The Fed's Misunderstood Admission
(From the first regular May, 2013 Issue)
Just how far gone -- and unable to even tread water on its own, without massive "stimulus" --
is the American economy? The Fed told us last week; but nobody was listening.
"The Ongoing War Between Inflation and Deflation: A New
Battle Starts to Unfold"
(Posted Friday, April 12, 2013 -- READ THE GRUESOME DETAILS)
You'll especially want to read Chris' latest Special Report: "How to Navigate the New Stagflation" - just ask!
(And coming soon: "Building an Economic Life Boat")
(Or: How I Learned to Stop Worrying and
Love the Bull Market.)
In this excerpt from the January, 2013 issue,
Chris discusses why bulls and even now some
skeptics have jumped into stocks.
Channeling Arthur Burns (from the September, 2012 Issue No. 2)
Fed Chairman "Helicopter Ben" Bernanke is a self-proclaimed
expert on the causes of the Great Depression of the 1930's, and what
the central bank should have done then.
He would have done better to go back a lot less in time if he
needed lessons of what to do, and not do. Indeed, he only needed to
go back in time one generation: to the ruinous tenure of then-Federal
Reserve Chairman Arthur Burns.
Bernanke is repeating - STEP BY STEP - the same mistakes
Burns made that led to the stagflation of the 1970's. Are YOU ready for
THE GREAT GOLD CAPER OF 1999
It is fashionable in some circles -- and a pastime for many gold bugs -- to cry "conspiracy!" on any day when their favorite metal does not rise in value (we'll forget for a moment that gold has increased now nearly SEVEN-FOLD from its lows plumbed in 1999 and 2001.)
We don't doubt at all that the gold market is rigged, manipulated, etc. (aren't they all?) Sometimes, though, the various claims of chicanery are a little thin on details.
HOWEVER, way back in 1999, there were some fireworks in the gold market brought about by a combination of political and financial forces; ones which had several major hedge funds and at least one bullion bank on the edge of collapse. Back then there indeed WAS action by "official" players to suppress a surprise spike in the gold price; but not before subscribers to The National Investor had pocketed incredible gains of over 260% in a matter of mere days in this surprise move!!
Even most gold bugs have long forgotten this story -- and the lessons it has for us as to what circumstances would in the future cause such an intervention. You can take a fascinating trip back down memory lane and refresh your memory via THIS INCREDIBLE RECAP, from our October, 1999 issue.
Disclosure regarding the Editor, Chris Temple: On July 21, 2004, Christopher L. Temple appeared in U.S. District Court for the Western District of Wisconsin and was sentenced to the custody of the Bureau of Prisons for a term of 72 months on each of two counts to run concurrently. He previously pled guilty to one count of mail fraud in violation of 18 U.S.C. Sec. 1341 and one count of laundering of monetary instruments in violation of 18 U.S.C. Sec. 1956 (a)(1)(A)(I), both of which are Class C felonies. He has been released from the custody of the Bureau of Prisons and is presently serving a two-year term of supervised release with the U.S. Probation and Pretrial Services Office in the Northern District of Illinois. Please be advised that The National Investor provides GENERAL investment/market advice and commentary: neither it nor Chris Temple manages individual investment accounts.
The National Investor
Editor/Publisher -- Chris Temple