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.