The true inflation rate is estimated at 75%, far exceeding the official CPI of 2.6%, indicating a severe deterioration of purchasing power.
The US government’s $36 trillion on-balance sheet and over $1 trillion off-balance sheet liabilities, coupled with a $2 trillion annual budget deficit, can only be addressed by inflating away entitlement obligations.
The US has weaponized the dollar, potentially leading to its devaluation and the loss of its exorbitant privilege in global finance.
Central bank foreign buying of gold has driven up prices, with potential for further increases due to retail participation in North America and Western Europe.
The US dollar’s purchasing power is projected to decline by 70-80% over the next 10 years, potentially causing a sixfold or sevenfold increase in gold prices.
Gold prices are expected to surge for a decade, potentially reaching $33,000 per ounce, driven by concerns over currency value and rising US debt.
Silver has broken out of its long-term range, with demand rising 20% annually for electronics and supply declining, potentially pushing prices to $50-$70.
Eastern central banks are the main drivers of gold prices, while retail demand influences silver, with ETFs being the preferred investment method for large quantities.
The Kazan meeting in Russia may discuss alternatives to the SWIFT system and potentially introduce a gold-backed currency to increase trust and demand.
Despite official numbers showing job growth, the Bureau of Labor Statistics data reveals a decrease in employed people, with most new jobs being government positions.
The US economy faces recession risk as the native-born population falls while the immigrant population rises, despite a 1.6 million overall population increase.
A Central Bank Digital Currency (CBDC) could enable population control through programmable money, restricting transactions for various purposes.
Gold mining stocks are historically underperforming compared to gold prices but are expected to outperform as gold rises, providing leverage to the gold price.
Despite the Federal Reserve raising interest rates from near zero to 5.5% over 2.5 years, major US banks retained over 99.8% of the increase, passing only 0.2% to depositors while reaping a $1.1 trillion windfall.
Banks’ excess payments of $1.1 trillion accounted for half of their total earnings during this period, highlighting the significant profit margins derived from the interest rate hikes.
Since 2008, banks have engaged in cartel-like behavior, effectively outlawing competition and rewriting regulations to their advantage, creating a system that favors their interests over those of depositors.
The Federal Reserve’s policies of money printing, granting exorbitant privileges to Wall Street, and providing permanent bailouts have established a system of financial rip-offs that will persist until the Fed is abolished.
Banks demonstrate asymmetric behavior with interest rates, being slow to raise deposit rates but quick to cut them, which will result in trillions of newly printed money entering the system during rate cuts.
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