From the bank that a few days ago informed us that "People Are Talking About Helicopter Money And Debt Cancellation Being The END GAME", comes the logical next step. Here it is, without commentary and the key section highlighted:
Although gold market operators are currently pre-occupied with the prospect of the SNB finding itself obliged by referendum to buy large quantities of bullion, another central bank raised the same possibility yesterday: the ECB. As odd as it sounds, given the contentious internal debate this year over asset purchases in general, ECB board member, Yves Mersch, reminded journalists that the Bank could in theory buy any asset within a QE program. This could mean government debt, equities, ETFs, or even gold. Indeed, within an effective asset purchase program it matters not so much what the asset is, than who the seller is. Given that the eurozone banking system still appears to be a bottleneck in the monetary transmission mechanism, there might be some wisdom in bypassing it. Banks do not hold gold. However, this ‘theoretical’ possibility would quickly run into practical constraints, not least the volume limitations and the problem of having to pick winners and losers.
Deutsche Bank’s Jim Reid is quite an influential commentator. His research is send to many insiders of the financial industry. Zerohedge last week reported on Reid’s comments about his clients talking about ‘debt cancellation being the END GAME’. Because this subject is not reported in the MSM (mainstream media) we quote from his report;
Het is zo ver: ‘The END GAME’ zal zich eerdaags ontvouwen op de goudmarkt. Die stellige mening is althans van de business partner van miljardair Eric Sprott toegedaan. Goudliefhebbers staan fantastische tijden te wachten.
Het is de superintelligente Canadees Eric Sprott van Sprott Asset Management die bovenstaande uitspraak doet. Investeer daarom in goud en in dat waarin China investeert, is zijn praktische boodschap aan beleggers wereldwijd. Of het nu gebeurt binnen 1 jaar of 2 jaar – komen doet het zegt hij, gebaseerd op feiten. Kijk naar de enorme fysieke vraag naar goud en zilver. Kijk naar de overheidstekorten en trek de conclusie dat waar we naartoe gaan is : The END GAME!
The Fiat END GAME: Preparing For A Way Forward, is a our latest micro-documentary focused on solutions to our current economic problems. Our current fiat currency standard is terminal, nations around the world are dropping the U.S. dollar as a medium of exchange, central banks are buying gold, and Americans are seeing price inflation during an economic downturn. In order to avoid a systemic financial crisis here in the U.S., we need to focus on solutions. Please watch this important video and join us in a new financial awakening happening right now all across America.