I came to realize that the only reason they didn’t manage to get the annual CPI rate of inflation down from December to January with all their category re-weighting was that they likely couldn’t.
The Idaho State House overwhelmingly approved a bill which enables the State Treasurer to protect state reserve funds from inflation and financial risk by holding physical gold and silver.
In his essay, Bykov, who attended GATA's Gold Rush 21 conference in Dawson City, Yukon Territory, Canada, in 2005, likened gold price suppression to a scheme to monopolize gold.
With inflation now running at 7.5% officially, the central bank would have to initiate 15 rate hikes of 50 basis points each in order to get out in front of it. There’s no chance that will happen!
We got our first Lehman taste in this collapse on Friday when the 2YR US treasury delivered the biggest rush in bond yields since Lehman Bros and Bear Stearns..
This gold is supplied by bullion banks via the swaps to the BIS. The gold is then deposited in BIS gold sight accounts (unallocated gold accounts) at major central banks such as the Federal Reserve.
Long-term, I am the ultimate optimist about the US economy. We are just that damn good. But in the short term, we are hobbled by a Federal Reserve that has made too many mistakes..