2020 Collapse

Holdfast said:
Unfunded liabilities could be a game changer.
When pensions are no longer being paid by states, to recipients like Teachers, Police etc, the States will have to be bailed-out by the Fed.
That's going to cause big problems; the unfunded liability to the Fed could be beyond huge.
o_O
Click to expand...

When it comes to the ability to print money, the power imbalance between the States and the Federation (or Union) become pretty stark. I wouldn't want to be a heavily indebted State labor government relying on a Liberal Federal government (or vice-versa) to start the printing presses to resolve my issues.
 
I wonder what the dollar will do next week and whether that will reflect immediately in gold's price.

At this pace, I think we might easily score 2,500 $ gold in August (and that would be way too modest) if things go on like this. Regardless, I expect higher, above 2,000 $ gold price next week.

Perfect stepping stone towards hyperinflation:
- a -32.9 % Q2 GDP drop
- heavy easing
- slowing economic activity
- increasing unemployment
- some industry branches are completely wiped out or almost entirely eroded (e.g. air travel, tourism, office rentals, real estate, automotive industry...)
- no end in sight due to Corona
 
Still waiting on stimulus approval in the US I thought I would have been through last week. Maybe in the next two weeks. It’ll be +trillion for sure.
 
Everyone waiting on their crumbs and their little piece of freedom given by the masters.

Were you a good little socialist today?
 
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Many people don’t know the difference between left wing socialism and “right wing communism”. They are completely different.
 
Let us not forget: gold is full of paper too, in fact, most of gold's price is determined by paper contracts.

They brought gold's price down 7 years ago. Why couldn't that happen again? :oops:
 
the bull market is expected to top out around 2030

15,000 gold price is about 5X from 3k
and ASE would be 500, about 10X the price today
 
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