BTW, I agree with U both, Gary & Rick. That there is not creation, but confiscation, of wealth from the middle class. That confiscated wealth goes mostly to the upper class– the BIG welfare queens like JPM, GS, big health care corporations, the military industrial complex etc. The food stamp & Medicare beneficiares in the lower classes are a convenient scapegoat, to distract attention from the BIG welfare queens.

I broke the published minutes down yesterday for everyone who hasn’t got the time to read them entirely.

“We don’t have tools strong enough to solve the unemployment problem,”

-That’s all you need to read. That simple sentence is the Fed telling the world “We can not meet the basis of our dual mandate”. This statement is deliberate political cannon ammo.

When the Fed announces open ended balance sheet expansion, they are telling the world that the expansion of credit is NOT the same thing as the creation of wealth.

The rest of the speech is all just Blah Blah Blah, buy gold, blah blah blah…..

Yes Gold has risen in lock step with the Fed’s action, as does equities. “damn the torpedoes” is a great analogy to the events off the mortgage implosion. Honestly though do you really think anyone would actually throw up their hands in disgust and say “let the chips fall where they may”? If you were orchestrating any means to “try” and prevent or forestall a deflation spiral Uncle Ben did his job well. I still say it was an ingenious move. The proof is in the fact that after 4 years we are showing signs of healing. Even the EU crisis hasn’t caused a derailment. In fact it gives testament to his decisions 4 years ago. I know most will ignore my statement but you can’t confuse what the eventual outcome will be with Ben’s tenacity. He has delayed what I believe will be the eventual outcome. I said 4 years ago that time was crucial to get past this crisis. In theory enough time will allow for normal economic growth to resume. All domestic readings show an improvement off the soft patch we saw when the EU crisis hit.

In a perfect scenario employment only has to stop the bleeding, which means 200,000 per month growth. Wages do not have to rise much given the fact that consumers have reversed their debt burden and increased their savings. Banks are healing and are lending again. Consumers, while leary from the last crisis have been know to have a short memory. Most people want to forget the pain and usually do so in short order. All domestic indicators are holding up very well. Housing, employment, retail sales, etc… have either been going up or steady. Corporate productivity has not yet showed signs of waning. Just go outside at night and look at all the restaurants that are full. Look at the extraordinary growth of the food industry these past 2 decades. Look at vacation demand, and all discretionary spending. In fact all you have to do is look at AAPL, the greatest discretionary products out there. The only way you can deny that people are getting back to their way of life is to deny the data.

When the world reacts differently from your expectations I would suggest you find out why instead of insisting the world is manipulating their results. The notion that copper price surge is out of thin air is absurd. China pulls over 50 percent of the demand today. The expected demand by 2020 is a doubling from here. In fact every single report I have read dating back 2 years says the same thing. I would love to see some data that says otherwise. The reason metals spike is the same as why stocks or the dollar or bonds spike. Adjusting assumptions. If demand is expected to slack and an event gives a jump start to new demand and expansion than the markets react. Simple reason.

This really is tiring listening to the whining. I hope the future article and discussion that ensues calms your decidedly fixated notion that the world keeps getting it wrong and only a select few know the future. I have listened to daily pronouncment on an imminent doom, for years, with total lack of corroboration. My livelihood deals in logic. I am a simple guy that goes out of my way to uncomplicate things. To deconstruct to the core components and view it stripped.

I myself believe this will end badly and have my own theory as to why. If I am wrong than hopefully I can adapt to change and figure out my mistakes. What I will not do is sit in the sand box kicking my feet and have a temper tantrum. By nature I am forces to try and figure it out. Whether I am smart enough is another matter. I have deciced a while ago that living in my own head and blocking out the environment around me only accomplishes one thing, an entrenched self-delusional resolve.

It would do you well to open up your minds to real debate and counterpoint. Use facts and trends, fundamental or technical. To dismiss every misstep with a conspiracy theory is to believe nothing is real and no one can ever beneifit from knowledge.