Currently Gold & Silver are your only friends in time of chaos. While the world watches the collapse of the “wallpaper currency” they wonder what comes next. No country has ever survived the ubiquitous, salicious, superflous printing of their currency. Think Weimar. They said it couldn’t happen, but it did.

Soon, a new and ambitious plan will be put forth, replacing all of the Western monetary schemes because this Ponzi Scheme has gone on far too long. Expect Gold to reach $10,000 per ounce at the least and Silver to vault to levels beyond your imagination – $200 is not beyond the realm of possibility.

PAPER HANGER LARGESSE – TIME TO REVERSE THE FAVOR

From October 2014

Where have all the Keynesians gone? Hanging paper on the masses is their forte. The more they hang, the faster the economy runs, the employment ranks swell on the way to universal bliss. It is not turning out that way. Financial Armageddon awaits billions; the blame goes to the ability of governments to print fiat money (funny money).  Europe, in the throws of a imploding economy, China in a sink hole, Japan unable to grasp the brass ring, Latin America at the beck and call of the Marxism Chavistas, but last but not least the United States; they take the gold, really from all of its productive workers – deserving the moniker of  the paper hanger of all time.

QE I, QE II, QE III, a 17 trillion largesse machine built on plastic, IOU’s; give us credit and we will party like there is no tomorrow say the political scions. A champagne taste with a beer income.

Robots feasting on menial jobs, greens cogging the wheels of progress, social progressives preventing everything from fracking to pipelines.  Yet the bloated bureaucracy continues to eat at the taxpayer’s troth.  When will the insanity end? When will “we the people” capture Washington and bring those who created this mess and stole our lives to justice?

From October 2024

According to the street, Powell has done a good job so far, but he doesn’t realize that an ICEBERG which is growing by the day is staring him in the face; yes the $36 Trillion budget deficit. At this point in time there is no place to hide. What is driving interest rate changes is not Powell but those who loan the U.S. money to pay the interest on the debt.

We are in the proverbial rock and hard place; the interest on our debt is so high that is gobbling up our budget. Soon, the interest will consume 25% of it. In other words, we are on the verge of BANKRUPTCY. But Don’t panic because for the U.S. to attract money they will have to raise interest rates from the paltry pennies they give you now.

We are not soothsayers here, but an interest rate between 7-9% will be needed to attract creditors to fund our debt. This will be like a Molotov Cocktail thrown at a gas station, soon a monetary explosion will occur. And they, the government knows it, but won’t speak about it, thinking it will go away or just plain old kicking the can down the road.

As we said above, ‘don’t panic’ you are about to receive the right interest rate for loaning the government money. Instead of the current 4.75% interest that money market funds pay, you are about to see a rate far above that on the horizon. We predict that in one year, two at the most, the government will have to shell out 9% at a minimum to convince creditors to cough up a shekel or two.

The almighty greenback is not worth the paper it is printed on. You know it, we know it. The past maybe prologue here. Back in the day $35 of them would fetch you one dollar, paid to you by Uncle Sammy. Today you are looking at $2650 an ounce. Stay ahead of inflation, buy today. Protect yourself from the monetary Armageddon.

And another way to play the Powell Policy for the time being is GOLD. As the interest rates crater, maybe to 3%, give or take, Gold will break all records. Most likely it will see $3,000 and if fear enters the picture, look for $4000 to $5000. This scenario is not something to fear, but to be involved in now. Silver too, will catapult to the $50 level. It is time to get the insurance you need. Gold is good as Gold.