Relevant:
- Have Central Banks Lost Control of the Gold Market?
- Sprott: Fed Wants Gold Down Pre-Taper Announcement; Losing Control of Interest Rates, Can't Sustain New Housing Bubble
- James Turk - Gold & Silver Shorts are Losing Control
- Patterns in gold price puzzling - but understandable
- James Turk - Negative US Credit Watch Signals Dollar Collapse
2012-08-02 — kingworldnews.com
"The Federal Reserve has made another announcement, Eric, and each one of their proclamations makes it more obvious that the Fed is no longer in the driver's seat. Â It is just rehashing the same stuff. Â The reality is the Fed is losing control. Â It is slowly but surely being overwhelmed by events, and particularly, the reality that US government finances are out of control."
...
"That's why the US lost its triple-A status. We should expect another downgrade soon, just like is happening with the serial downgrades in Europe.
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