VECKA 13
Fredag
29
Mars
BT-annons
2020-05-12
photo


Race to the bottom
Fake money is used to rob people of trillions of dollars. Fake news robs them of what little brain power they had. Fake democracy, the Deep State, and runaway regulations rob them of their liberty. And the longest war in U.S. history robs them of their children and their money.

Klippt från Göran Högbergs finanskrönika!

"There are no problems, only solutions.”
John Lennon

"Härliga tider, strålande tider!”
Thor Modeดn

GURU CORNER
Secession and decentralization are good for two reasons: they move us toward a society with more individual freedom. And smaller more decentralized societies are more economically free.

They cannot allow the dollar to keep rising. If it rises any further, prepare to see an intervention of some sort… either by the President or the Federal Reserve.

If they don’t intervene and the dollar keeps rising, things will start blowing up.

That things go down as well as up… and get worse as well as better… is blindingly obvious to everyone over 55. But it will come as a rude shock to today’s investors.

So will today’s insight: that there are hard seasons in human life as well as soft ones.

Human life is cyclical. It’s not onward and upward forever. There are recurring patterns. Frost as well as warm breezes. Clouds as well as sun.

Even as stocks go up in new, nominal dollars, gold goes up more, leaving them further behind. And our guess is that this pattern will continue, too… and when the Dow finally finds its bottom – its rendezvous with destiny – it will be under 5 ounces of gold.

Typically, these valuation bear markets take a generation to complete and include four to six recessions. We’ve already had two recessions in this cycle, so I’m expecting to see at least two more recessions over the next decade.

If my hypothesis is right, and we’ve got several recessions in a row coming, the U.S. dollar should receive a “safe haven” bid from the world’s pool of capital and savings. It’ll rise against all other currencies.

President Trump, Wall Street and the Federal Reserve won’t be happy about this because it crimps their ability to create inflation.

They’ll work hard to lower the dollar. Gold will rise.

Meanwhile, America’s trading partners, particularly Japan, Germany, and China, will want their currencies to fall, too, because cheaper currencies improve their competitiveness in export markets. So they’ll work hard to lower their currencies as well. The result will be a sort of synchronized global devaluation… or “race to the bottom.”

Which brings us back to our unusual position: The dollar will rise against other currencies, but gold will rise even more. It’s already happening...

Human progress, at least recently, has been largely a shift from brute force to brute fraud.

Fake money is used to rob people of trillions of dollars. Fake news robs them of what little brain power they had. Fake democracy, the Deep State, and runaway regulations rob them of their liberty.

And the longest war in U.S. history robs them of their children and their money.

As for patriotism, they treat it like small change. They use it like the Federal Reserve uses fake money – to rip off the public.

States seek to perpetuate themselves by seizing more control of capital and human beings. Size makes this easier. And every regime would become a mega-state like China or the US if it could.

By our reckoning, the U.S. empire hit the peak of its glory in 1969, and then a final peak in its power and prestige about 30 years later. That was when its fake money and bad policies caught up with it.

Things blew up on September 17, 2019. That’s when the interest rate on short-term loans spiked from 2% to 10% in a matter of minutes.

When you consider the government’s obscene consumption of cash… its inability to fund itself in the public markets… the Fed’s willingness to bail it out… and the likelihood of a coming recession, it’s clear to me the Fed’s balance sheet is going to grow by trillions and trillions of dollars over the next few years.

Med önskan om en spännande vecka!

 
Göran Högberg

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