The pampered princes on Bloomberg today suggested there was selling of gold to 'raise capital' today, and that selling was being done by 'central banks.' Perhaps they need to meet some margin calls. lol.

You just can't make this stuff up.

Another QE is coming. The banks are dying on the vine and need another stealth bailout to maintain the bloated standards to which they have become accustomed.

This is a world ruled by insane people doing insane things.

I think the Wall Street crowd have gone barking mad, and imagine themselves to be veritable Bonapartes of the world economy.

And the reintroduction of their hubris to reality is coming and might be rather messy, as it will probably involve hitting some wall of their limitations to rule by their wills.

But at the time of reckoning, 'no one will have seen it coming.' And that is the way of a national madness.

By Jesse

http://jessescrossroadscafe.blogspot.com

Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In providing information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.

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