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Things Are “Bat-Shit Crazy” Right Now

This article was originally published by Tyler Durden at ZeroHedge. 

*FULL TITLE: Things Are “Bat-Shit Crazy” Right Now – Paul Tudor Jones Likes Bitcoin, Debunks Transitory Inflation Narrative

Paul Tudor Jones, the billionaire investor and founder of Tudor Investment Company, joined the hosts ofCNBC‘s Squawk Box for an early morning interview where he discussed the potential implications of whatever Fed Chairman Jerome Powell decides to tell the market on Wednesday when he speaks after the central bank’s latest 2-day policy meeting.

Jones began by making his position on The Fed’s narrative very clear:

“The idea that inflation is transitory, to me … that one just doesn’t work the way I see the world.”

PTJ isn’t the only big-name investor who is skeptical of the Fed’s inflation narrative (a group that also notably includes Jeff Gundlach). At this point, whenever the Fed does decide to finally taper its stimulus measures, markets are poised to go “bat sh*t crazy”. That’s why this week’s Fed meeting is so important.

“I think this Fed meeting could be the most important Fed meeting in Jay Powell’s career.”

Most expect Powell will once again choose to dismiss signs of intensifying inflationary pressures and ignoring data like last week’s inflation print. If that’s the case, PTJ said he believes investors should keep going all-in on the inflation trade.

“If they treat these numbers – which were material events, that were very material – with nonchalance, I think that’s a green light on the inflation trade,” Jones said in an interview on “Squawk Box”.

“I’d probably buy commodities, buy crypto, buy gold.”

But if the FOMC “course corrects,” something few expect at this week’s meeting, then markets could be in for a pumping ride.

“If they course correct, if they say, ‘We’ve got incoming data, we’ve accomplished our mission or we’re on the way very rapidly to accomplishing our mission on employment,’ then you’re going to get a taper tantrum,” Jones said.

“You’re going to get a sell-off in fixed income. You’re going to get a correction in stocks. That doesn’t necessarily mean it’s over.”

With so much confusion right now, exacerbated by the Fed’s refusal to meaningfully taper its post-COVID-19 stimulus,  PTJ said putting together a portfolio is no easy feat. As of now, he said he’s keeping 5% of his assets in bitcoin, 5% in gold, 5% in commodities, 5% in cash, and, as for the rest, who knows?

Of course, the Fed can’t keep its accommodative measures forever. PTJ said he’s grateful he’s not a pension fund manager because right now between bonds and stocks “they are so overvalued, they are at 100-year highs. I would have as many inflation hedges on as I possibly could.”

At one point in the interview, PTJ reiterated his support for bitcoin, which he previously endorsed on CNBC back in October.

“I like bitcoin. Bitcoin is math. math has been around fro 2 thousand years 2 + 2 will equal four for the next 2k years…bitcoin has appealed to me because bitcoin is a way to invest….do i want to have faith in that same reliability and consistency of human nature…”

As for bitcoin’s environmental impact, PTJ acknowledged that this might be a problem:

“it costs more to mine gold than it does to mine bitcoin. clearly, I’m concerned about the effects of bitcoin mining…if I was king of the world I would ban bitcoin mining until we found a better way.”

“I have a lot of friends heavily invested in crypto. I have a defensive position for myself and for my family, but I don’t even look at it any more.”

Tudor also offered some skepticism about the Fed’s strategy, saying that over-inflated financial assets are making him nervous.

I hope that we mean revert back to financial orthodoxy. I get nervous…

…you could argue that the Nasdaq is going to go up 20% if we stay at this pace in Treasury purchases…

I don’t know if that’s necessarily a good thing. I don’t know if continuing to increase valuations through monetization is the right course.”

Finally, CNBC’s Andrew Ross Sorkin finished off the interview with s simple question about taxing billionaires, which has been heavily in the news over a couple of weeks.

Watch the full interview below:

The post Things Are “Bat-Shit Crazy” Right Now first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Biden’s Plan For Hyperinflation: You Haven’t Seen Anything Yet

Joe Biden has released a budget/spending plan for the fiscal year 2022, and it is going to result in the destruction of what’s left of the United States dollar and hyperinflation that could rival Venezuela’s. The $6 trillion plan caused stocks to soar upon the announcement.

