Economic Scene - If the Fed Missed That Bubble, How Will It See a New One? - NYTimes.com Interesting article here. If there is was thing that is consistent about both state and federal governments is that they consistently screw things up or miss warning signs. Where to start here really, 9/11, Katrina, housing bubble, Christmas bombing attempt, etc. And yet some still want to give the government more power and control from health care to the economy. When are Americans going to say enough is enough?
And then what? Removing all remaining banking and lending regulations...uhmm that did not work out all that well the first time did it?
The current regulations and heat from the administration and fed to lend money is what caused the problems. Adding more of that isn't going to do anything better. They need to remove the regulations and stop the fed from setting artificially low interest rates.
Gold is reacting to FIAT currency around the world. Which is in the dirt. Which is also un-constitutional.
I probably should have prefaced with "I really don't know and am not adequately qualified to speak on this matter" but I've been around long enough that I just assume you guys already know that.
