Bernanke talking out of both sides of his mouth.
Yesterday the news broke that Bernanke just couldn’t understand (ie. is surprised by) the rise in the spot price for gold. I got to tell you that in my opinion it was an attempt to dampen the rise of gold’s price because that rise is proof of the weakness of the financial and political positions of governments around the globe.
I say it looks like he’s speaking out of both sides of his mouth because he also warned of the unsustainable debt our government is on the with the reckless spending they are doing.
So he recognizes the dangers to the dollar but doesn’t understand the rise in gold? Right….