This "never ending QE" (aka QE to infinity) is reminding me of the old Vietnamese Imperial city on the Perfume River...Hue.
- The place that 'had to be destroyed to save it.'
Now we Have unlimited QE. Huzzah! The day is saved!
- But the Dollar had to be destroyed to save it.
Bloomberg predicts that Gold will reach $2250 and Oil $153 by 2014 as the Fed expands its Balance Sheet.
Bank of America, in turn, says that Gold will reach $3350 and Oil $190 by 2015, with the Fed having added $2.2 trillion in MBS and Treasurys to its current Balance Sheet of $2.8 trillion...in 27.5 months.
- The $5 trillion Fed Balance Sheet will then be 30% of the US GDP.
Let's just use round numbers and say Gold hits $3500 and Oil $200. In a couple years.
- We need to get used to adding lots of zeros to our numbers in future anyway.
UNSPOKEN is that this policy screws holders of the Dollar, Treasurys, and people on fixed-incomes.
- They are all going to be financially sheared, and many will then be financially slaughtered.
Sunday, 16 September 2012
Saving the day by destroying the Dollar?....................from Rico
From Theo Spark at 11:00
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