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Friday, September 20, 2013 – The Real Reason for No Taper

The Real Reason for No Taper
by Sinclair Noe
DOW – 185 = 15,451
SPX – 12 = 1709
NAS – 14 = 3774
10 YR YLD – .02 = 2.73%
OIL – 1.72 = 104.67
GOLD – 39.50 = 1326.60
SILV – 1.29 = 21.90
The big news for investors over the next couple of weeks will be whether Congress can shoot itself in the foot. This past week’s big news for investors was no news from the Fed; no taper; although today St. Louis Fed President James Bullard said taper could begin as early as October.
What does the no taper decision really mean? Since the major beneficiary of QE is the banks, it would seem logical that the main reason not to taper is because the banks are not as healthy as we are led to believe, or they’re involved in more risky business.
Ellen Brown wrote Web of Debt and a new book called the Public Bank Solution. I’ve talked with Ellen on multiple occasions and she recently posted an article on her blog. Ellen did a great job of explaining the risks of the shadow banking system. Please click hereto read her article.

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