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Currency Creation vs. Bullion Production

Currency Creation vs. Bullion Production
20/12/2020

Currency Creation vs. Bullion Production

If you’re anything like me, reading about how much the Fed and other central bankers are grossly diluting their currency baffles you, angers you, and maybe even offends you. It’s maddening—and yet that’s the world we live in at this point in history. But there is a way to protect ourselves. In fact, it is imperative in my opinion that one implement this solution. I don’t like saying I can prove it, but the evidence here is very clear. See what you think… At the Fed’s open market committee (FOMC) meeting last week, they confirmed, among other things, that they will continue the latest pace of quantitative easing.

What got me is just how much QE they plan to do. The Fed has already conjured up nearly $3.5 trillion this year, with almost all first-world countries doing something similar. When QE was created in 2008 it was supposed to be a temporary measure. Now it’s business as usual, one of their primary tools. As their own statements says, the Fed will… “Continue to increase the System Open Market Account (SOMA) holdings of Treasury securities and agency mortgage- backed securities (MBS) at the current pace.” How much?

If you’re anything like me, reading about how much the Fed and other central bankers are grossly diluting their currency baffles you, angers you, and maybe even offends you. It’s maddening—and yet that’s the world we live in at this point in history. But there is a way to protect ourselves. In fact, it is imperative in my opinion that one implement this solution. I don’t like saying I can prove it, but the evidence here is very clear. See what you think… At the Fed’s open market committee (FOMC) meeting last week, they confirmed, among other things, that they will continue the latest pace of quantitative easing.

What got me is just how much QE they plan to do. The Fed has already conjured up nearly $3.5 trillion this year, with almost all first-world countries doing something similar. When QE was created in 2008 it was supposed to be a temporary measure. Now it’s business as usual, one of their primary tools. As their own statements says, the Fed will… “Continue to increase the System Open Market Account (SOMA) holdings of Treasury securities and agency mortgage- backed securities (MBS) at the current pace.” How much?