Sunday, August 12, 2007

Dr. Marc faber's Analysis - Yes, He's Smarter Than Both Of Us Combined.

As most of you know by now, the Fed came in and bought some almost worthless paper from some of the brokerage houses and others in dire need .This is simply a verification of what I have written about many times and that is "The Monetary Control Act" of 1980. This allows the Federal Reserve System to buy at Face Value any asset from any country at any time, thus adding to the inflationary problem. Here is the video:

http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vINDOL2pjWeI.asf


Gold and Silver could do anything short term, but longer term they will befar higher.

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