kingworldnews.com / September 23, 2016
On the heels of the Fed’s decision not to raise interest rates in the United States, here is a powerful note from Bill Fleckenstein’s source the “Lord of the Dark Matter.”
They Should Be More Committed
The Fed, BOJ, ECB, and Bank of England, along with a couple of others, are acting similarly insane, but it has been the Japanese — after sort of coming to the game rather late — who have really taken us to a whole new level of recklessness. For a thoughtful recap of just what the BOJ did I am going to turn the column over to the Lord of the Dark Matter, but before I do I want to emphasize that what can be said about Japan can also be said about any of the other crazy central bankers. It’s just that, for the moment, the BOJ seems to be leading in the race to see who can have the most maniacal policies possible or (in the words of the LODM) who has the biggest, “commitment to monetary irresponsibility.”…
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