On Romney, Bernanke, and Rajoy


Mitt Romney has stated repeatedly that he would fire Bernanke if elected.


If this does indeed happen, then the inflation trade and QE will be finished. The market is already sensing this. Gold topped out right around the first debate when Romney began to surge in the polls:



Right around that time, the US Dollar caught a bid.



Now, I’m not saying that Romney will win the election. But the movements in Gold and the US Dollar have been suggesting that he has a good chance ever since the first debate.


This also points to problems for Europe.


For certain, no matter who wins today, Europe’s a complete disaster. Greece is once again out of money and will need someone (though at this point it’s not clear who is willing to pony up the cash) to foot the bill.


Elsewhere, Spain continues to lurch to a full-scale collapse. We now have a sovereign debt crisis exacerbated by the fact that the primary buyers of Spanish bonds (Spanish banks) are now net sellers as they are forced to sell everything to free up cash to meet Spain’s massive bank run (18% of deposits have fled the country since the start of the year).


The country recently proposed creating a bad bank to buy up €60 billion worth of bad debts. Nevermind that Spain doesn’t have €60 billion (its regional bailout fund it out of funds and even if you include the €30 billion Spain has already received from its bailout, you’re still €30 billion short).


Now Prime Minster Rajoy is wanting to know if ECB intervention will bring Spanish yields down. Was this guy not paying attention throughout 2011 when the ECB intervened constantly and Spain still saw its bonds collapse?


I’ve said it many times before and I will say it again… Spain will take down the EU. It’s only a matter of time. By Rajoy’s own admission the country needs €500 billion (realistically it’s even more than that).


And somehow someone will be able to come up with that money?


On that note, if you’ve yet to prepare for Europe’s BIG collapse…we’ve recently published a report showing investors how to prepare for this. It’s called What Europe’s Collapse Means For You and it explains exactly how the coming Crisis will unfold as well as which investment (both direct and backdoor) you can make to profit from it.


This report is 100% FREE. You can pick up a copy today at:




Best Regards,


Graham Summers


PS. We also offer a FREE Special Report detailing the threat of inflation as well as two investments that will explode higher as it seeps throughout the financial system. You can pick up a copy of this report at: