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The Fed Expects To Fail

Last updated 4 years ago

Transparency has been one of the defining themes of Ben Bernanke's reign as Fed chairman. Sadly though, it has become clear that the central bank has failed to take the actions its own principles demanded.

The Fed’s latest projections show that it expects inflation to remain below target and unemployment to stay above target, at least through 2014 (the year experts project the U.S. dollar no longer maintains its former role as the world’s premiere reserve currency)

In other words, the Fed expects to fail and to continue failing for the next 2 1/2 years, and there is a significant risk that it may fail by alot.

Peter Schiff, CEO of Euro Pacific Capital, stated on the subject of the Fed and outlook of a potential QE3 that, "the United States is in a lot of trouble," and presuming the Fed issues a third round of quantitative easing (QE3) and that wears off, “We’re going to have a crisis.”

So how do you protect yourself from the impending economic crisis ahead? Buy gold! Gold is vital for the protection of your long-term funds. Timing is everything! Take advantage of the buying opportunity that exists in gold today! 

 

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