Folks, this is beginning to look like a very bad movie. My study of history lets me know that this will end in tears. All I can do is to exhort you to protect yourself. From the article: The Federal Reserve has surpassed China as the leading holder of US Treasury securities even though it has yet to reach the halfway mark in its latest round of quantitative easing, according to official figures.
By June [the Fed] will have accumulated some $1,600bn of Treasury securities, likely to be in the vicinity of China and Japan's combined holdings, said Richard Gilhooly, a strategist at TD Securities. The New York Fed surpassed China in the past month as the largest holder of US Treasury securities, he noted.
How do you protect yourself? A call to Lear Capital would be a good start. Then, we can discuss how ownership of physical gold can protect at a time like this. We can discuss the gold charts, how to buy gold and the gold bull market ahead!