Beginning to Approach the End Game.
“Nothing is normal: not the economy, not the financial system, not the
financial markets and not the political system. The financial system
still remains in the throes and aftershocks of the 2008 panic and
near-systemic collapse, and from the ongoing responses to same by the
Federal Reserve and federal government. Further panic is possible and
hyperinflation remains inevitable.
Typical
of an approaching, major turning point in the domestic- and
global-market perceptions, bouts of extreme volatility and instability
have been seen with increasing frequency in the financial markets,
including equities, currencies and the monetary precious metals (gold
and silver). Consensus market expectations on the economy and Federal
Reserve policy also have been in increasing flux. The FOMC and Federal
Reserve Chairman Ben Bernanke have put forth a plan for reducing and
eventually ending quantitative easing in the form of QE3. The tapering
or cessation of QE3 is contingent upon the U.S. economy performing in
line with overly-optimistic economic projections provided by the Fed.
Initially, market reaction pummeled stocks, bonds and gold.
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