Every Ponzi scheme needs players; and, when the odds are stacked, the players cash in their chips; soon, a jubilee will be their only option; in peace
Source: The Dollar Vigilante, by Jeff Berwick
It was just two days ago that we wrote, “Gold Has Biggest One Day Rally Since Brexit as Elites Rush Into Gold”.
Now, to end the week, US stocks had their biggest drop since Brexit on Friday.
The Dow Jones Industrial Average fell 394.46 points, or 2.1%, to 18085.45, and the S&P 500 declined 2.45%, while the Nasdaq Composite lost 2.5%.
The media blamed concern over a potential 0.25% rate hike by the Federal Reserve at the upcoming September 20th-21st meeting.
Federal funds futures, which are used by traders to place bets on central bank policy, on Friday showed a 24% chance of a US interest-rate rise in September, compared with an 18% chance as of Thursday.
Eric Rosengren, President of the Federal Reserve Bank of Boston said Friday that “a reasonable case can be made” for raising interest rates to…
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