In this report, I cover the early market action from London on Monday, November 18th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I look closely at the Federal Reserve's balance sheet to show how the U.S. Central Bank is on pace to printing almost $1.4 trillion on an annual basis.
If one looks at the trillion-dollar deficits that the U.S. government is now running on an annual basis and adds the interest on the debt we come to a figure of $1.4 trillion.
My conclusion is that the Fed is now on a path towards the destruction of the currency as it is printing money to just cover the annual national debt increase but also the interest on the debt.
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