specie

Wasn't the name of the new fed program a hint. BTFP? The whole mantra for a while has been BTFD. I'm sure they were laughing when they named the program. Turn in your bad bonds get newly printed fresh dollars. What could go wrong.

Dollar?

Those bank stocks look just like they did on September 6, 2001

FWIW i refrain from posting to keep the post count low to allow the site to signal an upcoming crash. Now i went and spoiled that.

astute observation

There are a lot of people that should know better that don't realize the reserve requirement is ZERO.

FWIW - DYODD -IDKWTFIM - YMMV - OMG - YOLO -FOMO

Comment first, You continue to do a magnificent job tracking money flow and it's influence on financial instrument prices. Question, It seems to me that much of the world is moving towards a non dollar solution to international trade. Do you think that will eventually eliminate the Federal Reserve note or just make it less relevant? I thought i had quoted Docs offer of answering questions but i don't see it here.

Thank you Doc. I find it interesting that we have only one response so far. i'm currently long stocks so i take that as a very bad sign. Having fun with gold though. Hope you all are too.