Bill Murphy of GATA.org returns from Dallas Texas with comments on domestic inflation.
Economic headlines note, 20-year high in price levels, a potential harbinger of 1970’s like opportunity in the precious metals sector.
According to the St. Louis Fed, their balance sheet doubled since the micro-recession of 2020, approaching 8 trillion dollars.
Officials include the S&P price index to illustrate the effects of their machinations on the financial sector. Since beginning the financial chicanery, the Fed profligacy resulted in a 4x advance in US equities since the Great Recession.
Once the financial injection works through the economic patient, the duo expect gold to follow a similar trajectory but with substantially greater gusto.
Bill 'Midas' Murphy monitors Precious Metals markets and has been bringing daily analysis and commentary to our subscribers here at LeMetropole Cafe for over 20 years.
Upon graduating Cornell University in 1969 Bill became a starting wide receiver for the Boston Patriots. After leaving football he went on to a career in the futures industry as a commodities broker. Early on he worked for Shearson Hayden Stone and Drexel Burnham before starting up his own introducing brokerage on 5th Avenue in New York. His past experience in the futures arena, and valuable market connections, led to his understanding of the gold/silver price suppression scheme, and what it would mean for future prices.
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
