Friday, December 5, 2014

Worried About Gold / Silver Price Action - Just Read This

The Fed is in a debt trap.  It can't reduce interest rates any lower due to the zero-bound.  And it can't raise rates because of the mountain of debt, causing the servicing of that debt to be insurmountable.

So it must continue down the path of creating more debt in a futile attempt to solve the debt problem.  They're merely kicking the Ponzi can down the road--until the next elected officials can no longer do it, and the bond market vigilantes push back with higher yields.

Any 2nd grader can see how unsustainable this path is.  It never ends well.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/12/5_Worried_About_Gold___Silver_Price_Action_-_Just_Read_This.html

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