Wednesday, August 24, 2016

Many more QEs will be coming and could create more volatility

The Fed and ECB and the Bank of England, the Bank of Japan, basically they talk to each other every day. They are the Mafia, the chief manipulators, and we don’t know exactly what is being said. That’s why it creates a lot of uncertainty in the markets, and in my view, undue volatility.

But one thing I’m sure of, before the whole system collapses, the governments and the agents, which are the treasury departments and the central banks, will do everything – everything – to protect the system from collapsing, and in my view, this will involve much more QEs around the world.