Eric Sprott: The FedRes Has Lost Control of the Bond Market!

[youtube=http://www.youtube.com/watch?v=E6FAL1eRgjg]

• Eric Sprott Exclusive: The Fed Has Lost Control of the Bond Market! 
  by http://www.silverdoctors.com/ 
  In his most explosive interview with SD ever, CEO of Sprott Asset Management Eric Sprott discussed his thoughts on the Fed’s no-taper, why he believes the cartel took down gold this spring, the evidence that a bail-in is coming to the US and Canada, and the US fiscal debt crisis. Sprott stated the Fed could not taper QE because it has lost control of the bond market! “We have never printed on a daily basis more than we are printing right now, and all the while, interest rates doubled!   Just the talk of tapering moved the rates significantly higher.  I happen to believe that they have lost control of the bond market.  Just by talking the talk the rates doubled and if they walked the walk, I think we would see a dramatic increase in rates here and severe carnage in the bond market. ”
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  Sprott went on to claim that the paper gold market was crushed by the Western Central banks this spring in order to free up gold supply from the ETFs as a massive gold shortage threatened the banking system, and that this is a battle the Western Central banks are doomed to lose as global physical demand will soon overwhelm Central bank supply.

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