Ad Majorem.....Wealth Builders
Repost from Moneynewsmax by Glen J. Kalinoski and John Bachman | July 26, 2013
David McAlvany CEO of McAlvany Financial Group, compared the QE by Fed (buying of bonds - liquidity support to the market to the tune of $45 billion a month) like a drug propping up an addict. When the news of easing the market, the market reacted with lower stock prices.
Who benefits from the excess liquidity is not the economy at large but the stock market and banks. This is is done at the expense of/detriment of public and taxpayers.
He also mentions that the revolution trouble in the middle east: Egypt, Syria, Tunisia is creating fear of disruption of oil supplies and hence drives up oil price
How about bankruptcy of Detroit? He compares the situation of Detroit to Latin America
As for gold, there is strong demand and price will rise soon Read more >>>>>
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