After
the Fed meeting and the Cyprus fiasco, today the Godfather of
newsletter writers, Richard Russell, came out and said the gold
belonging to the United States may be missing, and that gold-haters are
about to pay. He also discussed Bernanke, stocks, the Fed and more.
Below is what Russell had to say to subscribers:“I just heard Bernanke’s latest interview. He said that the economy is improving, just as he had expected. And he said further, that the Fed will continue their “open spigots” policy, which includes buying $85 billion worth of assorted bonds each and every month. Plus, of course, the zero interest rate policy. And hey you poor broke slob, if you don’t like the zero policy, then go buy some stocks or better still, buy a house, because Bernanke is dedicated to driving almost everything that moves or doesn’t move, higher and higher.
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