The more they say they are working to make sure there won’t be any contagion, the more you know there will be. The fact is there is already contagion and lots of it.
Sovereign bankruptcy risks. Currency reset. Global economic downward-spiral. Tsunami of capital headed to the precious metals sector. Imminent run on gold and silver stockpiles?
That is how these big bust events happen every time! They burst on the scenes so big that we are already hearing the bailout bastards beg for help again..
I was writing over a year ago that Powell would not stop till he got to 5% fed funds and 5% unemployment? We are going to get to that 5% fed funds a lot sooner than we get to 5% unemployment.
Axel Merk comments on the heels of instability in the global financial system, amid banking behemoth Credit Suisse Group / $CS / stock collapse of 96% from it's peak on $100 billion withdrawals.
Because of the steady devaluation of the Federal Reserve note, "gains" on the sale of gold and silver may not actually be gains in real terms. It therefore adds insult to injury to force Americans to pay capital gains taxes on imaginary gains.
Pandemic shutdown, related economic dislocations. Post-bubble economic contraction. Gold to energy ratio is favorable. Opportunities in metals mining shares.
Total household debt jumped 8.5% and now stands at a record $16.9 trillion, $2.75T higher than it was before the pandemic. US household debt rose by $394 billion in Q4, 2022..
