The coming bear market stands to bring greater hardship than the 1930s. People were more resourceful then, with 30% of the U.S. work force tied to agriculture, literally living off the land.
A cross-the-board ‘Debt Jubilee’ might sound radical, but a reading of history shows that retiring debt can actually make a country’s economy, and its indebted citizenry, all the better for it.
As trading kicks off in 2024, precious metals bulls have high hopes for price breakouts. So far in the early goings of the New Year, though, gold and silver markets are pulling back.
One reason the Fed pivot fantasy matters so much is because markets that rise on pure fantasy, eventually fall on reality. Reality always wins. It’s stronger.
I think Powell will cut rates slowly to ensure inflation doesn’t come back in 2025 or 2026. If the Fed cuts faster, it will be because they think the economy is weakening more than we have seen so far.
Hoye comments on the bizarre high gold price prediction of $15,000, urging consideration of the real gold price relative to mining costs amid rising crude oil expenses.
Zero Hedge admits the Fed’s minutes revealed everyone was wrong who believed in a Fed pivot. The Fed is going to run interest high for longer and maybe even higher if it has to.
Murphy discusses the interference of the "gold cartel" in limiting the upside of the gold price. Asian central bank buying is causing the cartel to lose control of the gold market.
Doug Casey says "at some point, there’s going to be a real panic into gold, the only financial asset that’s not someone else’s liability—own gold for safety and insurance."
