Cliff Küle's Notes:

Cliff Küle's Notes Your daily CONSOLIDATOR of the most insightful WEB presentations on the subject of MONEY .. The Ultimate Confidence Game .. How our Monetary System works for the benefit of some .. at the expense of others.

Jun 23rd 2013, 01:17 A Lot of 'Ifs'… Sprott's David Franklin emphasizes investors did not take the time to understand the nuances behind this past week's statements by the Federal Reserve .. thinks Bernanke left himself with enough wiggle room to change any of his statements & decisions at a later date .. "Asset prices have been driven more by expectations of monetary 'juice' from the central bank than by economic or business fundamentals. However, it's important to note, that Mr. Bernanke included many qualifiers about exactly when monetary policy in the U.S. would change. The Chairman made it clear that an improving economy coupled with lower unemployment and an uptick in inflation are all pre-requisites for a policy change .. While we are skeptical that the terms of ending asset purchases will be met according to the timeline given by the Fed, we are forced to contemplate a financial world without the tail wind of an easy U.S. monetary policy." LINK HERE to the essay

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