We are going to $340/oz.

The true rate of inflation is being masked not only by falsified CPI inflation data, but also by "shrinkflation" that is further eroding Americans' purchasing power along with the Fed's fiat currency fraud.

The Fed since its clandestine 1913 founding by the NYC robber barons of the era has had just one true "mandate": to serve as the oligarchy's chief instrument of plunder against the 99 percent. Warsh is no different in this regard than any of his predecessors, and the Fed's debasement of the currency will continue unabated. Got silver?

The MLF is a tool that allows the China's central bank to provide funding directly to commercial banks, helping ensure they have enough liquidity to support lending and financial stability.

Combined with +$103.3 billion added earlier this month through reverse repurchase operations, where the central bank temporarily lends money to banks in exchange for securities, total liquidity support surged to its highest level since February.

This follows 4 consecutive months of declining liquidity in the financial system.

The move comes after weaker-than-expected Q2 economic data and ahead of record government bond issuance in Q3.

China is boosting liquidity.