Chinese investors are following the lead of their central bank, which has been gobbling up gold for 16 straight months, adding over 300 tons to its stash.
Sponsor Sen. Ben Hansen says, "Saving and using gold and silver is our right and one of the only checks and balances to our federal government's unending devaluation of our paper currency. ”
As Maharrey succinctly put it, "When you print a whole bunch of money and throw a whole bunch of money into the economy...you're going to have a general rise in prices across the board."
The founders recognized the "evils" of paper money and they knew that if the U.S. went down the paper money path, it would cause all kinds of problems.
Slower growth might seem like the recipe for rate cuts, but the '70s that Dimon talks about show us that the Fed raises rates without mercy when in a stagflationary situation.
Speaker Johnson allowed another $100 billion we don't have to be handed over to Ukraine, and pushed forward presidential power to shut down websites by labeling them “foreign adversary controlled.”
Perhaps the mainstream has finally figured out what I’ve been saying for a long time – inflation is ultimately going to win this fight. And when you have inflation, you want to have an inflation hedge!
If you are concerned that the U.S. could pull the "dollar rug" out from under you, why not pull out from the dollar system first? This seems to be China’s strategy.
Bottom line: If MSFT continues to pussyfoot beneath $430 and to fall further from the ‘Hidden Pivot’ with each selloff, investors had better prepare to pack up in May and go away.
