readying massive central bank monetary inflation around the world."
AND
"The new world order is to be birthed on the graves of millions, and nothing but hyperinflation (and/or war) will produce the sufficient level of chaos."
Having said that, I also read and totally agree, and I might add have been 'independently stating' that gold will never reach 5,000 and silver will never reach 500. Why Kaibo? Simply because the mass control cycle will be firmly established before it gets there. There are only two absolutes - you live and you die - everything in between is subject.
I also have already stated, but I scare myself that I agree, Europe is too segregated, has too much governance etc., and should be streamlined. Well guess what, the current crisis to debase independence and markets in the EU will do that. The plan is manifesting just as my intuition is leading. You see, I write unfounded bullshit to an expert sometimes, but what I do write is from a gift I had a child - 'inspiration' - pen on paper and ideas flow sometimes. Many times, I just write from intuition then I go searching for material that supports my dogma. I got dragged out of a classroom as a 10-year old by a teacher demanding to know where I copied my ideas from for a creative writing exam. I had to assure her the ideas were independent. Nevertheless, I do make statements that are wrong and unfounded just as we all do.
Am I agreeing to the ultimate dastardly plan? Yes but No! - However, what I state in the current environment is a fact. There are just too many segregated powers in the EU trying to run countries that have no idea what they are doing. I believe controls must be increased.
If the truth be known, UNITY is POWER!
But those who have the most power determine the future ... our future!
We are going to have united governance whether we like it or not - if it was just rule it is the best way. Unfortunately the oligarchy they have designed for us must first implode before it can be institutionalized without resistance. Gold is the enemy of the controlled state.
In his "Great American Depression," free-market economist Murray Rothbard explains the ramifications of hyperinflation as follows: "Hyperinflation, on any count, is far worse than any depression: It destroys the currency — the lifeblood of the economy; it ruins and shatters the middle class and all fixed income groups; it wreaks havoc unbounded. And furthermore it leads finally to unemployment and lower living standards since there is little point in working when earned income depreciates by the hour."
https://www.thedailybell.com/3339/BIS-Calls-for-Hyperinflationary-Depres...
On that note, although gold is acting like a risk asset and paralleling the Dow, which may indicate it is forming a pattern to spike skywards, the chief manipulators have a handle on control mechanisms and stealth deceit to pull the trigger. I think a sign to watch for before gold hikes heavenward is when it comes alongside the dollar and begins to climb with a rising dollar. This could be a signal that mechanisms are losing control, releasing gold, before the ultimate blow comes.
We might consider that the safe haven we now have will give us another chance to consolidate considerable profits before the lock-down occurs. But the same self said 'haven' is dated! That goes for silver as well. Should that stop us? No way! We can still consolidate insurance in bullion and we will and in fact must. Those who don't might find the going tougher than those who have. I have already used loans to individuals as a means to trade/barter for their silver assets. Our silver or gold will still be trade-worthy in some form forever!
On expenditure, it is plain and simple, you can't spend what you don't have! yet they continue to do so. US citizens just credited Christmas to a 2012 account. Holy Toledo - when will they ever learn that Christmas is a pagan celebration to mask truth? The heart of togetherness is just as important as 'saving face' with the big gift! Welcome to the wonder world!
FOMC meet January 24-25
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