TURK: 'Oil Is Dropping Because Fed Has Stopped Printing'

Inflate or die.

James Turk on Capital Account with Lauren Lyster - Yesterday.

Turk says oil is tanking because Bernanke has slowed the presses.  He's wrong.

If you examine Fed spreadsheets, you'll see they've been busy buying up MBS to the tune of $85 billion per month (just as Bernanke announced) via reinvestment and new purchases. But the transactions take time to settle so the liquidity won't "flow" until that happens. There are huge numbers of transactions with settlement dates of 11/14/12.

Bernanke's QE3 Press Conference: The Debt Lord Speaks...

Comments

[Backgammon]

This is the Fed Motorcycle test. Imagine the guy on the bike, as your money, you investment.

German Engineering



http://www.youtube.com/watch?v=wv4oLzN9Tns

[SKINFLINT]

Backgammon. That was great.

[DailyBail]

Backgammon

Thx. Awesome clip.