Confessions of a Quantitative Easer, China Becomes World's Top Gold Buyer, Gold Understands Yellen, Confidential 1974 Memo, Massive Wealth Destruction Is Imminent

Published by Goldbroker ™ | Nov 15, 2013 | Press Review

Andrew Huszar: Quantitative Easing is the Greatest Backdoor Wall Street Bailout of All Time
Published Nov 15, 2013 on Goldbroker

I can only say: I'm sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed's first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.

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Confidential 1974 Memo: The International Monetary System, Reserve Currency Status, SDRs, and Gold
Published Nov 14, 2013 on Goldbroker

This confidential 1974 memo to Paul Volcker is a continuation of the US thinking on the issue of the SDR, the fate of paper currencies, and the preservation of US control over reserve currency status.

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The Next Wave Of Massive Wealth Destruction Is Imminent
Published Nov 8, 2013 on Kingworldnews

On the heels of a smash in the gold and silver markets, Egon von Greyerz, who correctly predicted that the Fed would not taper warned King World News that that the next wave of massive wealth destruction is now imminent.

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Yellen may not understand gold, but gold understands Yellen
Published Nov 14, 2013 on Mining

The gold price built on overnight gains on Thursday trading up more than $25 to a day high of $1,293.80 an ounce, as traders digest a second day of Fed nominee chairperson Janet Yellen's confirmation hearings in Washington.

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Janet Yellen Confirmation Hearing (Q&A Part 1)
Published Nov 14, 2013 on Bloomberg

Janet Yellen, nominated to be the next chairman of the Federal Reserve, testifies about Fed policy, the U.S. economy and financial regulation at her confirmation hearing before the Senate Banking Committee in Washington. Yellen, the Fed's vice chairman, said she is committed to promoting a strong economic recovery.

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The Fed's 100-Year War Against Gold (And Economic Common Sense)
Published Nov 14, 2013 on Zerohedge

On December 23, 2013, the U.S. Federal Reserve (the Fed) will celebrate its 100th birthday, so we thought it was time to take a look at the Fed's real accomplishment, and the practices and policies it has employed during this time to rob the public of its wealth.

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China becomes world's top gold consumer
Published Nov 15, 2013 on Cnn

China has raced past India to become the world's top gold consumer. Gold prices may have bottomed out earlier this year, but the precious metal hasn't lost its luster among Chinese consumers.

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China could match U.S. gold reserves inside 10 years - or earlier
Published Nov 13, 2013 on Mineweb

More analysis suggesting that China is building its gold reserves and at the current rate of growth could match the U.S. gold reserve position in ten years, but is this the whole story?

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Asian Central Banker’s Shocking Confession About The West
Published Nov 14, 2013 on Kingworldnews

With global markets on the move, King World News spoke to the man who has been focused on uncovering sensitive government and market information for over 15 years. Chris Powell covered everything from off the record conversations with Asian central bankers, where they made stunning comments, to market manipulation, and what is really taking place behind the scenes in the war in the gold market.

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Why Gold Is The Best Money Of Them All, And Nothing Comes Close
Published Nov 12, 2013 on Forbes

If you ask anyone, “what is money?” they can point to a dollar bill, but not define money itself. It’s become so complicated that economists debate what to include in the measure of the money supply. Most don’t believe that gold is money. Nevertheless, gold still behaves as money even though governments have banished it from the monetary system.

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Bitcoins : Another Symptom of Loss of Faith in Fiat Money
Published Nov 14, 2013 on Goldbroker

Bitcoins : it's new, it's in, so to speak, and we keep hearing a lot about this virtual money that was created in 2009 and that is breaking record after record. What should we think about it?

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Goldbroker ™  Editing Team


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