The Central Bankers Have Painted Themselves Into a Corner.
In this report, I review the markets at the end of the week ending on January, 25th, 2019. I look at how the precious metals outperformed most asset classes yesterday and how the fundamental and technical picture for gold and silver look.
Today I also look at how the Fed and the ECB are slowly but surely moving back to an accommodative policy and how it is impossible, in my opinion, for them to go back to a normal monetary policy without imploding the system. The problem is that without withdrawing the Punch Bowl they have also set themselves to an eventual hyperinflationary of a deflationary collapse.
I look into a book called Fiat Money Inflation in France and show how the monetary experiment in France over two hundred years ago will look like a picnic once the current unconventional monetary experiment ends.
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When will everyone come to terms that all this debt can never be paid back. Thanks mike
Imo they should just get together as a world meeting and admit this fact and forgive their debts to each other. No one is gonna get their money back, you are right, and almost every nation, even china , owes too much.
Best that everyone defaults so we can reset this mess of a world economy and never make the same mistake again
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I couldn’t agree more, unfortunately I don’t think they will.
One simple fact is governments all over the world have their population paying these debts through taxes,it’s the many paying the few I don’t think they have any intention of turning that supply of cash off. Thanks mike
That's pretty depressing. Unlike a lot of other people on here, I'm all pretty much for taxes: I read Adam Smith and believe in a lot of what he originally said, like providing education for an innovative workforce. I also believe in health care, as no one deserves to suffer and die regardless of their income. But spending it on debt I never asked for due to poor government spending decisions as well as lining their own pockets to boost politicians to the upper class is NOT what I want my taxes to go to.
I hope the coming decade sees some huge changes. I hope everyone as a people is willing to see a hard time so that we can have a better century and a better form of government as well. This needs to end.
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Yes I agree I believe you should pay some taxes I think you need to so you can live in a Civilised society , but for some reason governments all over the world make a bloody mess of it and there Supposed to be the cleaver ones? Thanks mike
Because for some reason the only people who end up politicians are the unqualified, you dont see the worlds best economists and doctors and other peeps being in charge of the economy and the medical sector xD we see the WEIRDEST people in charge of things instead, politicians for the sake of being politicians and not politicians for the sake of their society.
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Can one use the argument that we have never been here before? The whole world is under fiat. Therefore we cannot historically predict what is going to happen. This is not my argument of course. Great video, thanks.