Why The U.S. Fed’s 0.50% Rate Cut Won’t Save The

Why The U.S. Fed’s 0.50% Rate Cut Won’t Save The U.S. Markets

Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights – Alan Greenspan, 1966, more than 20 years before he served as Chairman of the U.S. Federal Reserve from 1987-2006. Obviously, Alan Greenspans feelings regarding deficit spending experienced a 180 reversal once he became the U.S. Federal Reserve Chairman. However, one only need to understand the truth in that comment to understand where your money should be invested and why this mini-rally in global markets spurred by the Feds decision to cut the Federal Funds rate by 0.50%, even if it should extend into a larger rally, should cause you to be scared, and very scared at that.

Overshadowed by the Feds decision to cut interest rates and the subsequent rally in global stock markets was a much more critical story. U.S. Secretary of Treasury Hank Paulson recently urged Congress to raise the national debt ceiling, stating that the U.S. would reach the current national debt ceiling by October 1st. More… Such a decision to raise...