The Fed can’t taper, why you ask, well no one else wants to buy their worthless paper bonds and treasuries, that’s why. The fiat (‘let it be so’ in Latin) experiment is coming to an end and they have no other option but to print. The meeting highlights from the FOMC:
*FED REFRAINS FROM QE TAPER AND KEEPS MONTHLY BUYING AT $85 BLN
*RISE IN MORTGAGE RATES AND FISCAL POLICY RESTRAIN GROWTH
*’TIGHTENING OF FINANCIAL CONDITIONS’ COULD SLOW GROWTH
*MOST FED OFFICIALS SEE FIRST INTEREST-RATE RISE IN 2015
while quaffing champers and having a laugh following the 10 year Treasury yield up 80+% in 6 months
It’s a positive move for gold until its smacked down tomorrow in the morning London Fix, bring on the revolution and for market manipulation to be removed, as well as the manipulators from the system and let’s reset it to benefit all instead of the few. Debt moratorium for all of the public, mass incarceration for the bankers, politicians who allowed this to happen and the elites who are pulling the strings.