Comment by Aaron Stichter

Entered on: 3/18/2009 10:10:59 PM

Is it the end? Basically. In a way. In this **QQ**creature**Q**s**QQ** current form. Mish concludes today**Q**s blog post like this:

http://globaleconomicanalysis.blogspot.com/2009/03/bernankes-grand-experiment-continues.html

The End of Bretton Woods II

Bretton Woods II is on its last legs and cannot possibly survive. The only thing we do not know is the timeframe. The global monetary system could collapse next month, next year, or central bankers might manage to keep it together for another five years.

Meanwhile the Grand Experiment Continues. And as central bankers worldwide continue their coordinated competitive currency debasement silliness, one beneficiary is likely to be gold.

Comment by Powell Gammill

Entered on: 3/18/2009 9:26:18 PM

Correct me if I am wrong, but in the Fed**Q**s 1913 Charter, aren**Q**t they the **QQ**buyer of last resort to stabilize the market?**QQ** Is this the end?

Comment by Powell Gammill

Entered on: 3/18/2009 3:02:14 PM

This took the market by surprise today and gold spiked as a result.