Showing posts with label taper. Show all posts
Showing posts with label taper. Show all posts

Wednesday, September 25, 2013

Peter Schiff Was Right - 'Taper' Edition

Peter Schiff and I were right all along.  The Fed is trapped so they cannot taper QE.  And if they had tapered, markets would crash, and they would have to reverse course and gin up QE even more.  Which means they lose whatever little credibility they have left.

But the Fed and all the experts have to jawbone tapering/ending QE.  Hell, they've been cheerleading economic "green shoots" since the recession "ended" in 2009.

I like how the consensus mocked Schiff, as they did in 2006 when he rang the alarm bells.  And then the clowns, er...the "pundits" on CNBC have the gall to say "nobody saw it coming."  What a bunch of shills...

Janet Yellen will regret winning the appointment as Fed Chairperson because the USS Titanic will sink on her watch.


http://youtu.be/Tak9ODlBJgM

Keiser Report: Banksters' God Complex


http://youtu.be/QkTb8FrQ9ow

Wednesday, September 18, 2013

Fed Doesn't Taper: Gold Surges

Click on Image to Enlarge
Ben Bernanke announced the Fed won't taper QE, which is what I've been predicting all along.  Despite continually overstating GDP growth, QE is in place to prop up a malignant banking system.  It does NOT promote economic growth, despite what the financial cheerleaders proclaim.  Remove or taper QE, and the house of cards collapses.

Even whispers of a taper produced a plunging equities market earlier this summer.  An actual unwinding of Treasury bond and mortgage-backed securities purchases would spike 10-year yields, which nobody wants, especially the housing industry.  Hence, a taper today would require additional debt monetization down the road, which would destroy whatever little credibility the Fed has left within capital markets.  QE to infinity, bitchez!

Meanwhile, gold surged.