Wednesday, October 9, 2019

Rates Go Negative in Greece!!

The Greek government on Wednesday sold new three-month debt at a negative yield.

Yes, Greece, the country that was on the brink of financial collapse just a few short years ago has issued short-term paper that you must pay to hold.

Athens raised €487.5m from its auction of 13-week bills at a yield of minus 0.02 per cent.

If this isn't a signal that the European Central Bank is flooding the system with money, nothing is.

We are on the edge of a near-global explosion in price inflation.

The upside action in the price of gold this year is not an accident.


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