We often imagine Ben Bernanke getting a grilling from a federal prosecutor as good as the teenage car thief/borrower gets in the Big Lebowski but to paraphrase the Dude, it’s ‘only our opinion’ that he’s a no good nation-wrecker. The FED has never been audited and it looks as though it will remain that way while the US economy dances with the stars of Wall Street, God’s work means you never have to say guilty!
QE3, the next round of the American attempt to print their way out of Mother of all Depressions to come is just around the corner. Suppression of precious metals, silver in particular and the Plunge Protection Team’s antics yesterday at the New York Stock Exchange harken as much. The rigged boards saw the Dow Jones average drop and then it did a pirouette with a sideways twist and jetéed back to norm, picture perfect.
The raid on the Comex to demand physical PMs never materialised, perhaps that’s what’s given the Fed’s money gurus the boost of confidence they require for one final ‘command’ performance. Should anyone be in doubt about the recent chicanery in commodities’ relationship to the print run, have a peek at what Zerohedge comments are on about….
UPDATE: June 5th, Mainstream Media catches up, somewhat!