Stunning Events To Create A Historic Financial Earthquake!

• Stunning Events To Create A Historic Financial Earthquake! 
  by www.kingworldnews.com
  Today 50-year veteran Art Cashin warned King World News about the historic events taking place in the major markets, including gold.  Cashin, Director of Floor Operations at UBS ($650 billion under management), also spoke with KWN about the massive accumulation of gold by the Chinese and the flow of gold from West to East.
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  Eric King:  “Art, you’ve been warning recently about the great danger, the fact that the Fed is employing so much leverage.  KWN published a piece of yours which included comments from a couple of individuals, including Peter Tchir.  Can you talk about the danger of this leverage that the Fed is employing for the listeners (and readers) globally?”
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  Cashin:  “The Fed has bought up significant amounts of some of the (Treasury) issuances, particularly the 10-Year, in trying to affect rates further out.  They’ve become a dominant factor.  And I wonder how they can get to tapering because they have become kind of addicted in these purchases.
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  The Japanese are not buying (US Treasuries) at the rate they were buying a year ago.  The Chinese are not buying Treasuries at the rate they were buying a year ago.  So you begin to wonder, how can the Treasury manage if the 3rd leg of the stool, which is the Fed, comes apart?  So, there will be a good deal of pressure there.  They talk about, ‘Tapering is not tightening,’ but the markets may see it another way. 
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