Speculation of a post-presidential-election-central-bank-coordinated money bomb of fresh new cash from the Fed, the ECB and other central banks, appear to be just that: speculation. That, according to a regular guest of Eric King’s King World News(KWN), Swiss money manager Egon von Greyerz.
The global central bank bailout and “the coordinated money printing I have been talking about for a long time is going to happen this autumn,” says von Greyerz. “I can see an autumn with massive storms, Eric.”
Not only has the precious metals market sniffed out an imminent and overt global QE3 plan, the western bank cartel is presumably buying the Spanish 10-year bond ahead of the announcement, taking rates sharply down within a two-week period to 6.02 percent, from a 7.62 percent print of Jul. 24. Buyers of the Italian 10-year nearly achieve the same performance during the same time period.