Bill Gross, “Money for Nothing and the Checks are Free.”

Money for Nothing Checks are Free
Bill Gross, founder of Pimco, the world’s largest bond fund with over $1.92 trillion under management, penned a new piece entitled, “Money for Nothing’ Writing Checks for Free.” In his editorial, he called attention to the near $10 trillion explosion in global central bank money issuance since 2006, and the impending doom historically associated with a “money for nothing” monetary policy.

His conclusion: The whole charade will soon hit a brick wall. 

Of particular interest were his comments on gold, commodities, and the “Fort Knox Fairy Tale…ie. Fed gold certificate claims on Fort Knox bullion holdings which may or may not actually exist.

Bill Gross: Fed Claims To Own Billions in Fort Knox Gold; “With Nothing In The Vault To Back It Up—Amazing!”

RELATED POSTS:

LIBOR – REICHSTAG MOMENT – VATICAN BANK – UNIFIED WORLD CURRENCY
Gold Repatriation: A Bid of No Confidence in Fiat Paper!

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