Goldman Sachs’ (NYSE:GS) economist Jan Hatzius says he sees the Federal Reserve beginning a new round of quantitative easing, and it could happen as early as November, he said.
Quantitative easing is the phrase the Fed hides behind for the printing of money, which our children and grandchildren will have to pay for, if they are even able to.
While the ongoing weak economy, and probably a recession that has never left, continues on (hidden by the printing of money and stimulus programs), gold prices always soar on that news, and it's possible the expectations of quantitative easing also resulted in the record gold prices today.
Hatzius said, “We don’t expect this at the September 21 meeting, but in November or December there’s certainly a possibility that it will be announced.”
The Fed will more than likely acquire about $1 trillion in U.S. Treasurys in their misguided effort to get us out of the recession, which has already failed with the over $1 trillion already spent, and will fail again.
Gold and gold mining companies will only benefit from continued policies of Ben Bernanke's Federal Reserve and the Obama administration.
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