Tuesday With Greg Hunter

7
Wed, Oct 14, 2020 - 9:22am

It's always fun to be a guest on Greg Hunter's USA Watchdog channel. We recorded another segment yesterday and I think you may find it entertaining.

Here's just one snippet from Greg's summary. You can find the entire summary here: https://usawatchdog.com/merry-go-round-of-money-printing-madness-craig-h...

What is Hemke telling people to do in the face of guaranteed massive money printing such as the country has never seen before? Hemke says, “Don’t get cute here. Don’t sit there and think gold is going to pull back to $1,800 (per ounce), so I am going to wait. No man, buy some today, and then if it pulls back, buy some more. We are on this merry-go-round of madness that is not going to slow down. It’s just going to spin faster and faster, and your only protection, your only financial protection is to not save in their phony baloney fiat money, the dollar. Your protection is to save in sound money. Money that cannot be devalued with the stroke of a pen is gold and silver. That’s what I advise. . . .This financial political complex is going to try to keep all of these plates spinning as long as they can. The only way they can do that going forward from 2020 on is an almost unlimited, endless, infinite amount of dollar creation.”

Many thanks again to Greg for the platform to share my views

TF

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AGXIIKSquibLoad
Oct 14, 2020 - 5:12pm

1.3% increase in SS

For wifey and me, SS gives us around 1 ounce of .999 of white shiny each month. I'm ok with that because 24 ounces of AG paid forward maybe this week or next, certain to turn into $50, $100 or more per ounce, front runs inflation quite nicely.

SquibLoadMetalustAur
Oct 14, 2020 - 5:00pm

Re: Torn

"I am torn between a half tank of gas in the Honda, or possibly a medium cheese pizza!"

How about:

  • Flowers for someone you love
  • bricks for someone you don't love
  • some junk silver
  • A trip across any NJ>NY bridge crossing ... if you have a friend with some additional pocket change to chip in.
  • a dozen plus rounds of good factory ammo
  • a stack of yard sale Playboys and a old electric can opener
  • a collection of postcards to mail in to your elected representative telling them to "stick-it"

Enjoy!

zman
Oct 14, 2020 - 4:09pm

Here's the problem-

Here's the problem- socializing the losses on Wall Street isn't 'helicopter money'. Sending out $1200 checks to broke and heavily indebted peasants isn't 'helicopter money', not even close. Check out the velocity of money, it crashed and still remains in the tank. It's not going higher and it will remain at historically very low levels.

The next stimulus bill will likely be more of the same, trillions for Wall Street and crumbs for Main Street. Here's the deal, credit creation is nearly dead at this point, as a result the Fed buying bonds to slightly supplement the difference isn't adding anything extra into the real economy. That's why the fear of inflation doesn't exist today and won't be an issue down the road.

There's not going to be any flooding of money into Main Street, no Medicare For All, no UBI, or anything that stimulates demand. So yes, deficits, debt and the Fed balance sheet will grow even larger in years ahead. But guess what? It's not inflationary at all. Why believe the crooks at the Fed when they keep lying about their goal of 2% inflation? If I was purposely staving the real economy, I would also been spewing the same nonsense they have been for over a decade. Don't believe them, their full of it.

The Elite use crony capitalism to enrich themselves at the expense of the bottom 80% and nothing is going to change that outcome. Wake me up when the peasants have purchasing power and demand starts brewing, otherwise there's no point of getting nervous over the 'money printing'. It's all one big game for The Elite, it's called enriching themselves and staving the peasants with debt slavery.

MetalustAur
Oct 14, 2020 - 10:58am

70 million Americans get 2021 social security COLA increase

1.3% increase commencing in January. I am torn between a half tank of gas in the Honda, or possibly a medium cheese pizza! That sure covers all my inflated monthly living expenses, what say you?

ipreferPHYS
Oct 14, 2020 - 10:01am

PSLV

...something has fundamentally changed with PSLV. it used to kinda even out in terms of its performance when compared to SLV. I'm in a situation where I'm self-directing my 401k, don't have many options but to buy "paper". But, for the last few weeks, PSLV has continuously underperformed compared to SLV. not sure whats going on here, but I'm pretty much done with it.

Oneagleswings
Oct 14, 2020 - 9:34am

Gold

Gold

AGXIIK
Oct 14, 2020 - 9:34am

What kind of day is this one? Dunno!

It could be a Salmon Day. Swim as hard as you can and end the day exactly where you started. There are months like that. There are decades like that too.

Some days are bear days, like yesterday. Yogi Bear, not the great philosopher Yogi Berra; the bear eats you. Boo Boo gets the left overs.

Some days are spawning days. Whoo hooo! Time to make some salmon whoopee. We waited 10 years for spawning days when our gold and silver makes lots more silver and gold.

Off topic? Nope. Salmon come in silver and golden colors just like our favorite shiny. Salmon makes a good meal, 'specially if you catch it yourself.

Keep stackin'

On a side note, for those who feel depressed about present day events and actions in the markets, I was thinking about Senator Dirkson's comment around 50 years ago.

'A billion here, a billion there, pretty soon you're talking about real money'

Back then you could put a man on the moon for $30 billion. Today you can't put a POTUS in the WH for less than $30 billion (sort of)

Back then the US could blow up an entire country for $50 billion. Today you can't build a hospital for $50 billion (sort of)

Back then you could start an entire company for $25,000. Total you can't buy a license for this business without a debt for equity swap through Goldman Sachs for less than $1 billion.

Back then one bread winner could support a family of 5 on $6,000. Today you can't support a family of 5 for less than $60,000 plus $30,000 in government subsidies and tax breaks.

Back then you could bail out a recessionary economy for $100 billion and have money left over to blow up a country, put a monkey on the moon, build 10 hospitals and elect another useful idiot to WH.

Today it costs $10 trillion to bail out the banksters, mega corporations and debt mongrels and there's not a farthing left over. And they all want more and more.

Back then a budget deficit was scandalous if it hits $20 billion

Today the deficit is $4 trillion. Almost 200 times higher. 20,000% higher

Back in the day gold cost $40 an ounce. Now it's $2,000 an ounce. 50 times higher 5000% higher.
This tells me gold is undervalued by around 500%

But here is the good news

Social Security is going up 1.3% Whoo Hoo. Another Dole Geezer salmon year.

Back in the day it was cash and carry. You spend what you had and debt was no problem because it was so small.

We didn't send rockets to Mars, armies over there, bailouts over here and a government that costs trillions and put it on the government credit card

Today the credit card is maxxed out and the creditors are starting to call in the debt. Uncle Sam's credit card is going to get cut up. When that happens we'll all be glad we got some nice stacks of shiny.

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