21 August 2014

Gold Daily and Silver Weekly Charts - No Sustainable Recovery From Serial Policy Errors

There are those who think that we are back to 'normal' and that The Recovery is already sustainable.

This is no recovery. This is the propagation of financial bubbles, systemic corruption, and serial policy errors that support them.

The growth in the US economy is still coming primarily from the growth of paper assets and not from any underlying activity in the real economy.

This is not stimulus. This has the complexion of a control fraud.

Have we no shame? No sense of decency?

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.

Have a pleasant evening.