The Repo Market Is Not Out of the Woods and that Could Mean QE.
In this report, I cover the early market action from London on Friday, September 20th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I will revisit the repo market as it seems that the "chaos" seen in this so-called "Plumbing of Wall Street" has not abated. The Federal Reserve has had to intervene for three straight days in order to keep Wall Street ticking over. Many commentators now expect the Fed to have to resume their policy of Money Printing or QE.
I also look into the gold market and the recent headlines about three JP Morgan bankers being accused by the DOJ with racketeering charges for rigging the gold price. I will show that one of the bankers, Michael Nowak, is also a Board Member of the LBMA or London Bullion Market Association and how closely these people also work with the Bank of England.
I will reference Ronan Manly of Bullion Star to show where the gold price could be if it wasn't for the constant manipulation of the gold market by the Central Bankers (Bank of England and Fed) and their agent Bullion Banks like JP Morgan.
My conclusion for the day is that we need to keep a very close eye on the Repo Market and that it could be pointing to trouble not just on Wall Street but also for the whole financial system.
"Rothschild Emerges From The Shadows For The Centenary Of The London Gold Fixing": https://www.zerohedge.com/commodities/rothschild-emerges-shadows-centenary-london-gold-fixing
LBMA Board: http://www.lbma.org.uk/committees
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Thanks Mario. We know that debt based currencies will need to keep expanding or implode as there is never enough currencies to pay off what was borrowed. I am wondering is the real problem more like they are running of out physical things as collateral to keep the fiat supply growing.