Gold (SPDR Gold Trust ETF (GLD)) still looks like it wants to break out
somebody is obviously trying to stop
that from happening
or somebody's don't really know who
these sellers are but I do think
eventually whatever their agenda is the
markets are going to overwhelm it.
Nov 24, 2017
Nov 22, 2017
There Is No Way Out, A Crisis Is Coming
There is no way off of this monetary policy. Once you take this much drugs you
can never get off, not without
massive withdrawal and so nobody
politically wants to deal with that
because if the Federal Reserve were to actually not
come to the rescue next time the stock market
wouldn't just go down 50 percent like it
didn't in 2008-2009, it might go down
80 or 90 percent.
Banks would actually fail I mean the government would actually have to default on its debt but I don't think that is gonna happen because nobody in power wants to let that happen and so the US dollar is gonna be sacrificed. But ultimately in sacrificing the US dollar the damage that's going to be done to the economy and to the standard of living of the average American is going to be much greater than had we just bitten the bullet and dealt with the financial crisis.
Banks would actually fail I mean the government would actually have to default on its debt but I don't think that is gonna happen because nobody in power wants to let that happen and so the US dollar is gonna be sacrificed. But ultimately in sacrificing the US dollar the damage that's going to be done to the economy and to the standard of living of the average American is going to be much greater than had we just bitten the bullet and dealt with the financial crisis.
Nov 20, 2017
How Much Debt Can The US Withstand?
We
got 20 trillion in national debt, why
can't we go to 35 trillion? Why can't we
go to 40 trillion?
Why
can't we just continue to increase the
national debt?
It reminds
me of the old adage about how many
straws can you put on a on a camel's
back? You don't know until you put that
final straw that's one too many and then
you break its back.
So, can we go
to 25 trillion? Maybe. But can we go to 30
trillion? We're not going to know. At some
point we're gonna break the back of the
camel with all this debt and then we're
gonna find out how much debt we can pile
on and it's not going to be pretty
because then we're gonna have a crisis.
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