Former Fed Chairman Volcker Says the World Has a Monetary "NonSystem".
In this report, I cover the early market action from London on Wednesday, October 31st, 2018. I look briefly at the precious metals, the stock market, the dollar, the bond market, and the oil price.
Today, after the rebound in stocks yesterday, I look a bit closer at the technical picture for the Dow, the S & P, and the Nasdaq 100 indexes. For me, the technical picture is saying stocks are not out of the woods yet as the short-term moving averages are keeling over towards the longer term ones.
I look briefly at the recently presented U.K. government budget and how the government is taking a gamble and increasing spending based on the premise that the public finances will improve.
Last, not least I look briefly at former Fed chairman Paul Volcker's newly published book and how he notes that the present international monetary system is a "nonsystem".
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Yes the story is very positive!
Paul Volcker is from the family that controlled Braun Brothers Harriman which was connected to the Rockefellers. (cited from "The Secret of the FEDERAL RESERVE" by Eustace Mullins not verbatim)
Actually, in the book Mr. Volcker talks about his family and both sides of his family came from Germany and had nothing to do with Brown Brothers or the Rockefellers. I have read Mullins' books but I have to say he is wrong about that. He did work for Chase Manhattan Bank for several years and that bank was a "Rockefeller" bank if you'd like to call it that but it does not mean to say that everyone that works for them is related to the Rockefellers.
"Silver spot price drops $0.19 as it cuts the wake of the 50 day RA and dives south! Blye me! More poor winds maties, but the Hold Cycle is still intact as we see that the 10 day is still north of the 50 day. Tenacity men! Tenacity!" - Cap'n
https://steemit.com/silver/@joshuaslane/silver-cycles-strategy-of-buying-selling-and-holding-silver-28oc18-how-it-works