Does anyone still think the government works for them? I’ll be the bearer of bad news. They don’t. They have never, and they never will. They are in it for power and money and use the monetary system to control the slaves. If that isn’t obvious to you yet, you’re living under a rock or choose to not wake up to reality. For those who do care about their freedom, this plan is simply sinister.

“We are in economic freefall”, as Greg Mannarino says, and it will get worse.

According to a report by ZeroHedge, stocks initially knee-jerked higher, then retreated on the headlines reporting the proposed budget, which Biden can pass through the Senate using budget rules that allow Dems to circumvent the filibuster. According to the New York Times, it calls for the highest sustained levels of federal spending since World War II.

The mainstream media thinks this is just a fantastic idea, while the rest of us should know by now that inflation is the worst tax and hyperinflation is a quick and massive wealth transfer from the bottom straight to the top. Calls for spending at this level will have an effect on the already almost dead U.S. dollar. It will also impoverish those living on the edge. It appears that since they couldn’t completely take down the U.S. with a lockdown, they’ll try via the slaves’ monetary system they set up to keep us in line.

According to the NYT, the increase in federal spending, which follows both the COVID stimulus and Biden’s “Build Back Better” infrastructure plans, will be driven by “Biden’s two-part agenda to upgrade the nation’s infrastructure and substantially expand the social safety net, contained in his American Jobs Plan and American Families Plan, along with other planned increases in discretionary spending.”

Don’t worry, slaves. Biden plans to steal more of the fruits of your labor. He is expected to raise taxes and increase spending on tax enforcement, the annual deficits in Biden’s budget projections wouldn’t start to wane until the 2030s. Meanwhile, Biden’s “ambitions to wield government power to help more Americans attain the comforts of a middle-class life and to lift U.S. industry to better compete globally in an economy the administration believes will be dominated by a race to reduce energy emissions and combat climate change.”

They see us as slaves. It’s time to wake up. We had better take a stand or we will subject your children to the worst dystopian life anyone could fathom. Government is slavery. It can be nothing else and it doesn’t matter which side you are on.  “Less” slavery is still slavery. You are either free or you are not.  We need to break the brainwashing and the invisible chains around our necks before it’s too late.

 

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Get Ready For The Most Painful Inflation Since The Jimmy Carter Years Of The 1970s

This article was originally published by Michael Snyder at The Economic Collapse Blog. 

If you are too young to have been alive during the 1970s, you might want to read up on that decade, because current economic conditions are starting to become eerily similar to what we experienced back then.  In the 1970s, an energy crisis caused tremendously long lines at gas stations all over the country.

In 2021, we don’t have a shortage of gasoline, but shortages of other key products are starting to cause very serious problems.  In fact, as you will see below, even the Biden administration is publicly admitting that there will be “supply chain disruptions” in the months ahead.  The 1970s also featured extremely painful inflation, and I certainly don’t need to tell you that prices have been rising very aggressively lately.  In fact, Bloomberg is using the term “skyrocketing” to describe the “upward trajectory” of commodity prices…

The prices of raw materials used to make almost everything are skyrocketing, and the upward trajectory looks set to continue as the world economy roars back to life.

From steel and copper to corn and lumber, commodities started 2021 with a bang, surging to levels not seen for years. The rally threatens to raise the cost of goods from the lunchtime sandwich to gleaming skyscrapers. It’s also lit the fuse on the massive reflation trade that’s gripped markets this year and pushed up inflation expectations. With the U.S. economy pumped up on fiscal stimulus, and Europe’s economy starting to reopen as its vaccination rollout gets into gear, there’s little reason to expect a change in direction.

Over the past year, the Federal Reserve has pumped more money into the financial system than ever before, and the U.S. government has been on a wild spending spree that makes Zimbabwe look fiscally conservative.

It was inevitable that this was going to cause rampant inflation, but the numbers that we are starting to see are so crazy they are difficult to believe.  A couple of weeks ago, Charlie Bilello posted a summary of how commodity prices have changed over the past year…

Lumber: +265%
WTI Crude: +210%
Gasoline: +182%
Brent Crude +163%
Heating Oil: +107%
Corn: +84%
Copper: +83%
Soybeans: +72%
Silver: +65%
Sugar: +59%
Cotton: +54%
Platinum: +52%
Natural Gas: +43%
Palladium: +32%
Wheat: +19%
Coffee: +13%

At this point, nobody can deny what is happening, and even the Biden administration is admitting that there will be “supply chain disruptions” and “transitory increases in prices”…

Council of Economic Advisers chair Cecilia Rouse said on this week’s broadcast of “Fox News Sunday” that they expect to see some “transitory inflation” as America is coming out of the coronavirus pandemic.

