by Steve St. Angelo
Day in and day out, the global financial system continues to cannibalize itself. Clear evidence of this points to the massive “Artificial” liquidity and asset purchase policy instituted by the Federal Reserve. While financial analysts provided several theories why the Fed was forced to inject liquidity via the Repo Market and also purchase $60 billion a month in U.S. Treasuries, the real reason has to do with the falling quality of oil and its impact on the value of assets and collateral.
It’s really that simple. However, there is no mention of it (energy) by any of the leading financial or precious metals analysts. For example, in Alasdair Macleod’s recent Goldmoney.com article titled, How To Return To Sound Money, he states the following: