a rumor that china's going to have up to six thousand tons of gold meanwhile america as least most of their gold in fort knox doesn't exist hundred or sixty percent of their gold four hundred tons to germany back in two thousand and one so they have almost no gold at all and now of course the times presents this as a currency war and it's a hostile act for china to entertain the notion of a gold backed currency but you know you combine this with glenn stevens warnings about. basically the monkeys jumping cannonballed jumps of policy that's where our monetary policy is now we're cannibal jumping into the pool hoping our splash is bigger than the others but at this point you know the splash or the splashes of quantitative easing appear to be having less and less effect and there's a tiny tiny little blips from. it's just causes a tiny little blip nobody cares about it anymore they just see them as monkeys playing in the pool won't cost you more by definition is basement which is the same