Anchor Chris Wallace said, “Can you guarantee with all this spending that we are not going to have a new round of overheating the economy and serious inflation?

Rouse said, “These are very serious concerns, and we know that coming out of an extremely deep recession that there are going to be bumps along the way. We expect that there is going to be supply chain disruptions. That will cause some transitory increases in prices.”

Biden administration officials would like for us to believe that this inflationary period will just be “temporary”, but exactly how do they plan to achieve that?

Do they have a plan to somehow pull trillions of dollars out of the system?

No, they are planning to borrow and spend trillions more.

In the 1970s, double-digit inflation made headlines for years on end.  Many people believe that we are well on the way to a return to such levels, but according to John Williams of shadowstats.com, we are already there.  In fact, if inflation was still calculated the way that it was back in 1980, we would already be in double-digit territory.

And for certain items, we are already seeing inflation that is off the charts.

For example, the price of corn is up more than 30 percent so far in 2021…

From tortillas to cornbread, some of your favorite corn-based dishes may go up in price late this summer.

Corn has been leading the rally among grain commodities, rising more than 30% in 2021, according to MarketWatch.

Corn is used in hundreds of different products at the grocery store, and so this is going to dramatically affect the food budgets of millions upon millions of American families.

Meanwhile, we continue to see more shortages start to emerge.  Last week, the mainstream media was freaking out over our new nationwide chicken shortage

A chicken shortage is taking place across the country, much of it fueled by the chicken sandwich craze at fast food chains such as KFC and Bojangles, which are having a hard time keeping up with soaring demand. Experts say February’s massive winter storm in Texas also contributed to gaps in the supply chain.

That shortage is supposed to be “temporary”, but analysts are warning that the current computer chip shortage could last until 2022.

But despite all of the problems that I just detailed, Americans are increasingly optimistic about the future.

In fact, one recent poll found that a whopping 64 percent of all Americans “are optimistic about the direction of the country”

Nearly two-thirds of Americans (64%) are optimistic about the direction of the country in the poll, which was conducted by Ipsos in partnership with ABC News using Ipsos’ KnowledgePanel.

And Americans are also extremely optimistic about the stock market.  If you can believe it, Americans now have more of their assets invested in the stock market than ever before

Individual investors are holding more stocks than ever before as major indexes climb to fresh highs. They are also upping the ante by borrowing to magnify their bets or increasingly buying on small dips in the market.

Stockholdings among U.S. households increased to 41% of their total financial assets in April, the highest level on record. That is according to JPMorgan Chase & Co. and Federal Reserve data going back to 1952 that includes 401(k) retirement accounts.

Most Americans seem to believe that happy days are here again, and the stage is set for an immense nationwide emotional meltdown once this “bubble of hope” inevitably bursts.

Anyone that believes that things are going to get better has a fundamental misunderstanding of the times in which we live.

We have just been through the most painful year for the U.S. economy since the Great Depression of the 1930s, and I know that most people would like to see things turn around, but that simply is not going to happen.

Very dark days are ahead, and those that are trusting Joe Biden to save America are going to be bitterly, bitterly disappointed.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The post Get Ready For The Most Painful Inflation Since The Jimmy Carter Years Of The 1970s first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Biden Wants To Steal More Of Your Laboring Energy

Joe Biden has proposed a tax increase of $1 trillion. After giving the peasants a pittance in stimulus money because the ruling class destroyed the economy over a scamdemic, the master is now demanding you pay them more of what you earn.

Taxation is theft, it always has been and always will be. if anyone has a higher claim over your life, property, or laboring energies, they are your master and you are their slave. Now that that’s out of the way, master Biden is proposing stealing more for the ruling class, which hasn’t suffered in the least under its oppressive policies.

According to a report by Market Watch, the White House will propose $1 trillion worth of new taxes, according to Sarah Bianchi, head of U.S. public policy and political strategy at Evercore ISI and the former director of economic and domestic policy for then-Vice President Joe Biden.

Have you wondered why Biden wants the minimum wage raised? Not only will it put people out of business, but the extra income for those left employed will also go right into the pocket of the state. The rulers win either way.

