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Message: Ex Fed Governer Comments - Bullish for Gold

Ex Fed Governer Comments - Bullish for Gold

posted on Sep 16, 2008 03:57PM

An ex Fed Governer was just asked on CNBC if the Fed balance sheet and its leverage(50:1) posed a problem and he said: Absolutely Not!

He said the Fed had an unlimited balance sheet and it did not matter. I almost fell out of my chair when he said it and it confirms that the Fed will behave as financially irresponsible as the banks they are bailing out. This , no doubt, is wildly bullish for Gold in the longer term which will benefit all of us TYHEE shareholders.

Time to add to positions.


SilverNut

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