I’m still trying to pick myself up off the floor.
Apparently our glorious overlords know the jig is up. Soon the looting bonanza will come to an end in a currency collapse.
Zero Hedge reports:
As a follow up to today’s must read letter from Bill Gross, the PIMCO head explains what was the thinking behind the conclusion that is slowly leading him to become a gold bug, the potentially erroneous assumption that the Fed can not drop rates below zero (not if Goldman and JPM have their way), why Bernanke has no choice but to write checks when the Twist ends in June which will lead to bond buying for the next 12-24-36 months. Nothing new. What is new, and absolutely stunning, is Gross’ endorsement for president: ‘I’m a little Ron Paulish.” (6’24” into the clip)… That’s right. The bond king endorses Ron Paul for president, apparently on the realization that very soon he will have to pay Tim Geithner for the privilege of holding hundreds of billions in US paper. And now we’ve heard it all.
Bill Gross has made his billions based off the fraudulent fractional reserve system in bonds. Thus, it is shocking that he would even consider supporting someone like Paul. The conclusion that we can draw from this is that Gross is no idiot when it comes to seeing the handwriting that is on the wall. When fractional reserve kingpins like Gross start endorsing Ron Paul, you know the shit is about to hit the fan in the worst imaginable way.