Officials including Treasury Secretary Janet Yellen have started suggesting what will be in the White House plan. Bianchi says hiking the corporate tax rate to 28% from 21%, establishing a global minimum tax, and raising what’s called the global intangible low-taxed income rate to 21% will be in his plan. The plan will probably include nearly doubling capital-gains taxes on those with income over $1 million, and likely will include taxing unrealized gains at death, ending carried interest, and raising the top individual income tax rate. –Market Watch

One more step towards the New World Order of slavery and totalitarian control is in the works.  Unless people wake up en masse and refuse to pay these tyrants this year, we have a rough 13 months until tax time approaches in 2022. Luckily, some of the rulers know that raising taxes too much (stealing too much from the slaves) forces them to wake up to the reality that they are being ruled over and controlled. That’s what they cannot have happen.  They need people beholden to the state and on their knees in servitude for as long as possible.

Bianchi says Congress isn’t likely to swallow the whole proposal — she suggests it will only agree to $500 billion of new taxes. For instance, Congress may agree to increase the corporate tax rate, but only to 25%. She says Congress will agree to end carried interest, and is likely to approve increasing the top individual rate of taxes, but won’t be as eager to increase capital-gains taxes. The global minimum tax that Yellen has floated also is considered unlikely to pass. –Market Watch

Taxation is theft. Government is slavery. Democracy is mob rule. This is undeniable and becoming more clear by the day. We need to stand together and peacefully refuse to pay the master any longer. There are more of us than there are of them, and they know it. Once we stand together, it’s over.

 

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Stimulus Addiction Disorder: The Debt-Disposable Earnings Pyramid

This article was originally published by Charles Hugh Smith at Of Two Minds Blog. 

One glance at this chart explains why the status quo is locked on “run to fail” and will implode in a spectacular collapse of the unsustainable debt super-nova.

For those who suspect the status quo is unsustainable but aren’t quite sure why I’ve prepared a simple chart that explains the financial precariousness many sense. The chart depicts the two core elements of a debt-based, consumerist economy: disposable earnings, defined as the earnings left after paying for essentials which can then be used to service debt and debt.

In other words, if all the household earnings are spent on non-discretionary expenses (rent or mortgage, taxes, food, utilities, healthcare, etc.) then there is no money left to pay the interest and principal on a loan. Lenders consider this household uncreditworthy for the simple reason that their earnings cannot support the monthly nut of debt service (interest and principal).

Note the word earnings as opposed to income. Social entitlements such as Social Security are income but they are funded by taxes paid by those with earnings. (All of America’s social entitlements are pay as you go–the trust funds are PR fiction.) The investment income (interest) paid to owners of Treasury bonds is also paid by taxes on earnings.

All the interest and principal of the debt is ultimately paid out of earnings, either private-sector debt paid directly out of wages or public-sector debt paid out of taxes which are paid out of earnings.

The problem with servicing debt out of income is two-fold: one, earnings of the bottom 95% have been stagnant for decades, which means earnings aren’t actually rising in terms of the goods and services they can buy, and two, the cost of non-discretionary expenses (essentials) has been rising, especially the big-ticket costs such as housing, healthcare and higher education.

You see the problem: since earnings are flat and the cost of essentials is steadily rising, there are fewer disposable earnings left every month to service debt. This is a problem in an economy like America’s that depends on debt-funded consumption to fuel “growth.” No increase in debt means no increase in consumption which means no “growth.”

In response, the status quo–the Federal Reserve and the federal government–have played two financial tricks to maintain the illusion that earnings can support more debt: one, the Fed has lowered interest rates to near-zero, reducing the costs of mortgages (but not the sky-high interest rates charged on student loans or credit cards, of course) so the same stagnant earnings can support a much larger mortgage, and two, the federal government has increased its own borrowing to fund various stimulus programs, most of which are corporate welfare to monopolies and cartels in the form of subsidies, tax breaks, government contracts, etc. But as the consumerist economy weakens, the government is increasing its stimulus to households as well–all with borrowed money that is theoretically serviced by taxes on earnings.

Alas, these tricks are not sustainable. Interest rates can’t go lower than zero without bankrupting the banking sector, and federal spending is completely untethered from tax revenues.

The “solution” is obvious: borrow the money needed to service new and existing debt. This is the definition of a zombie economy comprised of zombie companies and zombie consumers that need to borrow more to sustain the illusion of solvency, i.e. that their disposable earnings are sufficient to service all their debts.

