In 1913, Congress created the Federal Reserve System (Fed) with the dual mandate of maintaining stable prices and moderate long term interest rates. Whenever prospects for future inflation heat up, meaning these two objectives will not be met, speculators flee into gold and the like, and at current prices, holders of precious metals and their sundry derivatives appear to be betting that Fed employees will fail miserably at their job.
The other day, it was reported that one of those employees, the President of the Dallas Fed, a former banker, stockbroker, and hedge fund manager, owns $1 million worth of gold and over $50,000 each in platinum and uranium.
The spectacle of sub-prime mortgage bankers shorting worthless products they were dumping on clients is still fresh in our minds, and here's another financial type taking the counter-party side to the outcome he's supposed to be delivering. Anybody with a long position in any fixed-income security denominated in the U.S. Dollar has a right to know what's going on here.
Yesterday, Fed Charlatan, Ben Bananas, calmly reassured Congress that inflation will be contained over what, we guess, he thinks is the controllable future. If so, then why is His Man in Dallas betting against anyone buying into that?
Betting against America.
Could it be that Ben Bananas and those sovereign goons over in China are controllong that controllable future by rigging the Treasury bond market? As happened for a few years before the Global Financial Apocalypse, is Dallas Man just waiting around for this rigged-pricing scheme to unravel, all that's needed to spark the catastrophic bond market crash that will reward Mister Dallas so inappropriately?
