Fear not gold bugs

Why the fed has lost control. Gold is down 30 bucks, so what gives? Traders must be watching the news. The news is that inflation is under control and the economy is growing. Thus, the fed is held in high esteem, for they seem to be the master of events, not the slave. But the truth is that the fed cannot escape quantitative easing. This makes the fed out of control, as they react to events. Once the fed and the government lose credibility, the house of cards will start to fall. The cause of such an event is not likely to come from within. The American population is much too gullible and passive to force an event on an out of control government such as the one in charge today. The event will be external in origin. In the meantime, you can only shake your head at this nonsense.