We don’t own enough gold for what’s coming.
Warsh Is Not Volcker
October 20 (King World News) – Casey Donaldson: Everyone comparing Warsh to Volcker is missing the most important difference.
Volcker hiked rates to 20% when US debt-to-GDP was 30%.
It crushed inflation. It also crushed the economy into a deep recession.
Debt-to-GDP today is above 100%.
Deficits are already running at 6% of GDP.
A recession does not just slow the economy today.
It blows deficits to 7-10% of GDP at the exact moment foreign investors are increasingly unwilling to fund endless American borrowing.
That forces one outcome…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
The money printer.
Warsh can give Volcker speeches.
The fiscal situation will force him to inflate the debt away regardless of what he says.
First you inflate. Then a future Volcker hikes rates to kill the inflation you created.
We are in the inflation part.
Do not sell your gold.
We don’t own enough for what’s coming.
Iran Is Attacking The Bond Market
Lukas Ekwueme: Iran is attacking the funding source of the US empire… the bond market
Their plan is quite simple: create a massive supply shortage, which will increase inflation and, as a result, drive surging interest rates that crash the US economy.
The US went into the war in pretty bad shape:
– Debt-to-GDP of over 100%
– Deficits of 6% of GDP
– Rising unemployment
But 7 month of Hormuz being closed made it worse:
– 10-year yield is up ~1%
– Diesel up ~100 percent
– highest inflation since 2023
For every 1% increase in interest rates, interest expenses eventually surge by ~$400B annually.
And because the US government is mainly financed on the short end, interest rate increases directly translate into higher deficits.
Now, within the next 12 months, ~33% ($10T) of US debt has to be refinanced… preferably at higher rates, if you ask the Iranians.
Higher inflation -> Higher yields -> higher deficit -> more issuance -> even higher yields
Trump can declare victory as often as he wants, but if Hormuz remains closed, bond yields will spike and crush the US economy…
dealing a devastating blow to an already declining empire.
We don’t own enough gold for what’s coming.
We Are Near An Upside Explosion In The Price Of Silver
To listen to Nomi Prins discuss what will create an upside explosion in the price of silver and much more CLICK HERE OR ON THE IMAGE BELOW.
JUST RELEASED!
To listen to Alasdair Macleod discuss the setup in the silver market as well as gold and much more CLICK HERE OR ON THE IMAGE BELOW.
ALSO RELEASED!
Something Interesting Is Happening With The Silver Market And Gold Miners CLICK HERE.
Michael Oliver Says He Cannot Be Bearish On Gold Even Though Many Chartists Are CLICK HERE.
Prins Says Central Banks May Pressure BIS To Make Silver Tier One Asset CLICK HERE.
CONTRARIAN INDICATOR: Managed Money At Record Lows In Silver Market CLICK HERE.
China Is Putting A Massive Floor Under The Price Of Gold CLICK HERE.
Gold Holds $4,000, Silver Sees Successful Test Of $55 July Low CLICK HERE.
This Is Orders Of Magnitude Worse Than Great Financial Crisis CLICK HERE.
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