Money manager Peter Schiff says the Federal Reserve has already
started a new money printing program that continues to expand the debt
bubble and keep global markets propped up. This started abruptly last
month in what is called the “repo market,” where the Fed provides
liquidity for traders of short-term money or overnight funding.
Peter Schiffはこういう、FEDはすでに紙幣印刷プログラムを再開している、債務バブルを膨らまし世界株式市場を支えている。これは先月突然「レポ市場」で始まった、ここでFEDは短期的な一夜もの流動性を供給している。
Schiff says, “When the Fed was doing QE3, they were buying $85
billion worth of debt per month. They (Fed) just did $176 billion in
three weeks, and they say they are not doing QE..."
"So, the Fed is monetizing more debt not doing QE than when
they were doing QE, which means they are doing it and they are going to
have to do more of it. The reason they are doing it is because
the markets are finally trying to move interest rates higher because the
Fed has been suppressing them. They are artificially low, and these
artificially low interest rates have done tremendous damage to the
economy over the years. Now, rates are rising, and the Fed is trying to
stop this from happening. They shouldn’t do this, but this is what they
have to do to keep the bubble from imploding. This is why they
have to go back to QE. If they didn’t, rates would be much higher, the
stock market would be much lower, real estate prices would be coming
down and we would be heading for another financial crisis.”
What is the end goal in all of this? Schiff contends, “The only goal our leaders have is to postpone the pain so they can get re-elected..." この状況の到達点は何だろう？Schiffの主張はこうだ、「我々の指導者の唯一の目的は痛みを先延ばしし、再選されることだ・・・」
"That’s the whole idea. Look, this is a gigantic time bomb; we just have to make sure that the fuse is longer. We
have an election coming up, and the Fed Chair just wants to make sure
they can keep everything going long enough to resign and have somebody
else be the fall guy. Nobody cares about the long term health of the
economy, and the plan is to delay the inevitable and pretend everything
is good. . . . As far as the debt is concerned, the debt is never going to be repaid. We can’t repay it, and, in fact, nobody even believes we are going to repay it.”
So, what is the next move by central bankers?
Schiff says, “It’s more politically expedient to take the printing
route, especially because nobody believes they are going to destroy the
currency..."
"They think they are going to print enough money to reduce the value
of the debt enough to make everything go away. It’s like trying to get a
little bit pregnant, which is impossible to do. So, once they start
monetizing debt in that way, then that’s it. The dollar is going
to get killed. That’s where we are headed. That’s the only thing that
hasn’t happened yet. Gold has broken out. Gold is over $1,500 per ounce,
and it is hitting record highs in most currencies. Not in the dollar,
yet. The dollar is still relatively strong against other fiat
currencies, but the fact it is this weak against gold shows you there is
a lot of underlying weakness in the dollar that has yet to manifest . .
. but that is going to happen. When the dollar starts to fall, that’s
going to take the bond market down with it. Long term interest rates are
ultimately going to rise when the dollar tanks.”
Source: Bloomberg
Schiff also says, “I think gold is undervalued relative to where it should be because so many people have too much confidence in central banks and fiat money..."
"They don’t realize they need to own gold. I think they are going to come to that epiphany soon, and when they do, the price of gold is going to explode...
Gold is going to be money again. There is no question in my mind that is going to happen.”
ゴールドは再度マネーになろうとしている。そうなることに私は何の疑念も持っていない。」
Schiff predicts President Trump will not get re-elected but not
because of impeachment, but the failing economy. Schiff says, “The trade
deficits are bigger than they have ever been. They are bigger than they
were under Obama..."
"Manufacturing is already in recession, and it will be deeper in recession by the time the election comes. The numbers are the worst they have been since 2009.
Most blue collar voters who voted for Trump in 2016 will be worse off in 2020. They will have more debt, and they will have lower real wages if they even have jobs.
多量のオピオイドを米国に送り込み、米国で深刻な麻薬中毒問題を引き起こしています。現代版「阿片戦争」です。あのトヨタ初の女性取締役もオピオイド中毒で逮捕解任されましたよね。 US Is Dependent On China For Almost 80% Of Its Medicine by Tyler Durden Fri, 05/31/2019 - 12:55 Experts are warning that the U.S. has become way too reliant on China for all our medicine , our pain killers, antibiotics, vitamins, aspirin and many cancer treatment medicine. 専門家はこう警告する、米国はすべての医薬品、痛み止め、抗生物質、ビタミン、アスピリン、各種抗がん剤で、中国依存度が高すぎる。 Fox Business reports that according to FDA estimates at least 80 percent of active ingredients found in all of America’s medicine come from abroad, primarily from China . And it’s not just the ingredients, China wants to become the world’s dominant generic drug maker. So far Chinese companies are making generic for everything from high blood pressure to chemotherapy drugs. 90 percent of America’s prescriptions a...
米国はよく理解してませんが、日本の場合では量的緩和で日銀が国債買い上げした資金は日銀当座預金にそのままです、市中には流れていません。でもNHKのニュース等では「ジャブジャブ」という表現をアナウンサーが使い、さらに丁寧に水道の蛇口からお金が吐き出される画像まで示してくれます。これって心理効果が大きいですよね。量的緩和とは何かを７時のニュースや新聞でこれ以上丁寧に解説するのはそう簡単ではありません。一般の人も株式をやっている人も「イメージ」で捉える以上はそう簡単にできません。多くの人は量的緩和とはなにか、を理解していないと私は想像しています。 ただし、国債を買い上げるので長期金利が低下し住宅ローン金利等が下がったのは確実な効果です。一方で長短金利差が少なくなると銀行のビジネスモデルが成り立たなくなりますが。 This Is The One Chart Every Trader Should Have "Taped To Their Screen" by Tyler Durden Sat, 01/19/2019 - 18:55 After a year of tapering, the Fed’s balance sheet finally captured the market’s attention during the last three months of 2018. 一年間のテーパリング後、FEDバランスシートがとうとう市場の注目をあびることになった、２０１８年の最後の３ヶ月だ。 By the start of the fourth quarter, the Fed had finished raising the caps on monthly roll-off of its balance sheet to the full $50bn per month (peaking at $30bn USTs, $20bn MBS...
後講釈なんですが、６月option(５月28日 expire）の$2400 Call Optionが out of the moneyになりました。６月optionは特にOpen Interest が大きい。きっかけはFED高官の発言のようですが、Option Writerにはまちかまえていたものでしょう。 ただ、これも今月末のexpireをすぎれば圧力は無くなると思います。
