I have been watching this artificial recovery for nearly three years and for the life of me, I couldn't figure out what piece of trickery the FED was going to engage in next when QE2 ends on Thurs.
I mean if the whole world is bankrupt- just who is going to buy trillions of American debt that has to get refinanced each year? With the FED leaving the debt buffet and solvent countries like China saying screw the U.S., things looked pretty bleak until I read this today. Even the Mainstream Media writes something prescient once in awhile. http://money.cnn.com/2011/06/28/news/economy/federal_reserve_purchases/index.htm
QE3 in any shape means precisely one thing. It's over. The bluff has been called. There is no recovery and the banker class have now exposed their hands. We were just stealing you blind. Proof positive that like Greece, the U.S. has become a kleptocracy. http://www.zerohedge.com/article/guest-post-greece-kleptocracy
See any similarities between Greece and the U.S.? My not so humble opinion on how this unfolds. The banker/government class is now going to prop up the artificial economy at least through the Presidential election using various stealth forms of QE. They will also target alternative forms of investment- any thing other than the stock market- and destroy them. Rather than make gold and silver outright illegal- the government may attempt to tax the sales of precious metals so heavily that they will render them useless as a wealth preservation vehicle. Available investment dollars, will by default, get funneled into the investments that the Any investment in PM's right now must come with that potential caveat. Having said that, if you are going to buy physical gold and silver to preserve your wealth then you had better damn well have a plan to liberate that investment and take it someplace friendly on a relatively short notice. Plan B.
If you think for a minute that we have control of this government and that they will not do these outlandish things...I will simply point to President Obama's handling of crooked bankers and his undeclared war on Libya. The abomination called TSA.
The rules have changed. This ain't your grandparents USA.