Embry – Criminal Banks & Commercials Now Short A Mind-Blowing Nearly 1 Billion Ounces Of Silver At The Comex!
All of these changes may begin taking place this year, even over the next six months we might see these changes exerting their effects on the real economy. I remember discussing on a Yahoo message board and on this blog that gold and miners were the place to invest after the collapse of 2008. I remember like yesterday stating that gold would do very well in deflation/inflation/WORSENING stagflation. I remember stating we were heading directly into stagflation. I remember stating the only economic environment that gold and miners did NOT perform well in was slow growth AND low inflation. Guess what picture the true power painted. Slow growth and low inflation.
ALERT: Hedge Fund Legend & Multi-Billionaire Stanley Druckenmiller Just Bought Back His Entire Gold Position!
Stagflation indeed occurred and still is in force. What the true power was able to do was create a an illusion of 2% annual GDP and 1% inflation with improving NFP improvement. All of the headline numbers were a lie to create and illusion to maintain the illusion the fiat dollar and other currencies had value and could hold value against the ONLY competing store of value and that was of course GOLD. It worked. It really is that simple. IT WORKED. But at what cost? There's always a cost. In this case the costs were immense but I just want to speak to a couple of costs.
We expanded the debt on our sovereign balance sheets and our private corporate sheets (eg see share repurchases). We blew up our medicare/social security/EBT etc. Promises we can never keep up in the future. We kept the interest rates at zero and destroyed the retirement funds across the nation and made them basically Bernie Madoff Ponzi pumps.
Now we will see the collision of CONfidence loss and velocity of money. Velocity of money will begin this year to increase with Trumpflation. Chaos will precede AND follow this phenomenon. You must have patience this year, but I think in hindsight it will appear to happen very fast this year. gl