A few weeks ago the UK (insolvent country) announced that they would be expanding their quantitative easing program. Yesterday the Bank of Japan (insolvent country) announced they would be expanding their quantitative easing program. This past week, not to be out done, we have heard from numerous members of the Federal Reserve here in America (insolvent country) that if conditions warrant they will soon be expanding our quantitative easing program.
By launching off the $1,550 lows, gold has surprised those in the mainstream media who continue to explain to Americans how gold is in a bubble and printed currencies are the safest and surest way to build wealth. The following is another simple and humorous discussion on quantitative easing, which we continue to be told will strengthen the value of the paper promises we hold.