They discuss the US and global stock markets, the US dollar, and the outlook for gold.
Markets
World’s Major Central Banks Reaffirm QE to Infinity in Past 12 Hours
The US Fed, Bank of Japan and ECB have all in the past 12 hours announced an extension of QE policies.
The US Fed said it will prolong its $85 billion per month printing spree.
The Bank of Japan this morning “maintained its commitment to unprecedented monetary easing.”
While news is just breaking that the ECB announced its temporary currency swap lines with other central banks will become permanent.
Coincidence that this all happened in the past 12 hours? It’s a way of debasing currencies at the same time, so the market doesn’t single out either of these currencies in a speculative attack. It would seem that these money printing announcements are being carefully coordinated and timed so these currencies weaken together.
Must Watch Commentaries on the Fed’s Non-Taper
Watch both and listen carefully to the commentaries of two very big names in the world of investing and asset management. In particular their comments on the insanity of continuing with QE at the current pace, who benefits the most from this (the wealthy such as them), and the inevitable major collapse this sets the market up for.
Watch this clip from 8 minutes in if you can.