Citibank Calls for Helicopter Money Drops across Globe
MoneyMetals.com
September 21st, 2015
A quietly panicking Janet Yellen and the Federal Open Market Committee (FOMC) decided the U.S. economy still isn’t ready for an interest rate hike last week and left the Fed funds rate at essentially zero – the same level to which the Fed’s credibility has now sunk.
After incessantly hyping the notion an economic recovery would allow the “normalization” of interest rates, the decision not to act suggests the economy is much weaker than they have attempted to persuade us.
And it may be getting worse.
Injecting monetary stimulus is easy – any old fool can do it. Removing the extraordinarily easy money after cultivating an addiction in bond and equity markets over most of the past decade, turns out to be hard. Maybe downright impossible.
In any event, precious metals, which were shunned in the futures markets throughout the summer, finally got some love. Silver gained nearly 4%, and gold prices rose nearly 3% for the week.
The Rest…HERE
