With the price of gold and silver surging overnight, it appears that the world monetary system has finally buckled and bubbled to the point of final termination. No wonder governments have been planning to steal money.
“And on the pedestal these words appear:
‘My name is Ozymandias, king of kings:
Look on my works, ye Mighty, and despair!’
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare
The lone and level sands stretch far away .”
(last part of Ozymandias, excerpted…by Percy Bysshe Shelley)
No Wonder Governments Plan To Steal Money
By Michael Oliver, MSA (Momentum Structural Analysis)
August 18 (King World News) – The central banks of the world are the Ozymandias of today. What they say, do, whisper, insinuate, etc, those are the crumbs that many observers watch, turn over, interpret, and base investment analysis upon…
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Pedal To The Floor To Fix The Prior Busted Bubble
It’s the central banks that have, with regularity, created the so‐called boom‐bust cycles of several generations. Oh sure, those cycles conveniently and falsely are attributed to voluntary market forces, but are retraceable to central bank policies. It’s been a recurring pedal to the floor monetary policy for decades, then interrupted by “oops we went too far,” then some tightening policies that have clearly marked the edges of market cycles. Then back to pedal to the floor to fix the prior busted bubble.
Well, over the past nine years the pedal has been to the floor, and only lately has any marginal lifting of that monetary ease been evident, and that being so trivial that it can be parsed in quarter percentage points and only by the Fed. Not the BOJ or ECB.
Point Of Final Termination
MSA argues that this process has buckled and bubbled now to the point of a final termination. The game now has government debt (we especially watch U.S. T‐Bonds) in a situation of long‐term technical breakdown. Europe and Japan are a hair’s breath behind this full breakdown. And this breakdown comes from levels of government debt (Western world especially) that is parabolically off‐the‐page versus a decade or two or three or four ago. Their game, their sense of control, as well as Wall Street’s sense of the central bank control, is a pattern that is highly unlikely to replay again. That’s MSA’s long‐term momentum assessment of government debt, hence our view of the inability of Fed, ECB and BOJ to play the game forever. What Draghi has to say in Jackson Hole next week, for example, will be the strands of a dying policy.
The Money Game Is Ending
The money game (monetary manipulation) is ending. It can loop up and down only so many times, and then finally come untethered. MSA thinks that the past eight or nine years has been the last hurrah. Untethering comes next. That’s why we are watching the long‐term momentum trend behavior of T‐Bonds/Bunds/JGBs, as well as the emergent upturn in commodities, an on‐the‐edge downturn in developed market equities, and most important, the forex trend shifts that MSA expected and which are picking up steam. These will all fit together in an unraveling of non‐market trends that have been forced into reality by central banks in a coordinated fashion. The Ozymandian dream will end with the next burst bubble. A calmer market‐based reality will emerge on the other side. MSA sees it’s task as timing these macro‐trend events.
A Flight To Safety Like The World Has Never Seen
King World News – Is it any wonder that governments have been planning to steal money? I would also add that as the world financial system begins to come “untethered,” there will be a flight to safety like the world has never seen. Physical gold and silver will be two of the primary beneficiaries, but the big winners will be the high-quality companies that mine them as the ratio below reverses violently to the upside in favor of the miners vs gold.
Ratio To Reverse Violently In Favor Of Mining Companies
***ALSO JUST RELEASED: CAUTION: This Warning Indicator Just Hit An All-Time Record! CLICK HERE.
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