The Road to Bullion Default: Part I - TheStreet
It's important for readers to understand that there is no way the
newly announced money-printing has been (or could ever be) "priced into"
metals markets. As the simplest of tautologies, you can never "price in" infinity
into any market. Open-ended/unlimited money-printing means nothing less
than an endless spiral higher in asset prices -- until all this
banker-paper meets the same fate as all previous fiat currencies: utter
worthlessness.
Obviously, over the short term, asset prices have not been
allowed to move higher. The mechanisms for this manipulation are now
well-known to sophisticated investors. While manipulative automated-trading algorithms
allow the banksters to lead market Sheep around like the Pied Piper;
the banksters' massive derivatives casino literally allows the bankers' gambling on our markets to dominate the markets themselves.
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