View: 5 sept8.PNG

5 sept8.PNG

Already A LOT tighter than Q3 2014 (end of QE3 tapering) 

And balance sheet hasn't and will NEVER normalize but very probably gonna continue to grow 

They have lied since 2009 because "when it gets serious, you have to lie" 

Gold has been telling us since december that a new easing cycle is right around the corner


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