Next week's Jackson Hole meeting is critical to the perception that THE FED has lost the plot. Sorry, with the overnight costs next week, I'll have to miss the meeting. _JLG.
Just watched this interesting vid on the US stock market. The analysis used was looking at not only price movements in the stock market v stock market declines but also price momentum across the 1920/30's, 1980's and 2005 to date to show when the pull backs occurred and why.
Yep, the Central Banksters are $#!TT!NG themselves, thinking about Gold & Silver & worried about their TOILET PAPER & their DIGITS.
Nothing to worry about.....reggae will save the day. Kudos to ABC Bullion / Bron S for pointing this vid out.
JohnGalt: I think a plethora of "Central Banksters" and the ones alike have been stocking up on PM's for decades. FIAT is "for the rest of us", just like good-old Frank Costanza invented "Festivus for the Rest of Us" (as a Christmas replacement for non-Christians and atheists). "Festivus" is the "bizarre Christmas-replacement". FIAT is the same. It's for the masses, but the "gangsters" (banksters) know that very well and I'm sure that they are PM stackers (behind the stage). For me, FIAT is like soy (a meat-replacement that will never have the taste, nor the proteins of a delicious stake).
Definitely not a video to be missed. His deductions are fairly clear and transparent. Its going to be a hard crash when it happens.
Going by the responses it sounds more like its not if there's a financial collapse coming but when My question though is who thinks it will be a deflationary contraction leading to economic collapse or a hyper inflationary event? Carrying personal debt in the first scenario can be wealth ending, not so in the second
Here's another: https://www.cnbc.com/2019/08/21/negative-yielding-debt-poses-major-risks-for-investors.html
Well we are all going to be watching 2631. And then 2651 and so on. Somehow things feel just a little too strong for a big crash this October. Come what may I am as ready as I ever have been.
More & more world currencies collapsing against Gold. These charts are from a KWN article by Egon von Greyerz.