Thursday, February 23, 2012

China Has Outsourced Its Monetary Policy to Ben Bernanke

The always entertaining Don Coxe was on BNN today discussing commodities, oil, gold.

He says that:

  • Oil is at a 9-month high but is not in a bubble. There are prospects of military confrontation out there.
  • China has outsourced its monetary policy to Ben Bernanke!
  • He add to to buy gold, deflation is being fought on a majestic scale, BoE, Bernanke, Draghi with LTROs money printing at an unbelievable scale. Now even the Bank of Japan is printing money. Even central banks are buying gold.

Watch interview.

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