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Solid
red line is the G/S Ratio.
Dotted
brown line is the 30-year bond yield, dotted green
is the US dollar.
As
illustrated in the 2nd chart, gold is miles ahead of where the FF rate should
be. As this second chart does not yet reflect the recent upward swing in the
10-year bond rate, the historic evidence clearly points that higher rates
will be forthcoming.
The
Fed can only manage the FF Rate de jure, other bond rates are established by
the market - although the Fed CAN monetize this debt by buying it with more
newly created fiat money which we suspect they have been doing right along. If
not already apparent to most, higher prices for the things we need and buy
will be the evidence of reckless money creation of unretired
debt.
Power
to the Bankers!
Got
Gold?
 
By :
Charleston Voice
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