Tim Iacono – Fri 16 May, 2014

Some more comments on the current state of inflation in the US and how it impacts our daily lives as well as gold

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Tim IaconoCory Fleck

Comments:
  1. On May 16, 2014 at 12:02 pm,
    CFS says:

    Off subject:
    A name to remember: (A the person who effectively killed everyone who dies in the next oil/gas by train accident.)

    And a reminder we have a corrupt government for sale to the highest bidder.

    http://www.zerohedge.com/news/2014-05-16/guest-post-meet-man-who-killed-keystone

  2. On May 16, 2014 at 1:09 pm,
    CFS says:

    I guess I don’t understand why anyone takes what Yellen or anyone at the Fed says seriously.
    First to think that inflation is good for the country is moronic…..All it does is allow deficit spending, while providing a hidden tax that hurts every man, women and child in the country.

    Second, the level of government debt is now so high, the Fed cannot allow interest rates to rise much. PERIOD.
    Thus regardless of what Yellen says or does not say; regardless of what the Fed claims to be doing or not doing, we all know the Fed is going to print any money the Government needs, and buy treasuries overtly or covertly to keep interest rates low.

    Not a bad deal for the Fed…..getting paid 6% interest, regardless of what the hoi poloi might pathetically manage to get for their savings.