Prize

........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........

November 10, 2015

The United Socialist States of America


     We've been pointing this out for some time now: the Fed's seizure of the US Treasury Bond Market was an act of communism, utterly destroying capitalist activity in that arena.  Meanwhile, keen-eyed subscribers may have noticed that many observers believe our monetary politburo was simply following Japan's lead, a point we saw no reason to bring up.

     Until now.

     Japan's central bank has since gone on to buy up 50% of that nation's exchange traded funds, and is now reported to be looking at purchasing shares in public companies.  51% of that market would give them voting control, in effect, communist governance over corporate Japan.

     Peter Schiff gives us the skinny here:

http://www.cnbc.com/2015/11/04/qes-creeping-communism-commentary.html?__source=yahoo|finance|inline|story|story&par=yahoo&doc=103144382

   God help us, when - and how - will it all end?