The Brothers Austrian

The folks over at Matterhon Asset Management lay out the many  gold misconceptions in a fabulous paper titled–GOLD IS NOT GOING UP— PAPER MONEY IS GOING DOWN!

The US dollar has lost 98% of its value in less a 100 years, the underemployment rate is at 17%. Mr. Bernanke, you may want to rethink your list of FED accomplishments.

At the end of the day paper money returns to its intrinsic value….$0.

Wendall Wilkie Gold bernanke, fed, Gold

Will U.K. lose there AAA rating? Will the U.S. lose its AAA rating? Will the FED take a hint from the market? Will Obama and his Dems and the spend happy Republican pals get the point? Not likely.

Is this the start of what Teacherman was talking about?

Wendall Wilkie Federal Reserve aaa rating, fed, obama