19.12.2013 - Fedís ballooning $4 trillion balance sheet bodes well for gold in 2014
The Federal Reserveís balance sheet is set to exceed a whopping $4 trillion today, prompting warnings its ultra loose monetary policies are inflating asset price bubbles and will lead to a devaluation of the dollar and significant inflation in the coming years. The Fedís assets rose to a record $3.99 trillion on December 11, up from $2.82 trillion in September 2012, when it embarked on a third round of bond buying. Itís balance sheet has ballooned by more than $3 trillion or 300% since September 2008 when it was at just $0.91 trillion...............................................Full Article: Source
Print