I think Stewart and Oliver (The Daily Show) do a good job of breaking it down for you School House Rock style: Let's Celebrate the Dodd-Frank Act's Miserable First Birthday In short, nothing has changed, WallStreet is just as crooked as it was, Banks that were too big to fail are now even bigger and in the casino world of investment banking it's heads I win, tails you lose. Now, that's definatly Change we can Believe In. Pathetic. Meanwhile, over in political land, the puppets wave their hands around and the POTUS pretends we may defaul so that QE3 doesn't seem so shocking when Benny Boy introduces it to the American sheeple in couple of months.
I do own a reasonable amount of silver... that said, it's not healthy for things to sky rocket into the stratosphere, then they come crashing down, and the banks win (as they get bailed out regardless). If you think precious metals are going to explode then that means you, like I, think QE3, QE4, QE5 ... ect are right around the corner. If that is the case, wouldn't it also suggest that stocks are going to rise as well? As a matter of fact, wouldn't everything have to rise (except the value of the dollar)? What's sad is how pathetically weak this Act is - which I am 100% sure was done purposely NOT to regulate the banks.
Yeah but at the end of the day, as shitty as the situation is, you and I can hardly change things for the better. Its the big elephants running the show and I'm dancing with them trying to avoid getting stepped on. I expect more QE or QE-type actions (I think that 30M barrels of oil that Obama sold off was effectivley a form of QE).
So then everything rises except the dollar? Just a scam to get out of paying back the debt? I mean, suppose stocks do rise, but, along with everything else (food energy, etc...) so, it's not really a gain. It's only a lose if you have dollars (well, US dollars). Savers are screwed? Doesn't seem like sound policy to me.
Oh, and kudos to the team at the Daily Show for identifying what a joke the Dodd-Frank Act turned out to be. Only a little over 30 of the supposed 400 lines in the sand have been drawn, and of these, they are all as wavy as fk. Again, what a joke. Where's the mainscam media on this? The Daily Show is out in front? (except the Economist, they called BS on this over a year ago, before it was even enacted).
