Gold Soars Along With Everything Else As Fed Ends Capital Markets As We Know Them | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Gold Soars Along With Everything Else As Fed Ends Capital Markets As We Know Them

As we noted earlier, The Fed's actions this morning mean "free markets are dead."

Guggenheim's Scott Minerd summed up exactly what The Fed has done with its actions today:

"The Fed has made it clear that it will not tolerate prudent and responsible investing."

Bloomberg's Garfield Reynolds was quick to note, the global business environment is being transformed - we are all socialists now.

This is about more than just the failure of earnings estimates to keep up with the virus impact - investors need to disregard projections that an end to the crisis will restore the pre-outbreak status quo.

Decades of pushing government out of business are being reversed in mere weeks, with policy makers telling companies where, how and if they should operate - whether they can pay dividends, buy back stock or fire employees.

In other words, governments are almost fully taking over free markets, with the profit principle dethroned as the key business driver.

This changes the rules of the game for investors.

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