by Dr. Jeffrey Lewis, Silver-coin-investor:
The quadrillion pound gorilla of silver’s return as a monetary currency is now lurking patiently in the room as the bond market seems to be recovering somewhat.
Nevertheless, perhaps central banks are simply testing the resilience of the bond market by tempting the bond vigilantes out of hiding? Still, one has to remember that there is no strong willed Volker around at the Fed with the guts to raise interest rates to fight inflationary pressures.
The Fed’s current Chairman Ben Bernanke and his cronies on the FOMC have shown considerable reluctance to tighten rates in the wake of the U.S. Financial Crisis and have softened rates to almost zero in an attempt to stimulate the flagging U.S. economy.
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