Saturday 9 April 2011

A Tale of Two Central Bankers

 

One central banker is making inflation worse by sitting on his thumbs while the other has raised interest rates FOUR times in the last six months, raised bank reserve requirements SIX times since the start of 2010, toughened lending rules, and increased down-payment requirements.

Ironically, the central bankers from the People’s Bank of China are the ones making the right moves while Ben Bernanke and his Fed buddies are throwing gasoline on the inflation fire by keeping U.S. interest rates at essentially zero and printing hundreds of billions of dollars that they call Quantitative Easing.

Inflation is coming, and I’ll introduce you to my #1 way to profit from the drooping dollar and my favorite Chinese natural resource play, which is traded here in the United States.

Best wishes,

Tony

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