Notice that the debt-disposable pyramid is inverted: an ever-larger amount of debt is being piled on an ever-shrinking amount of disposable earnings. The trick of borrowing more to make the payments on the existing debt and fund new consumption results in a compounding of debt, not an arithmetic (linear) increase in debt: debt grows geometrically while the disposable earnings needed to service the debt remain stagnant.

The only “solution” left is Stimulus Addiction Disorder (SAD): the Fed must create trillions of dollars out of thin air to buy the Treasury bonds that are sold to fund trillions of dollars in stimulus–not once or twice, but from now on until the entire travesty of a mockery of a sham collapses under its own weight of flimflammery and fraud.

Artifice, illusion and simulacra are not real, and what’s not real vanishes back into the air whence it came. One glance at this chart explains why the status quo is locked on run to fail and will implode in a spectacular collapse of the unsustainable debt super-nova. SAD, to be sure.

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Digital Dollar Is A “High Priority” For Those In Control

A new monetary system, in which the few control the many, is a “high priority” for central bankers and the ruling class.  With a digital dollar, humanity will be completely controlled, dominated, and enslaved in a system set up by psychopaths.

One of the best and easiest ways to control humanity has been by controlling what people can buy and sell, when, and in what quantities. With a digital dollar, the rulers can shut off your access to the pittance of universal basic income if you dare to step out of line and disobey your master. There will be no freedom if we allow the ruling class to institute a digital dollar.

But that’s a priority and all a part of the constant stimulus.  They must first destroy your ability to make a living, then make you dependent on them.  Once that happens, agreement to a digital dollar will be easy.

Federal Reserve Chairman Jerome Powell told Congress on February 23 that the board is looking carefully at issuing a digital dollar, calling it a “high priority” project. He cautioned, however, that “significant technical and policy questions” are related to such a move, according to a report by Coin World. 

Cash now composes just 20.5% of all in-store payments globally, down by nearly a third from 2019, and it is expected to decrease further in the next few years. Part of this is people’s move away from centralized currency scams like the dollar, and into cryptocurrencies.

Powell said that since the dollar is the world’s reserve currency, the U.S. does not need to be the first to issue a digital currency, but to maintain the dollar’s status, it has “to get it right.” And by “get it right,” he means they need a propaganda campaign that will convince the slaves to go along with permanent shackles. From cradle to grave, they will own you (to an even larger extent than they already do) and sadly, most will be ok with it, as long as they get a meager cut.

Remember, globalist and Great Reset backer Klaus Schwab says “you will own nothing and you’ll be happy.” That’s because they don’t intend to ever give you enough to actually live on, leaving you on your knees begging for them to allow you to survive. For anyone who can see through the facade, this is truly a sinister plot, and if we ever expect our children and grandchildren to be free, we need to make sure we do not ever accept this outright enslavement of humanity.

Stay alert and prepared. Make sure you use discernment and continue to build your critical thinking skills.  Nothing will be more valuable in the coming year.

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GOLD COMEBACK: HERE’S THE BLUEPRINT!

This article was contributed by Portfolio Wealth Global. 

Gold does not directly correlate with the dollar. This couple has ceased from trading inversely to each other for many years. It’s very common to see a strong dollar and a strong gold rally, as well as a weak dollar (like right now) along with a weakening gold price (like right now). So, if the dollar isn’t the leading indicator for future gold prices, then what is?

The answer isn’t government debt either; the federal deficit and the national debt pile are contributors to the macro case for owning and storing precious metals, but the debt rises by the second, so if that were the case, gold would always go up.

It’s not inflation either; there’s inflation in the system inherently. Our global economy keeps adding more currency to circulation with each passing year and gold has been rising at more than a 1.6% pace, which is what the Federal Reserve cites as its gauge for CPI (Consumer Price Index).

Inflation and gold correlate much more once inflation becomes a noticeable issue, which any person can see and recognize. The truth is that the average American not only does not know how to define the term monetary inflation, he also has no idea what the consumer price index is – which means that inflation isn’t a hot topic, mentioned daily by influential figures.

Courtesy: U.S. Global Investors

This, as you can see, is an inverse correlation at its best. Bond yields, especially real yields, are the best barometer for where gold is headed next. Real yields are the result of discounting CPI from the nominal 10-yr bond yield.

