PAUL KRUGMAN, AN INFAMOUS (((KEYNESIAN))), RECENTLY CLAIMED THAT THE PRICE OF GOLD WAS RISING DUE TO A FALL IN REAL YIELDS, NOT BECAUSE OF INFLATION! HIS BELIEF IS THAT INTEREST RATE YIELDS ON TREASURIES AND OTHER SAFE ASSETS BEING NEGATIVE ADJUSTED FOR INFLATION IS THE PRIMARY FACTOR OF DEMAND FOR GOLD, AN ASSET THAT HAS NO YIELD, ONLY CARRYING COSTS! HE DOES...
A FALLING CURRENCY, A FALLING STOCK MARKET, SILVER AND GOLD TAKING OFF! COMING TO A WESTERN COUNTRY NEAR YOU!
THIS RATIO WILL CORRECT AND FILL THE GAP AT AT 104.13! IT WILL BE AN EXCELLENT FINAL OPPORTUNITY TO LOAD UP ON SILVER!
I EXPECT AT THE END OF THIS MOVE EVERYONE WILL BE CALLING FOR DXY 120 AGAIN LOL!
THIS IS EXACTLY WHAT HYPERINFLATIONS LOOK LIKE! CAPITAL CONTROLS, RESERVE SELLING, MONETARY TIGHTENING ALL FAIL! WITHIN 6 MONTHS-1 YEAR YOU WILL SEE A MASSIVE ECONOMIC CRISIS IN TURKEY! THIS SHOULD SERVE AS A WARNING TO ALL OF YOU WHO BELIEVE INTEREST RATES WILL REMAIN LOW IN WESTERN COUNTRIES FOR A LONG TIME! WHEN THEY RISE, IT WILL BE AT AN EXPONENTIAL PACE!
I know what I'm about to say is no surprise to anyone at this point. But the markets make absolutely no sense what so ever right now. What's going on? Why are the markets rocketing; Despite 40 million jobs lost, 10s of thousands of businesses closing their doors forever & riots breaking out in over 400 cities around the country... Simple. $2.8 TRILLION dollars...
STOCKS WILL SURPRISE EVERYONE, CONTINUING TO OUTPERFORM GOLD FOR A LITTLE WHILE HERE! LOOK INTO 1920s WEIMAR GERMANY, THIS IS AN UNMISTAKABLE PROCESS!
A SHORTAGE OF DOLLARS WILL SOON BECOME A SURPLUS OF DOLLARS!
GLOBAL BOND MARKETS ARE SCREAMING "DANGER"!
EURODOLLAR IMPLOSION VS FIAT DEBT-BASED CURRENCY EXPLOSION! JEFF SNIDER VS PETER SCHIFF! WHAT IS IN STORE FOR THE 2020s? 1984 OR MAD MAX? THIS DECADE WILL MARK THE END OF THE EURODOLLAR'S DOMINANCE!
Notice the time period where the rate of change began to significantly increase. Sad that TV doesn't have the data but if you go and look, inflation from 1700-1900 was extremely stable. Not the "2%" per year inflation of today, was more like gradual deflation over time, with certainty that your money would be worth the same 100 years from now. During the...
THE ECB IS PLUGGING HOLES IN A DAM WITH THEIR FINGERS!
CANADA WILL SUFFER FROM HYPERINFLATION WITHIN 2 YEARS! I AM THE ONLY ONE SCREAMING THIS FROM THE ROOFTOPS! THE EVIDENCE IS SIMPLY INCONTESTABLE! LOOK AT THAT SELL-OFF!
Interestingly enough, the long term chart of Bitcoin/Gold - AKA how many gold oz 1 bitcoin buys you, seems to be following the issuance curve of bitcoin supply...which is going to have less and less deflation going forward, due to the principle of Bitcoin. Doesn't mean anything for the U.S dollar price of bitcoin really, just implies that gold will out perform...
READ ABOUT THE STERLING'S FAILURE IN THE 1960s AND THE EURODOLLAR SYSTEM! PETER SCHIFF AND JEFF SNIDER WILL BOTH BE RIGHT! THERE IS A HUGE DOLLAR SHORTAGE, AND IT IS SO GAPING AND OBSCURE THAT THE FED's SOLUTION WILL VAPORIZE THE DOLLAR!
Gold is sporting a ending diaganol pattern which suggests a rally to new highs for the year and possibly to new all time high. and beyond. An ending diaganol at this point so close to the trend high is very strange and seems to suggest that we may be in the early stages of Hyperinflation! $2000 to all Americans......hmmm .... Isn't it funny how charts setup the news!
Back in early October I posted a commodities chart. On that chart I shared my thesis that Gold's 6-year breakout in May would retest and commodities would follow on the next leg up. I later posted that "unofficial QE would add fuel into inflationary forces". With Gold breaking out of its healthy correction, inflation hitting 9-year highs, the Fed saying they will...