The Fed's Will to Fight Inflation

The Fed's willingness to fight inflation would only last until there was some real damage in the financial system, he says. Now that they can no longer pretend that everything is great, "they have to stop pretending" Gold and silver prices will go up even more as people fear central banks' ability to bail them out of trouble. Bitcoin surged again today because people are rushing into this as a safe haven,. But I think they're going to get burned," writes David Frum.