The Bernanke effect

The Fed now can only “move markets” through announcing yet more totally unprecedented and extravagant money-printing. With the precious metals sector having been in the grip of another bankster-induced “silly season”, I was very unsure about how the market would “react” to the latest shenanigans of B.S. Bernanke. Put another way, I was uncertain as to whether the actual fundamentals would be allowed to assert themselves – even to a small degree. In fact that is precisely what we have seen: a “small” reaction to yet more monetary insanity. As I have written previously, the U.S.'s 0% interest rates are the economic equivalent of hooking someone up to a defibrillator. Shock someone continuously with a defibrillator for 3+ years, and it is safe to say that we will not end up with a “patient in recovery” – but merely with a badly-charred corpse. Thus it is with the U.S. economy. Three-plus years of continuous, maximum stimulus has produced nothing except a steady stream of ever more-absurd statistical lies, attempting to delude the sheep into believing this badly-charred corpse is “recovering”. Are the Wall Street market-pumpers who reside at the Federal Reserve ready to admit defeat? Continue reading this article

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