That Didn't Take Long! Bank of England Lowers Interest Rates and Announces New QE! - Nathan McDonald

August 5, 2016

That didn't take long. Just weeks ago, the Bank of England announced that they would be standing by and not moving their interest rates. They stated that they were going to wait until official data indicated that the recent successful BREXIT vote would indeed hurt the economy, choosing to avoid irrational moves and wait until the facts presented themselves.

Well, it appears that this thought process has changed, likely due to extreme pressure from other Central Banksters around the world. Already, the Central Bank of England has reversed this decision. Not only have they lowered interest rates, they have also doubled down and announced new additional QE on top of it.

Joining other Western countries in their trek towards zero, the Bank of England has lowered rates to a measly .25%. This is a pathetically low rate and one that doesn't reflect the true inflation that the world is experiencing.

This news initially hammered the price of gold and silver lower, yet was almost immediately offset by the announcement that England would be joining the likes of Japan and increasing their QE programs.

The market rejoiced at this news, as easy, free flowing money is the lifeblood of our now highly corrupt and manipulated markets. The steady supply of drugs is going to keep flowing and the world once again can put off the inevitable crash that comes after the high.

This QE announcement is no small potatoes either. It is to include the repurchasing of Corporate bonds, up to $60 billion pounds worth of them. This is a strategy that we have seen adopted by many Central Banksters around the globe.

Although gold and silver are experiencing extreme volatility at the current time of writing, we are confident that once this news settles, then we are going to see a continuation of the move higher in both metals.

The long term trend is clear, even if Central planners were able to restrain themselves for the short term. QE to infinity is here to stay, there is no turning back, no looking back, The West is going to continue down this path until the system blows apart and forces true, honest, real change.

Until then, keep stacking - it's one of the few things we can do to protect ourselves.