Right now, the 10-yr bond is 0.84%. Because inflation is higher than that in the United States, there are negative yields, when accounting for real life. If one lends the government $100,000 for a decade, receiving 0.84%/annum, while his purchasing power erodes by more than that, he’s actually banking a guaranteed loss.

In that type of world, one is incentivized to allocate a portion of his savings towards precious metals, since bonds don’t offer much of an alternative to cash.

But, if the sentiment on the street is that this trend is reversing – which means rates are headed higher, while inflation stays tame, causing negative rates to disappear – the reason to own gold, as a trade, goes away.

This is what’s happening right now: Wall Street is convinced that rates bottomed in March and after six months of recovering from the initial shock, lenders have more options to choose from, so they’ll demand higher rates from the U.S. government.

Courtesy: Zerohedge.com

We do not anticipate inflation remaining the same as today. In fact, with the latest reporting about oil prices in 2021, it seems that the street doesn’t either.

On top of that, as you can see above, the markets are euphoric, with valuations resembling Dot.Com era levels. Right after it burst, gold bottomed and then soared for eleven consecutive years.

That’s not what we’re envisioning, but if stocks peak soon and trade sideways for a number of months, gold could do well, as money rotates toward it.

The point is that this slump could be based on a totally false narrative.

So, what we’re doing is building our watchlist and waiting for the SWING, which will occur the moment the trend reverses.

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GOLD COMEBACK: HERE’S THE BLUEPRINT!

This article was contributed by Portfolio Wealth Global. 

Gold does not directly correlate with the dollar. This couple has ceased from trading inversely to each other for many years. It’s very common to see a strong dollar and a strong gold rally, as well as a weak dollar (like right now) along with a weakening gold price (like right now). So, if the dollar isn’t the leading indicator for future gold prices, then what is?

The answer isn’t government debt either; the federal deficit and the national debt pile are contributors to the macro case for owning and storing precious metals, but the debt rises by the second, so if that were the case, gold would always go up.

It’s not inflation either; there’s inflation in the system inherently. Our global economy keeps adding more currency to circulation with each passing year and gold has been rising at more than a 1.6% pace, which is what the Federal Reserve cites as its gauge for CPI (Consumer Price Index).

Inflation and gold correlate much more once inflation becomes a noticeable issue, which any person can see and recognize. The truth is that the average American not only does not know how to define the term monetary inflation, he also has no idea what the consumer price index is – which means that inflation isn’t a hot topic, mentioned daily by influential figures.

Courtesy: U.S. Global Investors

This, as you can see, is an inverse correlation at its best. Bond yields, especially real yields, are the best barometer for where gold is headed next. Real yields are the result of discounting CPI from the nominal 10-yr bond yield.

Right now, the 10-yr bond is 0.84%. Because inflation is higher than that in the United States, there are negative yields, when accounting for real life. If one lends the government $100,000 for a decade, receiving 0.84%/annum, while his purchasing power erodes by more than that, he’s actually banking a guaranteed loss.

In that type of world, one is incentivized to allocate a portion of his savings towards precious metals, since bonds don’t offer much of an alternative to cash.

But, if the sentiment on the street is that this trend is reversing – which means rates are headed higher, while inflation stays tame, causing negative rates to disappear – the reason to own gold, as a trade, goes away.

This is what’s happening right now: Wall Street is convinced that rates bottomed in March and after six months of recovering from the initial shock, lenders have more options to choose from, so they’ll demand higher rates from the U.S. government.

Courtesy: Zerohedge.com

We do not anticipate inflation remaining the same as today. In fact, with the latest reporting about oil prices in 2021, it seems that the street doesn’t either.

On top of that, as you can see above, the markets are euphoric, with valuations resembling Dot.Com era levels. Right after it burst, gold bottomed and then soared for eleven consecutive years.

That’s not what we’re envisioning, but if stocks peak soon and trade sideways for a number of months, gold could do well, as money rotates toward it.

The point is that this slump could be based on a totally false narrative.

So, what we’re doing is building our watchlist and waiting for the SWING, which will occur the moment the trend reverses.

The post GOLD COMEBACK: HERE’S THE BLUEPRINT! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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Alert: The New World Order Is Coming

A New World Order is being pushed through right now. It’ll all start with the monetary system. Make no mistake, they are going to do this, it’s up to us to stop it.

Central bankers are now poised to embark on their biggest power play ever. For years they have lied in wait for the opportunity to make people so desperate that they would willingly accept the chains of their own enslavement in exchange for fiat currency. Sadly, we are now on the cusp of this system rolling out.

