The redistribution created by the Fed’s monetary pumping actually weakens the economy over time as real savings is squandered on malinvestments. With gold as money, real production and savings is stimulated. Federal Reserve chairman Ben Bernanke doesn't understand that.
Early reports indicate that consumer expectations will drop in February, indicating that consumers are tightening even further on spending.
World banks are trying to solve the financial crisis the same way they caused it — by creating more debt.
The University of Michigan's Index of Consumer Expectations rose to 68.4, and the Current Economic Conditions Index climbed to 82.6.