I think you are underestimating the ability of the FED to print its way out of this. I wouldnt say its as bad as youre suggesting until Trump announces a $1k handout per citizen and the markets still continue to slide.
This is where I should have put it: This little item I found on PAGE 22 of the thread 'ANY VIDEOS YOU WANT TO SHARE'. It vindicates Bill Holter, Egon von Greyerz, Rob Kirby, Peter Schiff & many more who have been teaching anyone who would listen, & makes the resident TROLLS look stupid.
I'm referring to the real economy due to the slowdown in China and the rest of the world amid the fallout of the corona virus, not the stock market. The news out of China is sketchy due to censorship (even VPNs are blocked), but we can assume the worst.
But, but, but, "THE ECONOMY IS FUNDAMENTALLY SOUND". Unknown Official, 1929 _______________________________________________________________________________________________________________ ________________________________________________________________________________________________________________
This will be nothing compared to 2 months later when the commodity producers realise that Chinese demand is not coming back. The corona virus is just a continuation of what happened in HK in 2019.
Stack food, cash (including small change), gold and silver (if you have the possibility), food and medicine, hygiene products.
This is why is started that other thread about why gold is rising. It was just the first phase. Now I am perplexed about why it's not at 1,700 USD at least!
I think the Fed might start an "under the radar" easing and people won't notice. They cut interest rates, but in contradiction - they might start quantitative easing. While the world is busy with the Corona virus and China's downwards trajectory, America might have some "temporary gain" in the current context.
It was over $1700 this morning. The bottom dropped out cuz no one wants the old relic, had to lower prices for anyone to buy. Or Alot of selling of REAL money to cover the FAKE money losses. You decide for yourself. As for me, I'll keep my old relics. Still, only a crazy man would see gold at $1675+ and say it was "down".
America has the geographic and resource advantage. I played the game RISK when I was young. Strategically, America is a competitor but not the real enemy of all the other major powers. The entrance of America into Euroasia after WWII managed to divert the attention of all other major powers from their real enemy - their land border neighbours. https://www.businessinsider.com/how-to-use-math-to-win-at-the-board-game-risk-2013-7?IR=T With America withdrawing, the world is entering dangerous times, or rather, back to the old normal.
Hi All, I'm back after a long break, the game is on this year 2020. I'm of the opinion that this virus is by design to tank the global economy, everything about this virus is so coincidental. Hold on to your hats, the rollercoaster just got started.
Italy suspends mortgage repayments! Can anyone else see the massive threat of a credit freeze looming? https://www.google.com/amp/s/www.bbc.com/news/amp/business-51814481 Edit: it's apparently happening in the UK as well. https://www.google.com/amp/s/www.bbc.com/news/amp/business-51817947
