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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.08

0.0%

Feb 2 4:00 PM EST

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To: Sun Tzu who wrote (113123)	11/13/2020 2:02:35 PM
From: Real Man	Read Replies (1) of 116958

It’s about the degree. The Fed always manipulated markets, but lately (after 2008 near total derivative market meltdown) it went into overdrive. If the Fed did not interfere in 2008, we would have the worst 30 year depression ever for US economy. Now we are sailing happily. Consider the cause of 2007 crisis: bond rating on mortgage instruments do not correspond to reality. Right now bond ratings on treasuries do not correspond to reality. Last time I checked the rating was AAA. Reality is a D rating (default). While treasuries are still paying interest, USA has to print money to pay it. This is not good, it’s default in reality because the country isn’t paying its debt in full as it’s currency is being devalued to make the payments. en.wikipedia.org The bond and stock markets of a country are tied to it’s sovereign debt, so everything goes to shit in a hand basket once that goes to shit.

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