There are two important things that I needed to discuss with David Jensen. One, the ongoing dollar shortage and liquidity crisis. Two, the new all-time highs in palladium. Fortunately, he was happy to join me for this podcast and you should be sure to give it a listen.
On Twitter (@RealDavidJensen), David has been warning everyone for months that The Fed's contraction of the money supply was going to lead to some serious liquidity issues...and here we are. As David explains in a discussion punctuated with the three charts below, this is a problem that will only get worse in the weeks and months ahead.
And we conclude with a discussion of palladium as it breaks out to new all-time highs. Earlier this year, we described palladium as a possible "magic bullet" for exposing The Banks' fractional reserve and digital derivative pricing scheme. Could palladium follow rhodium ever higher and lead to a supply shortage and run on The Banks? We'll see....
Thanks for listening and thanks to David for sharing his expertise with us.