The Big Bond Bubble is bursting rapidly now, and it's taking everything down with it, thanks to Fed inflation forcing the demolition of all Fed recoveries at the same time.
Grow a garden or raise chickens. Be as self-sufficient as possible so that you don’t have to rely on your local government food dispensary when things get really bad.
"We have unleashed the inflation genie, and there's no shoving it back in the bottle...If you destroy the currency of the country, people will go to whatever is safest." Gold.
A rally in gold that looks capable of leaving the $2000 barrier in the dust is pushed by the Middle East conflict, a strong dollar, and rising interest rates triggering a crisis for the world’s central banks.
There is increased volatility in the market because you turn on a dime when those in charge decide, "Well, this isn't working, let's try something else."
Markets are finally starting to get it to such extent that Bank of New York Mellon just coined the term "Pantophobia" - a fear of everything - to describe the fear flooding the global marketplace.
Of the four business cycle phases since 1973, stagflation is the most supportive of gold, and the worst for stocks, whose investors get squeezed by rising costs and falling revenues.
Hemingway on bankruptcy: It happens “gradually, then suddenly.” Dalio’s data confirms the U.S. debt situation is deeply problematic, with several scenarios where it goes critical quickly.
