A Spooked Economy in October

So with all this extra money going around, we may appear nominally wealthier, but the reality is, we have barely moved at all.  This is unfortunate especially for the prudent, conscientious savers, whose nest eggs are constantly being devalued.  Unless of course, they have saved in something out of the Fed’s reach, like gold.  While the economy has basically been in a holding pattern against the leeching of wealth by the Fed for 39 years, gold has seen an inflation adjusted increase in value of over 5% per year, if measured in 1971 dollars.  This is due to the Fed’s ability to make dollars plentiful.  And yet, this is the only tactic the Fed can come up with to rescue an economy already devastated by “quantitative easing”, as they call it.

Ron Paul says that government policies are much spookier than Halloween.