Actually, I can.

Whenever Ben, and Greenspan before him, spoke anywhere, it was for public consumption. They know darn well that smart money investors know what's going on. They also know it's the consumer, that 70% factor of GDP, the dumb people, that need to be fooled. They watch the Fed for signals that the fooling is still working.

That's the sad part. The smart money, that knows what's going on, also knows about the dumb consumer. They know that as long as the Fed can keep fooling the dumb people and keep the dumb investor in the market, then there's money to be made at the expense of the dumb investors.

Even though the smart money knows the real facts, they aren't going to rock any boats. As long as the Fed can keep the cow alive, they will keep milking it.

I believe the signal the smart money follows is the gold market. That's the canary, always has been. Suppressing the gold market is job One, keep the canary alive, then the cow will stay alive. When the dumb consumer investor reaches the point of having nothing more to give, that's when everything changes. When the Fed can no longer fool them, gold will start being the investment they want.

Since the gold market is so, so tiny, just a few remaining dumb investors will finally become smart, too late, they're still dumb. They will take what little capital they have left and move into gold (the canary dies). The Fed will have no one to fool any more. The cow has no more milk to give.

The smart money that took advantage of the suppressed gold price to accumulate, will now wait for the new dumb gold investors to develop a nice gold bubble (a real one), and sell a small portion to them. Just enough to make a nice profit along the way, yet still maintain a nice lump to be part of the new power, whatever form it takes.

Terry