Tuesday, September 22nd, 2020 MST
With the continued pandemic situation we have suspended local trades. Please call us for updates or to place a trade. We are happy to ship to you FREE of charge.
Gold Products Prices Silver Product Prices Platinum Palladium
Questions? Call Us


Mon-Thur 7am - 5pm MST Fri 7am - 3pm MST

The Fed continues to secretly bail out Europe

Gerald O'DriscollHere’s an excellent interview with former Dallas Fed Vice President Gerald O’Driscoll in which he exposes the Federal Reserve’s recent dollar swaps with the European Central Bank for what they are: a continued bailout of Europe’s banking system by the US central bank.  It’s unusual to see such forthright honesty about what is going on from someone formerly associated with the central banking system.  Mr. O’Driscoll does not mince words or shy away from calling a bailout a bailout.

The subject at hand is the recent arrangement between the Fed and the ECB to swap dollars for Euros.  According to O’Driscoll this indirect loan method was necessary because the Fed was embarrassed by the court upholding of FOIA (Freedom of Information Act) requests in which the Federal Reserve was forced to reveal their direct bailouts of foreign banks and corporations.  In this case there is an extra layer of obfuscation as dollars are provided to the ECB and the ECB then engages in the bailouts.

The important takeaway from all of this for precious metal investors is that it is clear that, one way or another, the central banks are going to attempt to devalue their way out of this mess through the creation of new money and credit.  Keep an eye on the balance sheets of the central banks.  As long as they are continuing to to go up then the answer to the ultimate question of deflation or inflation seems very clear.  And as you can see from the graphs below the monetization of debt and near worthless assets continues unabated.



Leave a Comment

Precious Metals Data, Currency Data , Precious Metals Automated Product Pricing Powered by nFusion Solutions