This Is Going To Shock World Financial Markets

http://kingworldnews.com/this-will-shock-world-financial-markets/

I believe we will have unlimited money printing in the next few years which will lead to hyperinflation. Thereafter we are likely to see a deflationary implosion. But if I will be wrong and severe deflation comes first, the world financial system will not survive. In that case, gold will become the only money available and therefore extremely valuable. Thus, physical gold will be the best protection both against inflation and deflation.”

This Will Trigger Major Dislocations In World Financial Markets

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/8/16_This_Will_Trigger_Major_Dislocations_In_World_Financial_Markets.html

We Are Seeing Dislocations In Many Financial Markets

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/3_Rule_-_We_Are_Seeing_Dislocations_In_Many_Financial_Markets.html

With specific regards to the gold trade, you are seeing a continuation of private buying of gold, and institutional selling of gold.  I think some of the institutional holders are credit-constrained, but there’s strong, strong underlying demand from individuals, wealthy people if you will.

So I think you are seeing a change in the holders of gold, away from the hot money, small hedge fund type of commodity speculator, who was buying gold in a momentum driven greed trade, to private holders who are buying gold as I have always bought gold, in the context of a fear trade.

The Plunge Protection Team at work again

I've blogged about the President's Working Group on Financial Marks a few times in the past. It was created by President Reagan with Executive Order 12631 as a means to short-circuit a financial market meltdown, in response to the 1987 stock market crash.

The President's Working Group was dubbed the Plunge Protection Team (PPT) by Washington Post writer Brett Fromson in this 1997 article.

This recent article concludes the PPT has been working overtime to prop up the equities market since March of 2009.

http://finance.yahoo.com/news/What-or-Who-is-Driving-up-etfguide-1348236303.html?x=0&.v=1

The significance isn't that the PPT exists--it's decreed in the Executive Order, after all. The fact that it's an article that has surfaced on Yahoo Finance means the PPT is no longer a figment of the imagination of conspiracy theorists, but is now being exposed to mainstream financial pundits. I will leave it up to readers to form their own judgments on the implications on financial market rallies and the overall economy. Even the phrase "jobless economic recovery" is an oxymoron.