Things are well and truly turtled when regular news starts sounding like King World News. Great quote: "While policy makers have no endgame, markets do" (Stan Druckenmiller engineered George Soros's bet against the British pound.)
With a stock market at the 3 of a triple top on the decade+ term, what else than a crisis can lay ahead? Of course not an endgame, just a next show to make bank savers waste their $ on temporary increased / frontrunned prices, alike the one of the yellow metal known as gold.
According to that article (in which the author claims the US should be greatly expanding social security), Druckenmiller is bad because he warns about the growing risk of massive government spending on social security. Druckenmiller's "evil" suggestions include means-testing Social Security and Medicare so they go to those most in need; phasing in higher age qualifications for entitlements and cutting corporate taxes to zero as a job creation measure rather than hand out money to those who feel entitled to it.
I think Druckenmiller's mistake is in massively underestimating the lengths governments will go to in order to keep the current order propped up. One of the great tricks has been to convince the general populace that everything is fine, that we are far better off today than yesterday... like in Orwell's 1984 were they say the chocolate ration has gone up (when in fact it has been reduced). There is a lot of propaganda and disinformation on the so-called alternative sites too since they are a perfect channel for manipulating the ideas of those who may feel disenchanted with the message from the MSM. Disinformation is everywhere, and in this environment you have to ask yourself; what can you trust? Silver and gold may be a good answer to that question, or at least not the worst answer.
So you think advice to buy gold and silver is coming from a billionaire conspiracy, and instead we should just keep increasing the debt and put our trust in fiat?
Not at all, though there are people on this forum that I would take financial advice from before I took it from an self interested leeching billionaire parasite like Druckenmiller. "The Gov creates too much debt, it can only end badly. Buy Gold". Dude's a fucking genius.
When he speaks people listen. He's doing it for the people. His entire End Game speech could read as: "Blah blah blah blah blah blah blah sale sale sale roll up roll up...On a final note, what was the one asset you did not want to own when I started Duquesne in 1981? Hintit has traded for 5000 years and for the first time has a positive carry in many parts of the globe as bankers are now experimenting with the absurd notion of negative interest rates. Some regard it as a metal, we regard it as a currency and it remains our largest currency allocation." I doubt he'll make the same mistake ... http://www.colorado.edu/economics/courses/econ2020/4111/articles/soros-fund.html So what's the real end game? A massive position in gold, or the move that comes after that? You need to be one step ahead. Think/bet like a billionaire and you'll go broke (as you have to use your own money).
