banksters use deflation myth to get bailouts , page-35

Hummms

I have bunch of stuff in boxes that reflect some of the things your talking about, the only to get at the data your talking about though would be to get to a library and got through some of the newspapers of the time and reconstruct it day by day. I also have somewhere some reports form gold miners of the day that goes into the general market conditions for gold during that period

Mikebr

There is actually a lot in what you say although it is not within the feds gambit to do it. Having said that Bernanke has suggested repeatedly that it should be done in this situation, so the chances are it maybe being executed in some kind of contrived way. the proof of what your suggesting being on the central bankers minds is here

http://people.su.se/~leosven/und/522/Readings/Bernanke.pdf

I like referencing Bernanke's work pre Fed at Princeton when he wasn't on guard with respect to his role at the Fed, from page 18 onwards he is very explicit about printing and giving away money, and the Fed buying real assets to inflate the prices of assets

anyone interested in Fed policy should take the time to read this paper it summarizes all the likely moves that may come into play

So I will never argue that he will not try to do it because we have all the proof in the world he intends to do it . My argument is that he will FAIL. I think where his paper is in error is that he underestimates the scale of the undertaking of inflating away the debt, the political will does not exist at this scale to either give away money or buy bad debt, it would succeed if he had a program say x10 the size.

lets remember no one in history has ever succeeded doing what he suggests would be the solution, the political will and the ability doesn't exist in Europe or Japan either, so while this might have made sense to a Professor at Princeton in the real world he will fail Steve Keen explains why here

http://www.debtdeflation.com/blogs/2008/11/29/can-the-usa-debt-spend-its-way-out/

Bigsky

Yes your right the past gives us limited indication of how things may unfold in this situation, my view is this situation is by a quantum many times more serious than anything in history

What Bernanke misses he wont be allowed to give away 10 trillion it would impoverish the US for 20 years, further stimulus wont make it through congress at the rate its needed to put the fire out when it occurs

The Fed, BoJ and the European central bank will fail .

As for gold I hold it and will continue to do so, the hassle of trading physical makes it a good buy and hold asset.