The ECB “united front” and other central banks around the world
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ECB finally does something after so much talk for so long. This should boost the markets including oil. Cnbc was ignoring Draghi’s live speech this morning with no sound while the talking heads were busy with useless talk. BNN showed the speech live. Bloomberg ignored it too. Looks like they don’t think much of the ECB in the US.
Curious Paul, why would this boost oil? the action by the ECB will continue to devalue the Euro$ driving up the US$ and that’s negative for all commodities
Notice oil rose from about 10am today with the dollar rising through out the day. Oil can still rise with the dollar going up. The fed will try and control the dollar as it will weaken the US economy and they would not want oil to fall too far either as that damages the big oil industry including wiping out shale oil.
Draghi and Yelled all central banks and Banks are controlled by the same MAFIA ! Look dis and stop the complacency ! https://www.youtube.com/watch?v=Arp4xMbt5Rw
Finally he recognizes manipulation. He always claims there is no manipulation. I guess his interest is hurt too. Off course he can afford all of it.
CHECK THIS VIDEO…………….GOLDMAN SAKKERS……IS LEVERAGED 545 TIMES, in their derivatives………………….thanks……for posting………
the video is listed under franky…………..youtube…..above…….
FRanky………….why don’t you post Barnharts PART 3…..this would be educational for those who think FDIC is insuring their bank deposits………….
Matter of fact…………….post all 8 parts …..this should be good for the new comers…
The FDIC is insuring bank deposits Jerry! Every time a bank has failed this year just like in years past, they have insured those deposits. It would be good if you get your facts right.
As far as Ann Barnhart I seen some of her videos and found she says some things that are not completely accurate or true but I will try to watch this series and tolerate her errors.
Thanks, Franky. Excellent presentation. Global economy will implode in a millisecond. ALL paper wealth will vanish instantly! I couldn’t agree more: BUY, BUY!
Sorry Wayne, you are exaggerating. The Global economy will not implode in a MILLISECOND and all paper wealth will not vanish INSTANTLY. This is exactly what fear mongers do. They exaggerate things.
Very interesting write-up on the yen carry trade and gold…
http://katchum.blogspot.com/2014/11/will-japan-be-able-to-keep-gold-steady.html
Cory, this has been the situation for years since Lehman fell don’t think for a second every central bank isn’t full aware what the other is doing or about to do….just look at the dates of their rate decisions perfectly timed around each other often one creates a pop and the other takes it away just days later.
Chris your commentary about more debt is exactly what was said years ago during the first global bailouts and since then the equity markets are all way, way up, Japan’s equity market is up 90% in two years based off the BOJ action
Euro crisis get ready for a much, much, much lower Euro$ Chris and that means 95-100 US$ sending gold sub $1000