Where the Federal Reserve gets its money is perhaps one of the most misunderstood of all financial topics. It's also vital - because if the Fed is to finance the national debt, it needs to have sources..
Marc Faber 'Dr Doom' joins us to provide his take on the latest actions in the the markets, the central banks, interest rates, insane government policies and stupid politicians..
The coming year is particularly uncertain. The economy could be wildly different based on how certain events unfold. To use a favorite central banker term, it is “path dependent.”
The resulting acceleration and amplification of gold’s breakout rally will start enticing investors to return, fueling a major upleg. Fed tightening shouldn’t matter, as Fed officials talk tough but rarely..
To my eye gold is the most bullish looking market on the chart above. A nice, long-term Cup and Handle with the Handle still in construction. But if history is a guide, gold would remain under pressure..
The FOMC minutes showed a much more hawkish Fed than markets had been expecting. They specifically highlighted their concerns with inflation (no longer transitory).
So, even if all the new jobs were filled right away AND the number of jobs remaining open dropped by 529,000, that still leaves 3.76 million people who quit and did not take a job.
Inflation “stuck” and currently unrelenting at multi-decade highs. Imminent (obvious) Fed tapering commencement, but now, with actual balance-sheet runoff (QT) potential..
Without question, investing in the precious metals sector has been a pain in the ass for nearly the entire 20 years I’ve been involved. The official intervention, which has become shamelessly blatant..
