You are here
Dave Kranzler: Sinking collateralized loan products prompted frantic new QE
12:27p ET Wednesday, December 4, 2019
Dear Friend of GATA and Gold:
Dave Kranzler of Investment Research Dynamics in Denver argues today that the New York Fed's new frantic "repo" cash operation has been prompted by the need of the banking industry to offset the sharply declining value of collateralized loan obligations, dodgy debt similar to the dodgy debt of collateralized subprime mortgages whose collapse caused the world financial crisis of 2008.
That is, Kranzler writes, what is happening now is much like the situation portrayed in the movie "The Big Short."
Kranzler's analysis is headlined "The Truth Behind the 'Repo' Non-QE QE Money Printing" and it's posted at IRD here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Storage and Withdrawal of Gold with Bullion Star in Singapore
Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.
Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.
Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage rates are competitive.
For more information, please visit Bullion Star here:
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
|Previous Article||Next Article|
|Craig Hemke at Sprott Money: 'Exchange for ...||Mongolia's central bank buys 14.4 tons of g...|