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Top Three Videos – November 10, 2023

► Searching for the Best Gold IRA Company?
This is a MUST-Read...

Marc Faber: Looming China Recession, Gold & Silver Opportunities, Tensions in Niger

Resource Talks...

Summary

The current economic situation may force the Fed to reintroduce Panic QE and that the government’s massive deficit leaves no choice but to print more money, leading to potential economic consequences.

  • The Fed may be forced to reintroduce Panic QE, buying every bond in sight, as a response to the economic situation.
  • The shortage of ICU nurses allows them to choose where they want to live and make a significant amount of money for short-term contracts.
  • The current level of debt makes the economy more fragile, suggesting that the terminal interest rate that starts breaking things would be lower.
  • The FED is still running massive deficits with the economy growing, sparking a big debate about the reason behind it.
  • The government’s massive deficit leaves no choice but to print more money, leading to potential economic consequences.
  • Gold miners are ridiculously cheap right now, with a 25 percentage point gap in performance compared to the NASDAQ, but the reasons for this are unclear.
  • The markets are anticipating a big slowdown, with people buying long bonds and selling oil as a recession anticipation behavior.
  • The big risk is that the government may expropriate what’s in the vaults of the physical ETFs, so it’s important to spread your risk and own physical assets.

Peter Schiff: Sovereign Debt & Currency Crisis: It’ll Be Worse Than 2008

Kitco News...

Summary

Peter Schiff is warning of an impending financial crisis worse than 2008, with the potential for hyperinflation, a collapse of the dollar, and a significant rise in gold prices.

Predictions and warnings

  • Peter Schiff correctly called the 2008 financial crisis and is now warning of an even worse crisis to come.
  • Peter Schiff correctly predicted the 2008 financial crisis, despite being ridiculed by the mainstream at the time.
  • The deficits that are already horrific are going to probably double to four trillion or more, which is inflationary because the FED is going to be printing money to monetize all that debt.
  • Peter Schiff warns of an impending sovereign debt crisis and currency crisis, with the FED having to choose between the two in a financial crisis worse than 2008.
  • When gold price gets closer to $3,000, it’s a warning sign of a crisis of confidence in the FED and the dollar.
  • Peter Schiff believes that the dollar has put in a top and is ready for hyperinflation.
  • Peter Schiff was predicting the financial crisis before it happened, but didn’t get credit for it.
  • “Gold prices are going much much higher… Gold’s not just going to 5,000. I mean it will but it’s going much much higher than that.”

Potential consequences of the collapse of the dollar

  • The collapse of the dollar could take down America’s military might with it, as it’s being financed with borrowed money.
  • “I don’t want to be there financially. I may be stuck physically but I know how the game ends. It’s not going to end well for the dollar.”
  • This time it’s going to be an even bigger round of inflation than we had in the 1970s, and the decline in the value of the dollar is going to be worse.
  • Peter Schiff believes that the dollar’s days are numbered and gold is set to outshine and outperform everything else in the short run.

Impact of the impending financial crisis

  • The US national debt is projected to reach unsustainable levels, with interest on the debt potentially consuming 100% of tax revenue in the near future.
  • The tipping point will be when enough people across the globe lose confidence in the dollar and start turning to gold again.

John Rubino: Death By Debt: The Fed's Dilemma

Financial Survival Network...

Summary

The current economic situation may force the Fed to reintroduce Panic QE and that the government’s massive deficit leaves no choice but to print more money, leading to potential economic consequences.
  • The Fed may be forced to reintroduce Panic QE, buying every bond in sight, as a response to the economic situation.
  • The shortage of ICU nurses allows them to choose where they want to live and make a significant amount of money for short-term contracts.
  • The current level of debt makes the economy more fragile, suggesting that the terminal interest rate that starts breaking things would be lower.
  • The FED is still running massive deficits with the economy growing, sparking a big debate about the reason behind it.
  • The government’s massive deficit leaves no choice but to print more money, leading to potential economic consequences.
  • Gold miners are ridiculously cheap right now, with a 25 percentage point gap in performance compared to the NASDAQ, but the reasons for this are unclear.
  • The markets are anticipating a big slowdown, with people buying long bonds and selling oil as a recession anticipation behavior.
  • The big risk is that the government may expropriate what’s in the vaults of the physical ETFs, so it’s important to spread your risk and own physical assets.
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