Loading ...THE PRECIOUS METALS “REALITY PUT”
It’s Friday afternoon, and I’m going to start today’s article with a handful of “theater of the absurd” headlines and news items – cumulatively, depicting how the “propaganda leg” of the TPTB’s “evil tripod” of money printing, market manipulation, and propaganda has not only broke, but been shattered to pieces. Remember, there are 7.3 billion people on the planet – each with savings to protect; and each reading the same, increasingly blatant lies from the “evil Troika” of Washington, Wall Street, and the MSM. Here at the Miles Franklin Blog, we seek to empower you to make correct financial decisions – and by shining the light of reality on such lies, which seek to separate you from your money, we hope to objectify your personal due diligence process.
To wit, this article by CNN Money objectively demonstrates the massive, accelerating trend of foreign governments selling U.S. Treasury bonds; and none more than China – which, along with Japan, is the world’s largest Treasury bond holder. And yet, Treasury yields continue to plunge, with the 2.03% yield on the benchmark 10-year bond sitting at a five-month low. Not to mention, given the 225-year range of 1.5% to 16.0%, it is within a handful of basis points of its all-time low. In other words, someone is buying countless billions of Treasury bonds hand over fist – which, as I noted in December 2013’s “proof of the tapering mirage,” and October 2014’s “end of QE – LOL,” mathematically must be the Federal Reserve. No other entity on the planet has such “money” to spend, nor the motivation to buy securities of the insolvent U.S. Treasury at record high prices. In other words, it’s the U.S. government is unquestionably the “buyer of last resort” – of Treasury bonds; stock and crude oil futures; and naked short positions in paper gold and silver.
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