Tara Gold Resources (fka TRGD)

[Mamona]

lootie:

The FED does not run America, and that kind of post does not belong on this board. Nor are you qualified to comment on why other people are disappointed with this stock.

The FED is private, it's owned by the banks, and sets monetary policy.

Google <"The Accord" + 1951> and you will see how the FED was divorced from the US Treasury, for the first time since pre-WWII, when it was important to keep interest rates low and stable.

Since 1951, monetary policy was kept out of any administration's financial/budgetary policies.

What is happening now, is an incredible breach of "The Accord", through the 'monetization of debt' under the current administration.

For the US Treasury, a department of the executive branch, to spend 3 trillion dollars in this fiscal year, means the US must issue bonds that will debase the US$ (if they can find buyers),
and/or print dollars in order to buy Fanny/Freddie/Any US government debt.

In this case, the FED is made to bow to the pressures of anti-deflationary irresponsible Keynesian spending that can't possibly work. It is unsustainable and hyper-inflationary. The CBO has said so.

http://cboblog.cbo.gov/?p=328

Good luck. If you want to debate me on this, give me a 'blog' or website that we can continue this. Let's not do it here.

This debasement of the US$ is good for Gold but bad for America and the world. And BTW: I've read "The Creature from Jekyll Island".