Silver as an investment

Richard Duncan: Fed Targeting 20,000 on the Dow

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

financialsense.com / 11/15/2013

Richard Duncan—author, former specialist at the World Bank and consultant to the IMF—says the Federal Reserve plans to stimulate the stock market by 10-15% each year for the next two years.

“My opinion is that credit growth will remain insufficient to drive economic growth and, therefore, the Fed is going to have to continue [its efforts] through fiat money creation; and their goal is 10-15% appreciation of the stock market a year in order to create a wealth effect and push up asset prices to create consumption and to drive the U.S. and global economy,” he explained in a recent interview with Financial Sense.

If Richard’s analysis is correct, that means the Fed has a target of around 20,000 on the Dow before backing off its quantitative easing program.

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Thanks to BrotherJohnF