“The 2008 financial crisis unleashed a chain reaction that turbo-boosted the influence of central bankers and triggered a massive shift in the world order. Central banks and institutions like the IMF are overstepping the bounds of their mandates and directing the flow of money without any checks and balances.Meanwhile, the open door between private and central banking ensures endless manipulation against a backdrop of government support.”
Nomi Prins, Collusion: How Central Bankers Rigged the World
Gentlemen! Itoo have been a close observer of the doings of the Bank of the United States.I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country.
When you won, you divided the profits among you, and when you lost, you charged it to the Bank.You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families.That may be true, gentlemen, but that is your sin!
Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out.”
From the original minutes of the Philadelphia bankers meeting with President Jackson February 1834, from Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels
According to the spokesmodels “the correction is over and everyone is back into buying.”
Maybe so.But the market remains poorly founded, and vulnerable to even a relatively mild external shock.
When any market is this poorly regulated and overfed on hot money, one might well expect higher volatility and swings.
Let’s see how the CPI number comes in later this week.
And not ignore the low rumbling boil coming out of the Middle East.
The Dollar gave back some of its recent gains, falling from overhead resistance back down to the 90 area from 90.33.
Gold and silver drifted up a bit.The stocks of physical gold available for immediate delivery remain rather low.
The huge ‘infrastructure’ proposal was the usual joke we have come to expect from a congress and white house with their noses firmly buried in the fetid swamp of their big donors.
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