Look at who just turned bullish on gold, and look at who just warned people need to get out of the system.
Look Who Just Turned Bullish On Gold
October 15 (King World News) – Peter Schiff: Jamie Dimon said gold could easily go to $10K and “this is one of the few times in my life it’s semi-rational to have some in your portfolio.” Gold above $4.2K proves for his entire life it was completely rational to have some in your portfolio; Dimon just didn’t understand why.
Get Out Of The System
Gregory Mannarino, writing for the Trends Journal: GET OUT OF THE SYSTEM…
WASHOUT: The Path to Economic Breakdown and Stock Market Collapse.
Currently the US economy is experiencing a RAPID slowdown and contraction.
A. Hiring has stalled. Job growth near zero, hours & temp help slipping.
B. US Industry is contracting. ISM manufacturing <50, fewer orders, slower production.
C. The service sector, which is the vast majority of the economy, is in literal freefall.
D. Loan delinquencies are skyrocketing, and households are pulling back. Households are getting squeezed harder. Prices continue higher-with no end in sight. Wages lagging faster… more household debt is filling the gap. (Consumer debt, household debt, at record highs and climbing)
E. Price levels are still rising. Inflation continues to rise. Costs are currently 25% above 2020 levels.
F. US Small business stress is increasing. Weak demand + higher input costs = more closures. (US small business bankruptcies are near record highs).
WITH THE MARKETS…
Credit is oxygen and liquidity is drying up rapidly …This leads to a “feedback loop.” Weaker growth = more intervention = weaker currency power = further suppressed rates = more debt.
REPEATING INTO A VICIOUS CYCLE OF MORE INTERVENTION = DEBT OVERALL SKYROCKETS EVEN FASTER.
US. Isolation…
NO NATURAL BUYERS FOR US DEBT. Demand for US Treasuries is evaporating as rates are further and artificially suppressed.
Sanctions, fragmentation, and tariffs. These are pushing trading partners to work around the US… creating new alliances, which is leading to faster world de-dollarization.
DEBT AND PRODUCTION.
Financialize first, produce later… Despite skyrocketing debt, US production is falling faster. (Lions.. are we the only ones paying any attention to this?). Why is no one else talking about it?
KEY POINT: Suppressed rates punish savers, reward speculation, and breeds a zombie system. (Increasing debt with less production). This mechanism privatizes gains, and socializes losses.
Political Word Games… Politicians call asset inflation “wealth,” while the real economy hollows out.
Politicians will tell you “our economy is fantastic,” “we have never seen anything like it,” -while the middle class is systematically erased.
“Get out of the system.” What it means.
The danger lights are flashing… credit stress/liquidly is evaporating, and economic strain is rising.
So, what is their solution?
- FURTHER DEVALUE THE CURRENCY.
- KEEP RATES ARTIFICIALLY SUPPRESSED.
- INFLATE THE DEBT.
The more this worsens, the more intervention it takes just to look normal.
And when credit/debt market snaps, the stock market won’t drift, IT WILL CRASH FROM THE CEILING TO THE FLOOR.
…and panic will overshoot.
Is there a simple solution to all this? YES!
And it starts with RETURNING PURCHASING POWER TO THE CURRENCY!
Not taking more of it away…
Prins Correctly Predicted Silver Would Be In The $50s This Week
To listen to Nomi Prins discuss why short sellers in the silver market are going to get destroyed, where gold is headed, what to expect from mining stocks, uranium and much more CLICK HERE OR ON THE IMAGE BELOW.
Just Released!
To listen to Alasdair Macleod discuss the squeeze in the gold and silver markets and much more CLICK HERE OR ON THE IMAGE BELOW.
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