Wednesday, April 30, 2014

Fed Tapering

If you exclusively watch Peter Schiff on YouTube and only read the ZeroHedge website for your financial news, you would have missed the monthly taper on the Fed's irresponsible money-printing.

I subscribe to Peter's channel and I'm at ZH daily, so this post is part mea-culpa.  Neither sources had confidence that the money-printed would end. 

Here is a chart I threw together of the Fed "tapering" since December when their Quantitative Easing had peaked at an obnoxious $85 billion per month in new, inflating money.

Actions speak louder than words, don't they?

This month's $45 billion is $45 billion too much.  But it is lower than last month's $55 billion.

This, of course, could change tomorrow.  Just watch Peter or read ZH to hear why...

I was as disgusted with the QE abuses of 2013 and earlier as I am impressed with the discipline of cutting in 2014.  Let's see where it goes, and give credit where credit is due.

Yes, I still own a few gold and silver coins as part of my Obama Cuss Jar savings plan.

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