by irdadmin | Jun 29, 2020 | Financial Markets, Gold, Market Manipulation, U.S. Economy
I’d like to thank Jay Powell and his marvelous printing press. The equity side of my investment fund, which I manage, is 100% mining stocks – mostly juniors – and as of today it’s up 100% QTD. Thank you Jay. Almost every stock we hold is...
by irdadmin | May 25, 2020 | Financial Markets
Scott Pelley, “60 Minutes:” “Where does it [money] come from?” Do you just print it?” Jay Powell: “We print it digitally. So as a central bank, we have the ability to create money digitally. And we do that by buying Treasury Bills...
by irdadmin | Apr 10, 2020 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
“You [the public] are the sucker. Your role in the Federal Reserve System is to absorb losses [on the crappy assets the Fed buys off of bank and hedge fund balance sheets]…The Fed is there to facilitate your absorption of those losses and that’s...
by irdadmin | Jul 11, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“You’ve assigned us the job of two direct, real-economy objectives: maximum employment, stable prices. If you assigned us [to] stabilize the dollar price of gold, monetary policy could do that, but the other things would fluctuate and we wouldn’t...
by irdadmin | Jul 9, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Jerome Powell will deliver the Fed’s semi-annual testimony on monetary policy (formerly known as the Humphrey-Hawkins testimony) to Congress this week. He’ll likely bore us to tears bloviating about “low inflation” and a “tight labor...
