Fed News Friday: Balance Sheet Inches Towards $2.729 trillion
May 13th, 2011About half of this amount is made up of US securities that the central bank has acquired during the famous rounds of quantitative easing. With QE2 seeing its finish line there have been talks of what will happen next. Bernanke insinuated during his recent press conference that the unemployment rate would be slowly recovering. So more Fed action will surely be to the rescue before we know it. Confidence is still down on the dollar, although some may speculate that the recent “triumph” in foreign policy has had a positive effect on the paper currency.
Silver saw its biggest dip since 1983. This has sparked a “buy-buy-buy” mentality in many countries and the Asian markets are leading the way. The Federal Reserve however is stuck funding failing and corrupt businesses like Freddie & Fannie. They are actually permitted under The Federal Reserve Act to purchase gold (under certain regulation). There’s no CEO of gold or silver to butter up or gain political power from, and why does it matter if the Fed loses its savings…they’ll just print up more, and when it implodes they’ll attempt to build another central banking system. Unless our Rebels stop them 
A poll that was conducted showed that investors are hoping for a pull back from the Fed after QE2 ends…we’ll see.
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In other news. We had a photo contest yesterday for people to share their feelings about a possible QE3. The winner gets a new “End the Fed” bumper sticker from Silver Circle. The winner is…
Stephen V Anderson who tossed his breakfast of champions when we brought up the dreaded QE3!
Congrats, you won a Silver Circle END THE FED bumper sticker.
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