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so You'll Thrive and Profit, In Spite of It... "

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Top Three Videos – August 9, 2024

Michael Oliver: Expect Fed Emergency Rate Cut (Aug 8, 2024)

Liberty and Finance...

Summary

 

The speaker predicts a potential Fed emergency rate cut, which could lead to chaos in the stock market and prompt investors to consider alternative assets like gold and silver.

 
  • “You drop any more we’re going to trigger the banks. Now. That’s where I think the FED will do an emergency rate cut and that is not good for the stock market.”
  • The FED is looking for a reason to cut rates, and the potential crash situation for the banks could be the trigger for an emergency rate cut.
  • The vulnerability of the bank sector and the potential for something dramatic to happen is a cause for concern in the current market.
  • The silver price action in 2010 and 2011 showed a significant breakout in long-term momentum metrics, leading to a substantial price increase.
  • The next snap in the stock market led by the Banks could wake up gold and silver because they are monetary medals and respond to Central Bank panics.
  • Gold and silver prices are expected to firm back up, indicating a potential bullish trend in the market.
  • The gold price shot up over 2100 and bolted by April, indicating a significant increase in value.
  • The resolution of the ongoing monetary metal bull market is likely to have a significant impact on the upside acceleration of certain markets.
 

Michael Yon: The Life You Had Before is Over... (August 8, 2024)

Doug Casey's Take...

Summary

 
 

The world is facing various pressing issues such as weaponized migration, environmental destruction, and Chinese drug trafficking, and people need to be aware and prepared to adapt to the changing world in order to survive.

 

  • The life you had before is over, and you will either adjust to it and do well, or you won’t and there’s a high chance you’re gonna die.
  • We’re basically born in Plato’s Cave, born in The Matrix, and it takes years of study and only a few people seem to be able to find the zipper to the IMAX and go out.
  • “This is a war… We’re being hit with weaponized migration. It’s an invasion we’re being hit with every sort of weapon.”
  • Michael Yon shares a shocking revelation about being safer alone with Afghans than with the military in Afghanistan.
  • The destruction of the jungle by the Chinese for profit is a pressing environmental issue that needs attention.
  • Michael Yon highlights the issue of Chinese drug trafficking in the US, emphasizing the severity of the situation and its impact on American lives.
  • Authoritarian takeovers use a sinusoidal pattern of pressure and relaxation to break people’s resistance.
  • “Trump is nothing. He’s a puppet on strings and if they don’t realize that then they’re not they haven’t reached the level of understanding yet that can even prepare them.”
 

Egon Von Greyerz: Nowhere to Run - Gold & Family (Aug 8, 2024)

Von Greyerz...

Summary

 
 

Gold is the best instrument for protecting against currency devaluation and the potential risks of the financial system, especially in times of elevated debt levels and economic uncertainty.

 

  • Gold is the best instrument to protect against the risk of currency devaluation, especially in times of elevated debt levels.
  • The next move in the financial system has started due to the acceleration of debt, deficits, and risks within the banking, financial, and corporate systems.
  • Central banks are converting their reserve assets from dollars to gold, indicating a shift towards gold as an investment.
  • More than 47 nations are now trading outside the US dollar, with over 30 countries repatriating their gold out of Western exchanges, showing a clear shift away from reliance on the US dollar.
  • The exponential increase in US debt is a cause for concern, as it will lead to a rapid devaluation of currencies in the next few years.
  • “I’m not worried about the return on my money, I’m worried about the return of my money.” – Mark Twain
  • Economic and social difficulties are inevitable, and it’s crucial to be prepared and support each other during these challenging times.
  • Gold is a wealth preservation asset that will go to higher levels due to government actions destroying currencies.

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