Thank you, Beijing!
By raising interest rates this morning for first time since 2007, China has triggered profit taking in everything from currencies to commodities!
Great! That is now triggering precisely the correction in these markets that I’ve been waiting for — so I can soon go ahead with the new buys I’m planning for Martin Weiss’ $1,000,000 portfolio!
It’s good timing. And it’s also very ironic …
- While the world’s leading countries have sworn on a stack of bibles that they’re going to keep their interest rates as low as possible for as long as possible in order to DEVALUE their currencies …
- Decision-makers in Beijing are doing precisely the OPPOSITE, putting more pressure on their currency to become MORE valuable … and reinforcing our long-held view that they’re in the catbird seat globally.
Look. Here in the U.S., two game-changing decisions are coming down the pike on November 2nd — the elections and the Fed’s mass money printing. That could set off a whole NEW chain reaction of events beyond Washington’s control. China, meanwhile, is moving pro-actively to shore up its economy and finances.
Best wishes,
Monty
