With the price of gold surging $20, Peter Schiff says the collapse of the US dollar will lead the world back to gold, plus so goes China, so goes the world economy.
July 10 (King World News) – Peter Schiff: “Inflation is not created by employment but by the Fed. The Phillips curve was merely a diversion to deflect the public’s attention away from the real cause of inflation. Soon the Fed creation will transition from pushing up asset prices to pushing up consumer prices. Got gold?”
More Signs Of Asset Inflation
Daniel Lacalle, Chief Economist at Tressis: “House prices first quarter 2019 (yoy)
“There is no inflat…”
Collapse Of US Dollar Will Lead World Back To Gold Standard
Peter Schiff continues: “Of course Powell does not think the U.S. should return to a gold standard. It would mean he would be out of a job. The U.S. economy performed far better under a gold standard than it has under the direction of the Federal Reserve…
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Peter Schiff continues: “The reason other nations went off the gold standard is that they went on the U.S. dollar standard instead, as U.S. dollars were not only backed by, but convertible into gold. The U.S. led the world off the gold standard, and the collapse of the U.S. dollar will lead it back!”
So Goes China, So Goes The World Economy
Jeff Snider: “As China’s industry goes, so goes China’s economy. As China’s economy goes, there goes global growth. Not much uncertain about any of it. That’s why rate cuts in three weeks. (See chart below).
REAL REASON FOR FED RATE CUTS: As China’s Economy Goes, So Goes Global Growth
CEO Confidence Collapse Says Recession Looming
Albert Edwards, Economist and Global Strategist: “US CEO Confidence released yesterday was weak again, Q1 was unchanged at 42 and attracted little attention. But readings this weak only normally immediately precede recession – especially when they persist (red line is 3 qtr mav). Only false reading was the LTCM/Russian crisis. (See chart below).
YES, WE ARE HEADED INTO A RECESSION: CEO Confidence Collapse Predicts Recession
Gold Surges Back Above $1,410
READ THIS NEXT! Gold Surges Back Above $1,410, Powell Confesses, Another Gold Catalyst, Rate Cut Odds Spike CLICK HERE TO READ
KWN has released the powerful audio interview with Gerald Celente and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
More articles to follow…
In the meantime, other important releases…
Inflation: A Look At Rising And Falling Prices, The Bottom Line CLICK HERE TO READ
Chart Of The Day, Tidal Wave Of Demand For Assets, Problem With Central Bankers, This Should End Well CLICK HERE TO READ
Wow! Gold & Silver Update, 2019, And There Will Come A Time CLICK HERE TO READ
Are Things Beginning To Come Unglued? More People Borrowing To Get By, What Could Go Wrong? A Warning Regarding Stocks, Plus An Important Gold Chart CLICK HERE TO READ
WHAT DO THEY KNOW? Bullion Banks And Commercials Ramp Up Short Positions In Gold…Again CLICK HERE TO READ
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