Federal Reserve Chairman Jerome Powell, in coordination with the European Central Bank and International Monetary Fund (IMF), is preparing to roll out central bank digital currencies. There will be a universal basic income tied directly to your ability to obey and submit to the bankers’ will. Basically, if you accept this, you will be their slave. They will remove your ability to pay for or do anything if so much as say the word “freedom.”

The globalist IMF recently called for a new “Bretton Woods Moment” to address the loss of trillions of dollars in global economic output due to the world governments’ coronavirus response.

The next frontier of the Fed’s unlimited mandate could be “FedCoin” – a central bank digital currency.

Earlier this month Chairman Powell participated in an IMF panel on international payments and digital currencies. He touted electronic payments systems and raised the possibility of integrating them into a central bank digital currency regime.

Powell has so far declined to outright endorse a move toward a fully cashless system in which countries including China and Sweden are spearheading. But he is on board with the larger globalist agenda of expanding the role of monetary policy in shaping economic and social outcomes. –Activist Post

If we, as human beings, accept this new cashless digital dollar and the universal basic income designed to lure us to it, we will become slaves. This is the end game and the goal – totalitarian control over literally everything includingg people.  And you and I are not going to be the ones holding the chains of humanity’s oppression. We’ll be wearing them.

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Doug Casey: “I Wonder If The U.S. Isn’t Devolving Into A 3rd World Country”

In an interview with Kenneth Ameduri of Crush the Street, infamous analyst, and author Doug Casey. Casey didn’t mince words and came down hard on the ruling class and the establishment terrorizing all of us.

Casey begins the interview by explaining that neither Donald Trump nor Joe Biden said anything of substance during the recent presidential debates. In fact, he wondered “if the U.S. isn’t devolving into a third world county” as the people put all of their hope and faith in the government on one side or the other.

Casey then touches on the subject of big social media giants and their censorship campaign.  He’s hoping that they [social media] are going to  “cut their own throats” by continuing to centralize power and attempt to control speech. He also makes the good point that without direct and indirect subsidies from the government these social media giants would be midgets.

“The Constitution is a dead letter,” says Casey. “It’s a document that exists, but it’s not observed.” He adds that he’s not a fan of democracy either “It’s two wolves and sheep deciding what to have for dinner,”  he says. “Democracy is mob rule dressed up in a coat and tie.”

Casy’s interview sheds light on the biggest problem we face today: politics. The government has initiated a power grab many have missed and even more people are unaware of. Our future is bleak if we continue down this path. The printing of money is going to be catastrophic, Casey says of our economic situation. We will see the destruction of the dollar.

Because of that, he’s staying away from all stocks, except gold mining stocks.

All of the awakening of the coming “Greater Depression” is forcing people to reevaluate central banking and control. This coming depression will be worse than the unpleasantness of 1929-1946, Casey adds.  And a lot of people are figuring it out and dumping the dollar for gold, silver, and Bitcoin.

 

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SUDDENLY SEIZED-UP: Gold Presumed DEAD!

This article was contributed by Lior Gantz of The Wealth Research Group. 

Gold stocks might have peaked for the COMING WEEKS. On August 5th, we may have SEEN THE TOP for the time being.

Just how amazing was the RALLY, which started on March 18th?

  1. The GDX index, which is comprised of the world’s BIGGEST AND most recognized gold and silver miners, has gone from $19 to $44.50, a 134% return in LESS THAN five months.

Year-to-date, the GDX index is up 37%, compared with the NASDAQ 100, which is up only 33%!

With all the noise that the media is making about tech being the GREATEST PLAY ever, a simple low-fee position with GDX has beaten all of these cloud-servicing, Artificial Intelligence and payment processing wonder kids of the cyber world.

  1. The GDXJ index looks to have ALSO TOPPED, and is up 34.9% in 2020, but HOLD YOUR HORSES; that’s 400% more than the average S&P 500 annual return, so I assume you’re not feeling TOO BAD about that!

Still, in a mature BULL MARKET, the GDXJ would handily beat the GDX, so the fact that it isn’t is indicative of FURTHER UPSIDE POTENTIAL.

Courtesy: Zerohedge.com

The way American finance works, with the FEDERAL RESERVE having so much authority to CREATE CURRENCY, the markets have ceased to be “free.”

