QE3 is all talk, no action yet, Turk tells King World News
GoldMoney founder and GATA consultant James Turk today tells King World News that the third installment of the Federal Reserve's program of "quantitative easing" has been all talk and no action so far. "If the Fed doesn't start pumping juice soon, the stock market could tank," Turk says. "It's not the economy that has kept stock prices up at these levels. It is Fed money printing." An excerpt from Turk's interview is posted at the King World News blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.