Why the Fed Is Not a Magic Money Tree

In the latest Fed action, buying essentially the same amount of U.S. Treasury securities as have been issued has taken pressure to fund mammoth federal deficits off of the private sector. But at what cost? The threat of inflation or stagflation means owning gold and gold-related assets is the best protection against the damage that the Fed and the federal government are inflicting on holders of paper dollars.

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Jim Rickards’ Project Prophesy

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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