Dan Ferris: The No. 1 reason gold is above $1,000
Something I haven’t seen in the press much is that, the more fixing the government does, the worse the ultimate result will be.
The size of the bailout so far is absolutely unprecedented in all of history. Last November, ace researcher James Bianco did some math and found bailout spending at that time was equal to the inflation-adjusted cost of the Marshall Plan, Louisiana Purchase, Race to the Moon, S&L Crisis, Korean War, New Deal, Iraq invasion, Vietnam, and NASA – combined. Only World War II rivaled the bailout. And that was back in November.
Something I haven’t seen in the press much is that, the more fixing the government does, the worse the ultimate result will be.
The size of the bailout so far is absolutely unprecedented in all of history. Last November, ace researcher James Bianco did some math and found bailout spending at that time was equal to the inflation-adjusted cost of the Marshall Plan, Louisiana Purchase, Race to the Moon, S&L Crisis, Korean War, New Deal, Iraq invasion, Vietnam, and NASA – combined. Only World War II rivaled the bailout. And that was back in November.
Source: The Daily Crux
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