So everything the Fed said about the Repo problem being an event specific issue for September and then December is 100% incorrect. FACT: The Repo market is failing because banks don't trust the counterparties or the rehypothicated collateral to lend into the overnight markets!
Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 15 years to exposing the long term manipulation of the gold and silver markets. He has worked closely with the Gold Anti-Trust Action Committee helping to pull the curtain away from the Cabal of International Bankers that has taken control of our free market system.