Top Three Videos – March 5, 2024
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Tom Luongo: Global Finance Chess Game, Role of Gold...
(Feb 29, 2024)
Soar Financially...
Summary
There is a deliberate effort to manipulate the US financial system and force it into a position where it may default on debt, potentially causing chaos in the global financial system.
- Inflation is up, stagflation is here, and there’s too much money floating around for us to get a nominal recession.
- The speaker is tired of the Fed being the Central Bank of the world and believes it’s time for other countries to clean up their own financial houses.
- The ECB always thought they would have control of the Fed with globalist leaders, but they never expected Powell to be in charge and to implement policies like Sofer.
- The fight in the bond and gold markets is over who will control the Global Financial system, with political appointees like Christine Lagarde at the forefront.
- Janet Yellen strategically issued 83% of all treasures with less than one year duration to force a liquidity crisis and undermine Jerome Powell.
- There is a deliberate effort to force the US into a position where it breaks its tradition of never defaulting on debt, potentially causing chaos in the global financial system.
- The manipulation of the price of oil is a threat to the entire financial system.
- Gold and the dollar can both rise together as they can outperform other currencies in times of economic uncertainty.
Dave Skarica: Gold Finally Breaks Out, Gold Stocks Begin to Catch Up
(March 4, 2024)...
StockChartoftheDay...
Summary
Gold and silver are showing strong signs of a potential multi-year bull market, with gold potentially reaching three to four thousand and silver stocks performing well.
- The breakout happened earlier than expected, possibly indicating a strong upward trend in the near future.
- Gold usually goes up during a potential interest rate cut cycle, which looks like will start in May or June.
- Gold has historically seen significant price increases after breaking out to new all-time highs, suggesting a potential two-year move to three to four thousand on gold.
- Gold’s breakout from its all-time high in 1980 was fueled by zero interest rates, QE, and being early in the cycle, setting up for a strong move.
- Silver looks really good, breaking resistance at 2150, and silver stocks have popped huge in just the last two days.
- The hope for a multi-year bull market like the one in the 2000s, but even a two-year move would be welcomed by investors.
- “It looks like the gold stocks are now finally starting to break out and are doing very very well.”
Gordon Long: The Coming Year Will See Recession & A Major Correction In Stocks
(March 3, 2024)...
Thoughtful Money...
Summary
The speaker predicts a potential recession and major stock market correction, advising caution, hedging, and focusing on retirement income planning and bonds for a more secure financial future.
Economic Predictions and Market Corrections
- “Do I believe there’s a recession coming absolutely. Do I believe it’ll be a soft Landing not at all. It’s going to be a hard. Landing.”
- “We’re in something that is really I believe is generational. This is not this decade, I think we’re going to be correcting the covid and the runup we’ve had since 2008 through the process of financial correction that’s coming over the next few years.”
- Double highs and double tops in the market history have typically led to major recessions and drops, indicating a very high probability of something happening.
- The coming year will see recession and a major correction in stocks.
- The markets eventually get into reality and price things differently, telling you really in one chart what’s going on here.
- The lag effects of the FED funds rate are getting very close to coming into play, suggesting a recession in the next year.
- The market is likely to break and there’s a moment of equilibrium and justice coming, it’s likely to happen this year.
- Gold has formed the biggest base in the last 12-13 years and is likely to break out and move higher towards 2500.
Monetary Policy and Financial System Reset
- The unprecedented use of quantitative easing and tightening is causing reactions that have never been seen before in the market.
- “Debt increasing faster than the real growth of the GDP is now becoming insurmountable.”
- The solution to the economic crisis lies in getting back to sound money and resetting the system to rebuild trust in the underpinnings of the financial system.
- There is an unprecedented degree of extremism on both monetary and fiscal policy that is keeping the markets disjointed from reality.
- Money has been printed out of thin air, and things can break with consequences worse than expected when the system is pushed to the edge of reality.