
The graph speaks for itself. But in case it’s not clear, the graph compares the “Monetary Base” which is the narrowest definition of money supply vs the S&P 500 weekly closes since 1/1/09. The conclusion drawn is that the “recovery”, at least as it is defined by the stock market, is 83% a function of the PRINTING PRESS!
Indivisible: A Blovel About The End of America
Excerpts...
“...the selloff started about midway through the session with rumors swirling about the cash strapped Bank of Japan liquidating half their U.S. Treasury holdings. Prices on the ten year plunged taking yields up one hundred basis points over a span of about eight minutes. Record volume led one trader to speculate that the Central Banks of the U.K., Saudi Arabia and China were stepping in to halt the U.S. bond collapse. Yields seemed to level off for about a half hour but then the frantic selloff resumed”
source: P63Download ‘Indivisible’
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