Well the FED comes out with its rate and policy statement on Wed and this has lent uncertaintly as usual to the gold market and markets in general. So much for a free market when one entity can have such an impact on it.

Well it seems that the FED has run afoul of the politicians ( notice I say politicians and not lawmakers as the media so universally seemed to rename them. How much more authoritarian that name hahahahahahahahahahahahahahahahaha).

The Fed chairman has not been reconfirmed yet even though his term expires on the 31 Jan. Long time bank and wall street supporters are making rumblings about withholding support all of a sudden.

Perhaps Bernake will find himself out of a job if he does not follow the politicians orders. The politicians know that they need the Fed to inflate and print money otherwise the economy wil really plung which means in a voting year they are going to find themselves kicked out onto the street with the rest of the unemployed. This will only prolong the death of the US economy however in finacial matters a long drawn out death is much more preferable to most then a sudden one hahahahahahahahahahaha.

On the other hand the bankers would not care about deflation because they had themselves taken care of with all the bail outs, at least the to big to fail ones did. They are sitting on piles of taxpayer cash and would like nothing better than to buy up companies and the competion for pennies on the dollar after a prolonged deflation. Survival of the most well connected hahahahahahahahahahahahahaha. This has been certain bankers playbook for centuries. After all was it not T. Jefferson would said that if you give the bankers the power to issue money they will through inflation and then deflation make the people slaves in there own country?

Rats have good survival instincts and rarely go down in the ship alone.

All in my honest opinion of course.

F.F.