Monday, April 29, 2013

QBAMCO On Precious Metals And The Coming 'Great Reset'

http://www.zerohedge.com/news/2013-04-29/qbamco-precious-metals-and-coming-great-reset

We recently asked:"are there really unpredictable market shocks or are investors paid not to care? To us, all signs point towards the next currency reset. We think monetary authorities are compulsively destroying the current global monetary system; they simply have no choice if they are to keep it afloat in the short term." With Bernanke not attending Jackson Hole, we think the choice for next Fed Chair may have profound economic implications, and that it would not require expertise in econometric modeling, credit policy management, and maintaining the public perception of economic stability. We think the next Fed Chairman will oversee a conversion of the global monetary regime.

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