Become a Patron

Subscribe on
iTunes    Android
YouTube    RSS

Gold Daily and Silver Weekly Charts – Metals Capped While the Stock Market Flies on Hot Money

from Jesse’s Café Américain

Draghi lit the markets’ fire with hot money pledges in Europe, but the metals were firmly capped.

This is standard operating procedure, especially on the day before a Non-Farm Payrolls report.

Intra-day commentary on single currency monetary theory and political organization here. It amazes me how few people seem to understand this. A single currency, which therefore dictates a single monetary policy, cannot span a political geography that does not have a tightly unified fiscal arrangement including transfer payments and revenue adjustments to accommodate regional conditions. Period.

This is why the push for a single world currency, while maintaining the promise of national independence, is a malignant myth of the would-be money masters.

Continue Reading at…

Comments are closed.