Friday, January 31, 2014

QE Cover-Up

So, the FED says it's going to reduce stimulus and start to Taper? I guess the economy must doing great!? Maybe I should step over the river to Detroit and see how good things are? 
As I've said many times on Gold Radio Cafe in the past, the diabolical leaders at the FED will come up with some creative way to disguise QE and say they will TAPER. 
Well here you have it folks, YOUR IRA account will become the "NEW and IMPROVED" QE stimulus. That's right! YOU the taxpayer will soon be funding the FED QE program. Congratulations!  BK 
Asian shares fell heavily and European stocks also retreated, extending a global rout driven by worries about emerging markets.
Concerns were stoked when the US central bank further reduced its quantitative easing (QE) stimulus overnight.  LINK...
Among the president's other executive initiatives is a plan to help workers whose employers don't offer retirement savings plans. The program would allow first-time savers to start building up savings in Treasury bonds that eventually could be converted into traditional IRAs. Obama is expected to promote the "starter" accounts during a trip to Pittsburgh on Wednesday.   LINK...