by irdadmin | Feb 7, 2022 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion–when you see that in order to produce, you need to obtain permission from men who produce nothing–when you see that money is flowing to those who...
by irdadmin | May 12, 2021 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I became Chairman in February 2006.” – Ben Bernanke, outgoing Fed Chairman 2014 “Recently I used the word ‘revolution’ to...
by irdadmin | Jun 29, 2020 | Financial Markets, Gold, Market Manipulation, U.S. Economy
I’d like to thank Jay Powell and his marvelous printing press. The equity side of my investment fund, which I manage, is 100% mining stocks – mostly juniors – and as of today it’s up 100% QTD. Thank you Jay. Almost every stock we hold is...
by irdadmin | May 25, 2020 | Financial Markets
Scott Pelley, “60 Minutes:” “Where does it [money] come from?” Do you just print it?” Jay Powell: “We print it digitally. So as a central bank, we have the ability to create money digitally. And we do that by buying Treasury Bills...
by irdadmin | Apr 10, 2020 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
“You [the public] are the sucker. Your role in the Federal Reserve System is to absorb losses [on the crappy assets the Fed buys off of bank and hedge fund balance sheets]…The Fed is there to facilitate your absorption of those losses and that’s...
