Stocks continue to march higher as the world waits to hear the jawboning
of Janet Yellen and other key officials in the upcoming Jackson Hole meeting.
Over 85% of market participants that were asked stated that
they believe the FED is going to have a Dovish stance when it comes to
interest rates. And why not? Why would they take action and try to curve this
reckless economy before it completely goes over the edge?
The answer, of course, is because they don't care. Stocks are moving
higher and the elite are making bank. They are cashing in on this global
Ponzi scheme that is known as fiat money and they are riding this gravy train
until it all blows up, hoping to leave the middle class holding the bag as
they have done countless times throughout history.
Janet Yellen will put on her "dog and pony" show, attempting to
confuse the masses with a large string of complicated and confusing words,
while the bankers and other financial key figures that her speech is actually
targeted towards know exactly what she's saying: "Keep those printing
presses running!"
A large list of excuses will be interjected in her speech, most notably
the recent BREXIT results, which you can rest assured she is going to cite
more than once.
But will she touch on the fact that elections are upcoming? Or her
candidate of choice, Hillary Clinton, is running on a platform of
"staying the course" and continuing on the "legacy" of Obama,
one of the worst presidents in American history?
The FED knows that they cannot rock the boat before elections. They know
that if anything, they must not only maintain, but directly try to influence
the markets in the short term, stimulating and adding fuel to the already
blazing fiat fire in any way that they can.
Causing a near term collapse in the economy by removing the proverbial
punch bowl is not an option for the global elite. They already made a huge
miscalculation in the recent BREXIT campaign and they will do everything they
can to stop the people from taking the bull by the horns.
They will do everything they can to keep Donald Trump out of office.
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Nathan McDonald is a libertarian, entrepreneur and precious metals
enthusiast. He has always taken a keen interest in free markets and
economics since an early age, which naturally led him to become a true
believer in precious metals and all that they stand for.
Nathan served eight years in the Royal Canadian Navy as an
electronics technician, seeing the true state of the world, before starting
his first successful business. He has since gone on to create a number of
businesses, all of which are still in operation and growing.
In addition to this, Nathan runs a network of successful precious metals
blogs, and a growing newsletter that has attracted readers from all around
the world.
He is a regular and highlighted writer for the highly respected
Sprott Money Blog, which covers world events, geopolitics and of course
precious metals.
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The views and opinions expressed in this material are those of the author
as of the publication date, are subject to change and may not necessarily
reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the
accuracy, completeness, timeliness and reliability of the information or any
results from its use.
