Bank of Israel joins the party
New Zealand launched QE earlier today. Neither central bank will be the last. It's getting tough to keep up with the scale of monetization. And as we learned in the last financial crisis, once a bank starts QE, it's tough to get away from it.
We're on the cusp of a massive wave of debt monetization.
At some point gold will be the winner but we have to wait until all the liquidation ends.
