fed to buy gold per jim rickards

fed to buy gold per jim rickards

He said they want gold and commodities prices to rise to reduce the value of the debt through inflation as a result of creating too many dollars.

Since they have been creating too many dollars since since 1971, I think Ricards was being diplomatic since he was on CNBC.

I think this signal from the fed means they no longer care if the sheeple in the usa don't know about the real extent of dollar debasement.

I think the fed is confident that the sheeple won't revolt except for the poorest "rioting" & crime going up.

Both will be met with brute force that the fed thinks the majority will go along with.

Also, the fed doesn't want China and others to buy all the gold on the market instead of them so they can be ready to crush gold & silver prices again later if they need to.

The fed knows that the permanent gold/silver standard we're always on won't work unless the people own gold & silver so the true value of currencies are reflected by the gold and silver prices in the marketplace.

I think Ricards is really saying gold and silver are going to "take off for the skies!"

If this is really a change in policy from the fed, then I agree with him!

Rickards video:

facebook, why buy gold? (and silver!), wed-06-22-2011:

Kirsty Hogg
Fed could buy gold to devalue dollar, ease debt, Rickards tells CNBC
His interview with CNBC today is part of a seven-minute segment you can find here:

http://video.cnbc.com/gallery/?video=3000029081

James G. Rickards on CNBC about Greek Debt Problem

http://buygoldansilverlong.blogspot.com/2011/06/fed-to-buy-gold-per-jim-rickards.html