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While Fed Chairman Bernanke is speaking in Boston, I’m writing you this email from Chicago.
At this moment, Bernanke is still at the podium. But his words are already echoing on the airwaves and the Web, while the gold and currency futures markets are going haywire. The obvious take-away …
He will DEFINITELY launch a second
MAJOR round of money printing!
How much? He doesn’t seem to have figured that out yet — or doesn’t want to tell us.
Unfortunately, that’s no longer a critical issue … because unless someone or something stops him dead in his tracks, he can always launch a third round, a fourth round and more.
Will it work? Bernanke’s not sure! Easy money doesn’t directly impact employment, he admits. But his message seems to be:
Who cares!? We’re going to do it anyway, darn it!
We have to do something — anything — to get inflation going!
Come hell or high water, Bernanke claims he can prevent the U.S. economy from going the way of the Great Depression of the 1930’s … and even from falling into a 21-year deep recession similar to Japan’s.
Bottom line: He stood by the September FOMC meeting notes released earlier this week …
— That the Federal Reserve will simply not raise interest rates prematurely.
— That it will even begin targeting higher inflation rates.
— That it has “many more” strategies up its sleeves, including possible future steps the Fed could take “in addition to buying up longer-term Treasury securities.”
One has to ask: Is he setting the stage for a big move soon after the elections?
How will all this affect the markets? Gold is already nearing the $1,400 level. The dollar is at a fatal tipping point, very near its all-time lows!
How does one position their portfolios NOW, before the upcoming elections?
Already, the profits being made in gold, commodities, currencies and other asset classes are dramatic; and I have $1 million of my own money invested in a model brokerage account to help show you how to tap them.
Hedge fund manager Monty Agarwal is calling the shots in my portfolio. And right now, he’s getting ready to add to my positions in these markets. So he’s prepared a special new presentation to help you track our every move.
With so much happening so fast, you don’t have the luxury of time!
Good luck and God bless!
Martin
