How risky is for investors to place their faith in the Fed’s policies and how can they protect their wealth?

People talk about the Fed as being very powerful. They talk about Janet Yellen as being one of the most powerful women in the world, but the reality is that power only is the power to print money and they have already printed a lot of money. So the Fed is kind of in a bind now. They can print more money, but it’s going to have a bit more negative consequences much faster. As I say in my book, “Eventually people will fear money printing, not cheer it.” Unfortunately, a lot of people are putting a lot of their faith in the Fed and their ability to somehow have a lot of power to keep up their investments without printing money. That’s what the Fed is hoping too, as well. That’s why they got rid of QE3. That’s why they’re trying to raise interest rates. They’re trying to move, but it’s not easy. It’s not really working. They have printed so much money, they can’t print more, and that’s their real power. Taking money out of systems is not a power that’s just reversing the mistakes you made before. If you’re betting your wealth on their ability to pull off this exit or their ability to maintain those stock prices and real estate prices with more printed money, you’re taking a huge risk. The Fed knows it, you should know it, and the best way to really protect yourself against this because we don’t know when exactly this is going to blow-up, but most people do think it will blow-up; best way to protect yourself is precious metals. They will work in this sort of situation better than anything else. They may have had good returns before, they may have had good times, they may have even been a long-term stored value, but in this situation where you’ve got a lot of money out there and a lot of it riding on the Fed being right, if they’re wrong or if they just make a mistake or printing money won’t work any more, one of the best investments ever will be precious metals.