“Specie (gold and silver coin) is the most perfect medium because it will preserve its own level, because having intrinsic and universal value, it can
Those who have protected their wealth by investing in financial assets no longer have the following breeze of falling interest rates. Financial bubbles are now
There are some who have suggested “stagflation” is a good description of current economic conditions, but the truth is we are facing something so much
The first coins of Lydia were used to pay soldiers, not replace barter. This monetized silver. Empires need soldiers because war is the chief engine
Marc Faber: We are already in a recession, and the Fed is trapped … Frank Giustra: Gold is manipulated right now in a world with
The Global Bubble, several decades in the making, is in the process of bursting. A new cycle is emerging, replete with extraordinary uncertainties. Acute instability
The 10-year UST yield has crossed the 3% mark. So you’d think this was a sign that a modicum of rationality is returning to the
Todd Horwitz: Gold’s correction won’t last, inflation is ‘going to the moon’ … Peter Schiff: Investors on high wire without Fed’s net … Chris Martenson:
by Dr. Richard Curtin, University of Michigan: There is a high probability that a self-perpetuating wage-price spiral will develop in the next few years. Households have
From Michael Pento’s Pentonomics: The Fed’s manipulation of the money supply and its cost has served to obliterate the function of asset price discovery, just
This is a time of almost supernaturally-easy money. US financial conditions, in fact, have never been this accommodative, which is why junk bonds, CLOs, NTFs,
So a single political party gains control of a lockdown-battered country desperate for any and all forms of government spending. Direct payments, loan forgiveness, infrastructure,
The mainstream press is comfortable with moderate inflation because it raises financial asset prices and allows the government to spend more money. But when inflation
So bonds are obviously a bubble. And stocks have never been this overvalued. US houses have never been this expensive. Cryptos have had the greatest
Fed Chair Jerome Powell just spooked the markets by predicting that inflation will jump when the economy reopens – but don’t worry, it’s just temporary.
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