Pinnacle Activity Ticker
A Must Watch Video - Quantitative Easing Explained
With QE 2 down and QE3... and 4... and 5 in the not too distant future, it has basically solidified a currency war for years to come.
If you haven’t seen this comical video now making its way around the internet, take a few minutes to watch it. It’s hilarious, but also very telling and true.
I’m sure Bernanke knows his tenure at the Federal Reserve is coming to an end. Barring an all out employment turnaround, I’d be willing to bet a ham sandwich that Bernanke and Geithner will be axed from their current roles shortly.
Pinnacle’s leading authority for market timing, Mark Leibovit, had this to say last night in regards to the Fed: “I am not anarchist, but an institution that was created in secrecy, unaccountable to anyone and still living in secrecy with no transparency has no place in America. This may also apply to the industrial-military complex which President Eisenhower warned us about over a half-century ago.
Take the bull by the horns! Abolish the Fed!”
Have a great week,