The big problem with the rich getting richer isn’t that the poor are FRUSTRATED, since entrepreneurs COULD INSPIRE the masses to follow them; the problem is that the wealthy aren’t doing anything that’s REPEATABLE or leaves a trail of guidelines, since all they’re doing is capitalizing on their UNIQUE ACCESS to cheap credit.

When the poor don’t HAVE A PRAYER to join the rich, elevating the collective wealth of the nation, something IS WRONG!

If someone is doing ALL HE CAN and still gets nowhere, we have a structural failure.

For now, this entire CREDIT ORGY is fueling a great party, but what the participants don’t know is that once the music stops, they’ll be asked to pay for this shindig and it WON’T COME CHEAP!

A country like the USA can create many trillions in currency to offset the revenues and the income lost by the pandemic, but it can’t put the genie back in the bottle; this is CURRENCY DEBASEMENT.

Courtesy: Zerohedge.com

The credit expands and generates wealth for equity holders, while the average person GOES DOWN!

No country can thrive as a bastion of capitalism when its citizens have no part in the FUN OF PROFITS, but only toil from dusk ‘til dawn to make ENDS MEET.

I own gold, silver and other safe havens for this reason.

THINGS ARE NEARING a breaking point; it’s just the way it is, unfortunately!

The post SUDDENLY SEIZED-UP: Gold Presumed DEAD! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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Wake UP: As Predicted, LOCKDOWNS Are Back In Some States!

This is incredible. We knew this would happen, and people are falling in line like the good little slaves the New World Order needs them to be.  There are a few states locking down yet again amongst the “second wave” of the scamdemic.

This is a war on us, and a war for our minds, and sadly, too many Americans are still falling for this. If you’re expecting to celebrate your false illusion of freedom on the 4th of July, you will likely be out of luck. CNN reported that “authorities” (power-hungry liars in suits) are trying to avoid the packed beached of Memorial Day on the 4th of July.

At least 12 states have hit a pause on their reopening plans hoping to contain the spread of the COVID-19 scamdemic. Some Florida beaches have already announced that they will be closed for the July 4 weekend. Additionally, in Texas and parts of California, bars were directed to close back down while beaches in Miami, Fort Lauderdale, and Palm Beach were ordered off-limits to the public during the upcoming holiday weekend. In Florida, on-premise alcohol consumption was suspended in bars statewide.

The lockdowns are coming back, and there will be more. People will lose interest or push back, and another crisis will surface. They will do this to break down your mental capacity until you are in so much fear you will willingly accept whatever they tell you in order to have a sliver of your life back, as their slave, of course.

Robert Kiyosaki: What The Elites Don’t Want You To Know

This is all about fear, and if you still buy this narrative, it’s borderline sad. This is about the New World Order, the financial reset that must occur, and the one-world digital centralized currency. This about creating a permanent slave class out of everyone except the few at the top. They must crash all the current systems to bring in the new one of total control and slavery.

Lynette Zang: The Plandemic is a Cover For The “Global Financial Reset”

If you honestly believe that participation in a centralized banking financial Ponzi scheme is less oppressive than leaving the system for decentralized monetary usage than accept the new digital currency and use what the master commands you to. This is a war for your mind and you’ve already been controlled.  If you cannot be bothered to look beyond the illusion created, there’s not much any amount of reading or learning can do for you.

There will be a new digital currency and a reset within one year. They have already announced this. Be it a dollar or other one world currency, (it honestly makes no difference what they call it) because if you choose to participate in that system they will own you even more than they do now with your participation in the Federal Reserve’s enslavement Ponzi scheme.

That is literally not possible with Bitcoin. Again, if you don’t want cryptocurrency, don’t buy any. Get gold or silver or stock up on items that have some value that can be bartered.  But, make no mistake, at some point, you will either have to accept their “mark” and use their centralized currency or be completely free. That’s not a choice I can make for you.

I’ve said it before, and I’ll keep stain it: this ends when we say it does. When we stop obeying and acquiescing. No human has any right that any other human doesn’t. And no amount of voting will make that statement untrue. Either stand up, wake up, or keep consenting. The best thing you can do to prepare for this is to understand what’s really going on.  All your preps are worthless if you think some politician (just another human bein) has some right to them and can redistribute them at will. Everything is worthless if you think others have any kind of power over you.

It Wasn’t The “Virus” That Crashed The Economy, It Was The People Who Obeyed

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