Gold has made a sharp drop today as it still winds its way down. The concern that reaching a budget deal will also help the Federal Reserve to reduce its bond buying is on point. The budget agreement is another factor that goes to the heart of the gold propaganda machine that we would be facing hyperinflation so buy gold. The idea that the Fed stimulus is even remotely inflationary is absurd when there is over $2 trillion in excess reserves at the Fed because the banks are not lending. The banks have been dumping their crap on the Fed but they have been trading with the money parking in excess reserves while not lending anything out. Sorry – but you just have to look at ALL the facts, not just the so-called buying of $85 billion per month. Where is that money actually going? Is it doing anything but increase the cash banks trade with? Gold is headed lower. There is no dispute on that one.
Gold Tumbles On Pending Budget Deal
Posted Dec 12, 2013 by Martin Armstrong |
Categories:
Uncategorized
Blog Alerts
Related posts
Biden Wants Banks to Report All Transaction over $600
October 9, 2024
Hurricane Update
October 1, 2024
Hurricane Outage- Blog Delays
September 30, 2024
Socialism
September 29, 2024
Labor or Marxist Day?
September 2, 2024
Blog Categories
- Armstrong Economics 101
- Armstrong in the Media
- Behavioral Economics
- Books
- Forecasts
- Great Divide
- History
- Hong Kong
- Humor
- Immigration
- International News
- Africa
- Australia & Oceania
- BigTech
- BRITAIN
- Canada
- Caribbean
- Censorship
- Central America
- China
- Collectibles
- Crime
- Democracy Crisis
- Disease
- East Asia
- Eastern Europe
- Emerging Markets
- Entertainment
- Ethics
- European Union
- France
- Germany
- Great Reset
- Greece
- HongKong
- Hungary
- India
- Insurance
- Iran
- Ireland
- Israel
- Italy
- Japan
- Latin America
- Lock Down
- Lockdaown
- Media
- medicine
- Mexico
- Middle East
- Migraction
- Migration
- Nature
- North America
- North Korea
- Poland
- Police
- Politics
- Revolution
- Rule of Law
- Russia
- Scandinavia
- Science
- South America
- South Asia
- Southeast Asia
- SPAIN
- Switzerland
- Taiwan
- Thailand
- Turkey
- Ukraine
- Vaccine
- Western Europe
- Market Talk
- Markets by Sector
- Plagues
- Products and Services
- Q&A
- Real Estate
- Uncategorized
- Upcoming Events
- webinars
- World Events
- Banking Crisis
- Bio Technology
- Capital Flow
- CENSORSHIP
- Central Banks
- Civil Unrest
- Civilization
- Climate
- Conspiracy
- Correction
- Corruption
- Cryptocurrency
- Education
- Freedom of Speech
- G7
- Geopolitical
- Gov't Incompetence
- Human Rights
- IMF
- Immigratin
- Immigration
- Interest Rates
- Monetary Reform
- NATO
- Neocons
- New Norm
- Pension Crisis
- Police State
- Population
- Press
- Private Money
- Propaganda
- Religion
- Separatists
- Sovereign Debt Crisis
- Student Debt
- Technology
- Terrorism
- The Hunt for Taxes
- Traders
- Tyranny
- Violence
- War
- WEF
- WOKE
- World Health Organization
- World Trade