gold, page-61788

What saddens Doc is the public assuming they understand complex fiscal and monetary policy. A confidence in their ability to deduce 'what is really going on', that self- confidence will be the cause of financial ruin for some. It is sad.

So much misinterpretation of data and the meaning of money in a modern society; it presents opportunitues for those with an objective open mind not to be led blindfolded by blog site headline makers.

Do nit be fooled by big CB balance sheets all is not what some would have you believe. It is perhaps better to think of the Fed balance sheet as a digital recording system. The only real number that matters is inflation - where that is under control there is not too much money chasing too few goods.