The Gold Hater: Don't Worry, Be Happy

As more and more money managers begin to realize the serious ramifications of the Fed's planned $500 billion money printing escapade, Joe "The Gold Hater" Weisenthal has figured out what all the warnings really are:

In the last few weeks, big-name have begun screeching about the evils of the Federal Reserve like never before.

Today, Bill Gross, who is frequently accused of talking his book and being too in bed with the government actually busts out the word "ponzi," a favorite word of Fed critics.

Yesterday Jeremy Grantham depicted Ben Bernanke as a bubble-inflating, economy-destroying zombie.

Last week, the famed currency trader John Taylor compared Bernanke to Adolph Hitler.

John Hussman has been calling the economy a Ponzi in some manner or another for some time.

There are surely the countless more examples of over-the-top rhetoric among big investors than what we came up with in 45 seconds worth of searching.

So what's going on? Does all this caterwauling actually signal impeding doom?

You'd be forgiven for being terrified, but no, the end of the word won't be preceded by a bunch of multi-millionaires whining about the end of the world.

Remember this: All these investor letters are MARKETING.

Yup, Joe says everything is fine. These top money managers are just making things up. Sell your gold coins and chill, and when the inflation comes and you can't buy a damn thing, just remember,  Joe's news group now has a sports page that you can stay at home and cruise for free.