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Peter Schiff presents to us real Janet Yellen's background vs the ongoing media PR campaign, her intentions and "the new FED policy".
"For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.'s - I didn't see any of that coming until it happened. "
The crisis is not about "NOT raising the debt ceiling" - it is about the raising debt ceiling, it is about more debt. It is very bullish for Gold and Janet Yellen will be even more accommodative in her policies.
China knows where this is all going and preparing itself for the moment when US Dollar is no more the world reserve currency. China is buying Gold by the tons now and taking physical delivery. Peter Schiff is buying more Gold mining stocks now: "I buy the dips and accumulate."
Andrew Maguire presents to us the chronicles of ongoing war behind the curtain with FED defending the US Dollar at the crucial level 0.80 and how the FED's #1 Gold Prime Dealer Goldman Sachs operates in the Gold market. Now we have more information on why Goldman Sachs has issued the Sell Call on Gold last Wednesday.
All these revelations will never lead to the higher Gold prices without Buyers and one can argue that this manipulation can go forever. According to the Andrew Maguire the key crucial difference now is that Central Banks are buying and, particularly, China is taking all available Gold for physical delivery now.
"Peter Schiff gives us a great big-picture view on the latest developments in the markets and, particularly, ongoing Gold manipulation. Separating the Hype vs Reality he provides the explanations on the Janet Yellen's real track record and her intentions, describing the implications of her ascendancy to the FED Chair for the ongoing debasement of US Dollar and Gold."
"While a lot of people are still wondering why the Gold is beaten down again, it is important to keep the big picture in front of you. As it is happening with Copper now the main player in this market is the same - China is on track to implement state level plan to diversify US Dollar based assets.
We would like to share with you brilliant report conducted by Jan Skoyles on this subject."