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The New Monetary World Order|
There's been a change in the markets. After six years of the gold price going nowhere (in "worthless paper" USD), it's suddenly taken off and is hitting all-time highs in most major currencies.
The PPT seems to be absent: The Dow Jones Industrial Average (Dow) had been in a sharp decline with losses of over 400 points when the “glitch” began. But rather than continuing on that downward path, once traders were unable to see or evaluate where the stock market was actually trading, the Dow stopped tanking.
- Shhh! Don’t Tell the Public There Was a Frightening “Glitch” in Stock Markets Yesterday
It looks like John Williams, the vice chairman of the Fed’s policy-setting board, is making big changes. Perhaps the FED will adopt what Janet Yellen referred to as a "macroprudential" role: The story involves Simon Potter, who ran the all-important markets desk, and Richard Dzina, head of the financial services group.
- Abrupt Ousters, Public Missteps Sink Morale Inside New York Fed
Of course, the likes of Berkshire Hathaway continue to purchase Apple in it's third year of decline in smartphone sales (it's biggest source of revenue) or Amazon (who's valuation one article claimed implied it would expand until it covered the entire planet) which, like Berkshire Hathaway doesn't pay a dividend. Along with Jim Rogers, Google and Apple the Shyster of Omaha also holds over $100bn in "worthless paper" USD and its equivalents.
Since May, gold (and silver) has been on a tear. Because financial news is transported by bare-back riders on the Unicorn Express, new all-time highs in Poodles are just one or two Poodles higher each time. One exception was Tuesday, when gold hit YET ANOTHER all-time high in "nitroglycerine" Poodles of £1,271.11 only to be smashed down for the afternoon fix to about £1,232 and then held there (about $1,500) until after the morning LBMA Fix. The Commitment of Traders saw the bullion banks go HUGELY short last week, just as they always do when the gold price spikes. It reports as of close of business Tuesday and is published on the Friday.
Meanwhile, negative interest rate bonds now exceed $15trn as every commentator has noted. This is since China called a halt to accumulation of reserves in 2015. The inverted yield curve shows the Great Satan can't afford to borrow at longer dates. Alan Greenspan has "helpfully" offered that arbitrage should encourage buying of Great Satan bonds.