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Dark Money Will Cause Hyperinflation – Rob Kirby

USA Watchdog, Released on 11/25/17

“The Saint Louis Fed keeps track of the monetary aggregates, and they tell us the money supply is “X.” My view of reliability of that data reporting–I think it’s all bogus because they are not measuring or counting how many dollars would be contained in an entity like the Exchange Stabilization Fund (ESF) where it’s “Dark Money.” Instead of the money supply being “X,” maybe the real money supply is 4 or 5 or 10 times “X.”

Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of foreign exchange and interest rate products. He spent an additional year at another money/bond broker called Freedom Bond Brokers, then spent two years at Garban Inc., another inter dealer bond brokerage in Toronto – and left the industry in 1996. He started writing in 1997, and was involved in a number of entrepreneurial pursuits from marketing Buffalo meat to a part time stint in the giftware business. In 2002, he went to work for Investor’s Group, the largest Mutual Fund Company in Canada. He worked there up until September ’04 when he resigned to write about the markets – and his book – from a “gold bug’s” point of view. His website is called Kirby Analytics.

3 Responses to Dark Money Will Cause Hyperinflation – Rob Kirby

  1. Steven Starr Reply

    11/28/2017 at 10:04 am

    Thanks to Rob Kirby for another excellent explanation that can be found nowhere else on the net. Kirby is the only person I have heard who has the expertise to explain derivatives, and he also has been the only person I know of who has provided a factual, detailed, timely and ongoing description of the Exchange Stabilization Fund and its historical role behind the scenes of US government. When I started checking this out, Kirby’s statements were all factually supported in the historical record. This has not been the case for most of the other pundits du jure who get air time these days.

  2. Steven Starr Reply

    11/28/2017 at 10:08 am

    make that “du jour” in the last sentence, I can’t type worth a damn

  3. Soup du jour Reply

    11/30/2017 at 2:39 am

    What’s the soup Du Jour? Soup of the day. I love that joke.

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