“Here’s Why The Central Banks Just Crashed Gold & Silver” | Jim Rickards
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8 Comments
How will we paid from the investments Jim suggests when we are on the CBDC system, ie how does he think that will work, nobody has explained this and an explanation would be much appreciated.
Will still be behind equities even in the long run.
I agree with the disinflation scenario, but we'll very likely see abrupt rises in both costs and unemployment as an already-strapped consumer pulls in it horns and business reacts. This will force the Fed to lower interest rates, but any recovery will be marginal for some time because there has been so much mal-investment in unproductive assets, paving the way for a protracted stagflation. The dollar should decline, but that will repatriate a lot of dollars, accelerating U.S. inflation and having minimal incentive for foreign investment here due to global over-indebtedness and similar tepid consumer strength. Looks like a mess to me.
Russia & China are assembling the pieces of an alternative to the hegemony of the US Dollar, backed by precious metals & a basket of selected currencies ??
“Full faith and credit”? 31,000,000,000 serviceable debt is unsustainable and the dollar will crumble as other backed currencies get away from the dollar. Gold will hold its value and reset, giving it a big boost
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022
I no longer wait for grant loan because I earn $46,700 every 10 days
If the T Bills rate fall to 3 – 2 %, why would that be good for Capital Gains?