Reckless Central Banksters And A Once In A Lifetime Event
Reckless Central Banksters And A Once In A Lifetime Event from King World News
With stocks moving higher and gold and silver continuing to consolidate recent gains, here is a shocking look at reckless central banksters and a once-in-a-lifetime event.
Reckless Central Banking
September 12 (King World News) – Here is what Peter Boockvar noted as the world awaits the next round of monetary madness:
Peter Boockvar: Here is the US debt clock which has now exceeded $20 trillion:
Do any of the Federal Reserve members over the past 10 years (as this figure doubled) that repeatedly voted for ZIRP and multiple rounds of QE feel any complicity for this debt explosion? If they don’t, they should as they enabled this via policy and the global yield grab…
Peter Boockvar continues: The pound is ripping higher to a one year high vs the US dollar as the BoE continues to twiddle its thumbs as its citizenry sees their standard of living and purchasing power being damaged by policy that has never been so extreme in the history of the Bank of England that began in 1694. I’m sorry to the BoE but to not at least take away the emergency rate cut implemented soon after Brexit in light of what has transpired since in terms of inflation, growth and the negotiations is just reckless central banking in my opinion.
About that hurricane…
Jeffrey Saut, Chief Investment Strategist at Raymond James: Residents of the Tampa Bay area needed to break out the Rolaids over the past few days as Hurricane Irma rolled up the west coast of Florida, leaving the southern part of the west coast in devastation. Our hearts go out to the folks south of us, as the pictures we see are horrible. As we did with Houston, we will be sending aid to our Florida neighbors. Fortunately for Tampa Bay, Irma wobbled into a northeast track with the eye of the storm hitting about 30 miles east of here. Well, it wasn’t really an “eye” at that point since the center of the storm had collapsed in on itself. The result was the predicted 130-140 mph winds that were forecasted for the Bay area the night before turned into 80 mph top-end gusts.