He has failed, but given the political independence of his post, it wouldn't look good if the government were to sack him.superfrank wrote: I despair of the US, and our very own Bernanke, King, will resign before the end of the year IMO - he has failed by any measure.
But I hope Osbourne has the balls to say 'Enough is enough! If the Bank of England are unwilling to execute their responsibility to control inflation by raising interest rates, I'll take the power away from them and do it myself!'.
I do worry about gold. Generally, bubbles burst, and when this one bursts it could cause even greater damage than the sub-prime bubble...superfrank wrote:Gold is the ultimate reserve currency and has been for thousands of years.
Jeff