LATEST NEWS : BRICS Gold Source and Belgium Bulge

The detection of the rapid rise in USTreasury Bonds in the Belgiumofficial central bank account has aroused broad and deep suspicions. Finally an open sore is visible that cannot be explained away easily. It first appeared a couple months ago. The initial knee-jerk reaction was that the USFed was colluding with the Euro Central Bank to hide heavy bond monetized purchases in New York, in effect demonstrating the Jackass point that the QE volume was huge, that the Bernanke and Yellen Fed were astute liars using deception. Next the evidence pointed to Russia having embarked on a significant dump of USTBonds using the proxy of EuroClear. It all made so much sense, the Russian account having declined in roughly the same volume as the Belgium account rose. Be sure to know that tiny Belgium has a rather notable current account deficit, no surplus funds to invest. Belgium has a GDP of $480 billion, the bulge fast approaching the size of their entire economy. Their chief export is tied closely to the hot air emanating from the EU Commission and Parliament, neither body possessing a scintilla of global integrity.

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