In One Day The Fed Pumped $142+ Billion Into the US Financial System
Last week the fed injected 203billion into the US financial system which was the largest monetary injection of this scale since the ’08 panic. This week on Sept 24, they pumped in 142+ billion in just one day!
In a fed released statement on September 17, 2019 it appears that the repo has been introduced to suppress interest rates:
One thing seems clear, QE is back and the US Federal Reserve will continue to lower interest rates.
This week, Celente also shared his views on the repos, the global economic slowdown and a trend forecast saying gold will spike to $2000 before the “Greatest Depression” strikes.
Frank Holmes – The Fundamentals Back Up $10,000 Gold
Analysts and CEOs who have historically been conservative with their gold price calls are now forecasting levels above $10,000 in the long-run, and Frank Holmes, CEO of U.S. Global Investors, said that fundamentals back up these numbers.
The World’s Banking System Is Seizing Up Just Like it Did in 2008
In this audio interview, Alasdair Macleod discusses his thoughts on the global chaos at the moment.
Alasdair believes we are coming to the end of the expansion phase of the credit cycle. With central banks stocking up on gold and the fed injecting the banking system with money, Alasdair believes the global banking system is seizing up, much like it did in 2008. What does this mean for gold and silver? Alasdair says to prepare for fireworks:
“The potential demand for gold from people trying to get out of paper currencies is absolutely enormous and is likely to swamp the available amount of gold at these prices.”
Bitcoin Breaks Below The Support & Gold Surges Above $1530
“Bitcoin has finally broken below the support line of the large descending triangle it has been carving out for months. This is a very a bearish technical pattern, and it confirms that a major top has been established. The risk is high for a rapid decent down to $4,000 or lower!” – Peter Schiff
Greyerz – The Explosive Phase in the Precious Metals Market Has Just Started
The principal reason there will be an explosive gold market is that we will have implosive asset markets and unlimited money printing. Debts, stocks, property as well as paper money which are all massive bubbles are going to implode in real terms in the next few years and lose 75% to 95%+ against gold.
