When billionaire Sam Zell warned at the end of December that the dollar’s status as the world’s principal reserve currency was in jeopardy, it nudged something in the back of the mind about the number of billionaires over the past year who issued similar warnings. The wealthiest among us, it seems, are also the most vocal and proactive about the dangers they see dead ahead.
The big talk among economists and central banksters and some politicians in 2020 has shifted toward how the Coronacrisis will (or “must”) result in a global financial/social reset. I’ve said for years we can anticipate central bank digital currencies...
The Federal Reserve is literally printing a bull market and they are doing it because the indicators (especially those directly and indirectly of inflation) say they can. And the USD being the reserve currency, the phenomenon is global.
The debt trap is in play and destructive for most Americans. The fiat currency trap will eventually destroy the U.S. Dollar. Hyperinflation has occurred many times. It may be unavoidable in the western world.
The Federal Reserve quietly announced on December 17, 2020 that it is redefining the M1 and M2 Money Supply Measures (H.6 Release) by shifting the savings deposits component into M1 from M2. M1 is supposed to measure “demand money”
Well, it’s been a year like no other in so many ways. “Unprecedented” is an often-overused term. But there truly is no precedent for much of what transpired in public health, politics, the monetary system, the economy, and markets.
Major-gold-ETF-holdings troughs are an important confirmation that gold’s correction has yielded to the subsequent upleg. While GLD+IAU holdings haven’t decisively carved their latest, they are moving in that direction.
A new nominal high in silver will just be the first major milestone in a bull market that could go up many multiples from here before being expensive or overvalued in real terms.
Gold plays a duel role as a commodity and as a monetary metal which makes it important to keep a close eye on. During the early stages of a commodity bull market Gold will generally lead the whole complex higher.
As we descend into the Twilight Zone, the major stock indices made new highs this week, showing, once again, that fake money encourages fake prices. Stock market capitalization reached an all-time high compared to GDP. 1929 and 2000 peaks come to mind….
