There was a lengthy delay in publication today due to a technical error but KWN is back and here is a look at the $80 trillion surprise, plus shocking charts of silver, US dollar and housing.
December 5 (King World News) – Otavio Costa: Silver just reached a historical bottom. This likely the beginning of another long-term cycle for the metal.
NEW ALL-TIME HIGHS ON THE WAY:
Silver Just Put In A Historic Bottom
This Is Simply Insane
Walter Bloomberg: (Reuters) – The Bank for International Settlements (BIS) has warned that pension funds and other ‘non-bank’ financial firms now have more than $80 trillion of hidden, off-balance sheet dollar debt in the form of FX swaps.
Can That Number Be Correct?
Jesse Felder: ‘Total debt-to-GDP in the US is 420%, higher than during the Great Depression and after WWII. With governments unwilling to raise taxes or cut spending, central-bank deficit monetization will once again be seen as the path of least resistance.’…
Billionaire and mining legend Ross Beaty, Chairman of Pan American Silver, just spoke about what he expects to see in the gold and silver markets and also shared one of his top stock picks in the mining sector CLICK HERE OR ON THE IMAGE BELOW TO HEAR BEATY’S INTERVIEW.
Peter Brandt: The U.S. Dollar has retested a massive 5-year congestion area with substantial support under the market. Those who own stocks betting on a weak US dollar might be disappointed.
Those Betting On A Weak US Dollar Might Be Disappointed
Now That’s A Bubble
King World News note: And finally, Charlie Bilello put out this powerful chart of the US housing bubble.
US Median Housing Payment As % Of Median Income:
42% At Previous Peak In 2007, 46.3% Today!
ALSO JUST RELEASED: BUCKLE UP: We’ve Entered The Final Phase Of The Terrifying Endgame – All Fiat Currencies Will Be Destroyed CLICK HERE.
ALSO JUST RELEASED: The Price Of Silver Is Poised To Explode Higher CLICK HERE.
To listen to James Turk discuss what to expect in 2023 as well as the historic breakout in gold, silver and the mining shares CLICK HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss a failure to deliver in the silver market CLICK HERE OR ON THE IMAGE BELOW.
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