Bank of England Admits QE Leads to Higher Bullion Prices!
In this report i cover the early market action from London on Wednesday, June 27th, 2018. I look briefly at the precious metals, the stock market and the dollar.
I also point out that after a visit to the Bank of England yesterday I found out at the central bank actually admits that unbacked money printing or printing money out of thin air leads to the debasement of the currency, higher inflation and higher gold prices.
At the same time though the Bank of England admits that nowadays money printing or QE in order to keep debasing the currency by 50% every forty years. One of my conclusions is that hiding things in plain sight is the best way to keep things hidden and the Bank of England is a master at it.
So it wasn't surprising that as I exited the Bank of England Museum to my left was the Staff of Hermes which in mythology was carried by Mercury, the messenger of the gods, guide of the dead, and protector of merchants, shepherds, gamblers, liars, and thieves!
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Very drool 😏
really very good update of market you showing in your blog.. I like videos and love to watch and comment on your videos, because you are very quick to respond to a comment that I give, so I always give you support. thank you for sharing knowledge.sir @maneco64
Great your update about the economic market. Thanks @maneco64
This is a interesting content.
Bank of england do it for their sake.
Nothing to say about it.
Thanks for sharing sir @maneco64.
good blog. thanks for sharing your experience and post.
They do it for their sake even though it will result in inflation.
@maneco64 Great Point !!
The main reason for inflation is printing paper money which is not backed by any assets and due to inflation currency loses its buying power. hence leads to price rise of goods and services
Its all linked.
good information
Indeed I always find looking in plan site you find the truth you'd be surprised what you can see out there without looking too deep. I think sometimes people go head long down the rabbit hole and dont even look at the entrance 💯🐒
Hey Mario is there an EOS wallet which supports airdrops yet ? Currently have EOS on exchange but not getting airdrops cheers