Tuesday, October 8, 2013
This Isn't Going to End Well
Unless Janet Yellen turns out to be a bigger skin changer than Ex-Justice David Souter (May he suffer eternally) our final fate is now sealed. The White House announced today that the "Golfer in Chief" would be nominating Yellin for Fed Chair-person Tomorrow. The Feminist once again are getting their way.
QE to infinity and beyond.
Of course I have always said the Fed was never going to stop pumping many times on this blog but Yellen is widely predicted to go at it full tilt. Much like the situation in the picture above this isn't going to end well.
Maybe the Republicans will stick to their guns and change the playing field around enough that Yellin's printing won't matter. We will see.
However I think the smoking crystal ball is now definitely showing inflation, inflation, inflation for our future, along with a greater percentage of wealth disparity to try and keep the pumping inflation under control. How long the middle class can keep themselves above water is anyone's guess but the rules for surviving haven't changed for us really. They will just be put to use sooner now rather than later.
There maybe an opportunity here though. I am not sure if the markets can really grow any larger but if there is room, and you haven't drained all investment accounts yet, a bit of a short term bull market may develop before this all comes crashing down. With a little timing you maybe able to turn some gambling money into quick cash for preps.
Interesting times indeed.
Keep Prepping Everyone!!!