Prominent Gold Skeptic Willem Buiter Says "Gold Looks Pretty Good"

Buiter, like Greenspan, is a punk.  After bashing gold 2 years ago, he now articulates its monetary value.  Both he and Greenspan are flip flopping, although Buiter is insufferable.  Even though he is now right, he's still wrong on some of the reasons for why he is bullish on gold.  At least Greenspan is somewhat predictable, understanding the value of gold before and after holding his position as Fed Chairman.  It was during his tenure as Fed Chair that Greenspan was predictably sour on gold.

With Buiter, he's acknowledging his ignorance for gold, and yet this clown is paid millions to be Citi's Chief Economist?  Here's a thought:  if this incredulous gold skeptic is now reversing his opinion, perhaps this foretells the next big leg up in gold and silver.  Are the financial elite panicking and ready to throw in the towel?

http://www.zerohedge.com/news/2016-07-19/prominent-gold-skeptic-willem-buiter-says-gold-looks-pretty-good

Paul Craig Roberts – The United States Is Broke And Europe Looks To China As Insane U.S. Policymakers Push For War

http://kingworldnews.com/paul-craig-roberts-the-united-states-is-broke-and-europe-looks-to-china-as-insane-u-s-policymakers-push-for-war/

Fed Looks at Exit Fees on Bond Funds

This is how dumb the Fed is--er, not so smart, I meant.

Federal Reserve officials have discussed imposing exit fees on bond funds to avert a potential run by investors, underlining regulators’ concern about the vulnerability of the $10tn corporate bond market.

Officials are concerned that bond-fund investors, as with bank depositors, can withdraw their money on demand even though the assets held by their funds are long-term debt and can be hard to sell in a crisis. The Fed discussions have taken place at a senior level but have not yet developed into formal policy, according to people familiar with the matter.

Let's distill what the Fed (the smartest guys in the room) are contemplating.  They want to impose exit fees to preempt a run on bonds--a selling panic from bond investors.  Have they even considered that contemplation of said exit fee will CATALYZE bond investors to dump bonds before the fee takes effect?

As smart as the Fed officials are deified to be, they sure are lousy poker players.