At the heart of all this growth was a ballooning central bank balance sheet. From 2000, when China joined the WTO until 2013, China’s central bank balance sheet grew almost 900%.
We now have genuinely crazy people in control of the apparatus of the state. They’re exactly the same psychological and philosophical profile as the Bolsheviks or the Jacobins. They’re not going to let go of power voluntarily. Anything is possible at this point; we’re still in the early days.
Those who call in seeking to make an investment in bullion get switched into a very different product – illiquid and overpriced “rare,” proof, and commemorative coins. And they are faced with large discounts when attempting to sell down the road.
Gareth Soloway sees a breakdown in the S&P market uptrend. He joins us to update his views on the market, including Gold and Silver prices in the current situation. Also, what will the Fed do?
If this theme intensifies, it can create outflows from the stock market and inflows into gold. A “1970s on steroids” theme appears to be at hand. Hardcore gold bugs who have great memories of shorting the stock market while buying gold stocks in the 1970s…
Inflation is one of the best determinants of gold price movements, because investors buy precious metals (gold, silver, platinum and palladium) as an inflation hedge when the prices of goods and services are rising faster than interest rates.
But you can’t have conversation about where the gold price is and where it should be without discussing the official effort to prevent gold from serving its role as the canary in a coal mine with respect to the failure of the Fed’s monetary policy and the Government’s failing fiscal and geopolitical policies.
Biden’s 3.5-trillion-dollar tax hike — the largest in the history of the world — should add to the avalanche of troubles coming down on us. Nothing like hitting the nation with a massive tax increase for social programs at a time when the economy is sinking..
We look at the musings of investment guru Jim Rogers and his claims of major bottoms every 10 or 15 years and his claim that we will face the “worst bear market” in his lifetime. The conditions are there.
The only way to avoid this impending disaster is a global debt reset — a Debt Jubilee, if you will. Imagine what could be achieved if all the central banks acted together in retiring all the world’s debt — all $281 trillion of government, corporate and consumer loans.
