by Andrew Hoffman
Miles Franklin
As I discussed this weekend, and many times before, Central bankers are no more than heavily-armed Keystone Kops – who each day, attempt to “kick the can” another 24 hours. To that end, they are rapidly losing control of global economies, financial markets, and political regimes; and thus, in their last ditch desperation to acquire those last, painstaking inches, they have supplemented 24/7 market manipulation and unprecedented money printing – like an iceberg, far more covertly than overtly – with what amounts to weekly, if not daily, “de facto FOMC meetings.” In other words, the walls are closing so rapidly, they are now “jawboning” as intensely as they are manipulating markets and economic data. Seemingly, focused principally on “last to go” markets like the “Dow Jones Propaganda Average” and paper Precious Metals, given their vital influence on the global perception of economic activity, and Central bank “control” itself.