Fed Panic Boosts Bonds & Gold, Freaks Out Stock Investors
Jacob Hornberger: Let the Free Market Determine Rates, Pick the Best Money #moneymetals
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Jacob Hornberger: Let the Free Market Determine Rates, Pick the Best Money
Jacob tells us how both the major political parties in America have been engaged in socialism, why he believes the Federal Reserve needs to be abolished, and how gold and silver can help to restore our broken monetary system. So, don’t miss a fascinating interview with one of the leaders of the modern-day libertarian movement, Jacob Hornberger, coming up after this week’s market update.
Another tumultuous week in equity and interest rate markets has helped fuel a big pop in safe-haven demand for gold and silver.
The major market moving event was, of course, the Federal Reserve’s emergency rate cut on Tuesday. The Fed slashed its overnight funds rate by 50 basis points. But even before the Fed acted, the bond market had already forced its hand as yields on the 10-year Treasury note plunged to record low levels.
