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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (101865)7/13/2013 8:11:50 AM
From: dvdw©  Read Replies (2) | Respond to of 219855
 
Nonsense.



To: carranza2 who wrote (101865)7/13/2013 9:34:05 AM
From: Haim R. Branisteanu1 Recommendation

Recommended By
Fiscally Conservative

  Respond to of 219855
 
Well the article is a way too negative even that I agree that inflation is around the corner and the stock valuations and RE valuations are based on 0.25% interest rates.

As soon as real interest rates will come to realistic pricings stocks can be easily drop up to 50%. Similar fate with RE even with the 3% spread over the 10 year treasury.

Fact is that the FED got scared and therefore indicated a practical non - ending QE to calm markets



To: carranza2 who wrote (101865)7/13/2013 6:51:27 PM
From: TobagoJack  Read Replies (1) | Respond to of 219855
 
continuation of the e-mail thread re cb and gold Message 29001590

From: W
Sent: Saturday, July 13, 2013 11:48 PM
Subject: Re: Bank Gold Exposure


D,

Legally the banks are definitely agents of the CBs, chiefly the Fed.This has to be the case for the façade of CB leasing to agent banks to work properly. The CB contracts out to their agent banks to ‘lease’ gold to them. The BBs sell the gold into the mkt but give the Fed a repo agreement with an undefined maturity. This repo agreement is just kabuki theatre, the players know these are actually sales of gold to cap the price. So you asked the right question. Functionally the BBs who are the most important Fed shareholders are really the puppetmasters, but legally they are agents in these transactions.

Kind regards,

B

From: D
Sent: Saturday, July 13, 2013 11:15 PM
Subject: Re: Bank Gold Exposure


Thanks B,

You've given me lots to think about.

I am at a remote mine site until next week so please pardon a delay in responding while I ponder and until I get back to my computer.

One quick point that stands out to me is the question of agency. That is a very specific term.

And who is the agent for whom? Are the banks agents of the c.b.'s or vice versa. I would argue the latter as our society has essentially been looted by the banks.

Best regards,
D