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Kind funny actually how the biggest dealers on the street, who now make obscene fortunes arbing etf's with hft algos, are calling for a gold standard. Do you know how much gold is in your ETF? Fiat Metal, lovin' it.
“If we have an economic crisis in the Western world it’s because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people’s freedom,” he said.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
It was barely covered by national media but a major event took place late last week. One that will have a massive effect on the money in your wallet. Your ability to by goods and services and ultimately your future.
It's something called QE3 and last week the Federal Reserve Bank announced it would begin. Tonight, what it means for you.
DEUTSCHE BANK: Western Economies Are Screwed, And Investors Face A 'Disturbing Paradox'
In a new report entitled Gold: Adjusting For Zero, Deutsche Bank analysts Daniel Brebner and Xiao Fu paint an incredibly dark picture of the bind the global economy is in right now.
Brebner and Xiao are pretty frank about how levered up the financial system is at the moment, and they warn that the next shock will be totally involuntary and unexpected.
The San Francisco Fed asks on its Facebook page (I am not kidding) “What effect do you think QE3 will have on the U.S. economy?” – The hilarious results of the poll.
