Today’s “SURPRISE” Central Bank intervention in the markets has achieved its desired effect for today. Stock markets are soaring, enriching the 1% who own all the stocks. The real reason this coordinated effort happened is because the world is broke. No one can pay anyone back. The banks are insolvent. Ben Bernanke can not let the USD get stronger or his master plan to deflate away our debt burden by screwing China and anyone else who has been foolish enough to loan us money. The USD had gained 6% against the world’s currencies in the last month. That was unacceptable. Today’s move immediately debased the USD by over 1% in a matter of seconds.
These desperate moves by desperate bankers and politicians will ultimately lead to the conclusion reached by John Williams in the interview below. His prediction is hyperinflation by 2014. Sounds reasonable to me. Every action taken by central bankers and politicians on a daily basis convinces me there is no other outcome possible.
GOT GOLD?
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