Bill’s Commentary:
“When the system comes down and people lose everything, they will absolutely beg for a CBDC and “universal basic income.” So sad …”
Bill’s Commentary:
“Jerome Powell fesses up the truth!”
Bill’s Commentary:
“Like I said a few days ago, we don’t need no stinkin’ economy as long as we have the Dow Jones!”
The Sahm rule has triggered: markets, please prepare for landing
The economic cycle is at an interesting inflection point where the effects of higher interest rates are becoming evident in numerous ways, be it a slowdown in the labour market, falling inflation, or wavering consumer and business confidence. Whilst a lower rate of inflation is welcomed, the important question remains: have interest rates been too high for too long, and has this caused irreparable damage to the economy in its current cycle? In this blog, I discuss the breaching of the Sahm rule, and whether the Federal Reserve (Fed) can manage to coordinate a ‘soft landing’, where monetary policy tools are used to reduce inflation to target levels, without pushing the economy into a recession.
Before assessing whether the Fed might be able to achieve this goal, let’s take a step back and assess how the recent inflation predicament arose.
Bill’s Commentary:
“We (the West) screwed China out of silver over 100 years ago… we’re about to get screwed by multiples as payback. They do, as you know, have a very long lasting memory…”
China’s Strategic Silver Takeover: A Calculated Move to Drain the West
A Hidden War for Economic Dominance
While the world has been focused on the geopolitical tensions between China and the West, a more subtle battle has been unfolding in the global financial markets. China, through a series of calculated moves, has been quietly accumulating vast quantities of gold and silver. This move has signaled a potential shift in the global economic landscape and highlights the developing countries’ need for exorbitant amounts of resources.
Silver: China’s Secret Weapon
In addition to its gold hoarding, China has also been strategically increasing its silver reserves. The Shanghai Metals Exchange has seen a significant surge in silver trading volume, with prices consistently higher than those on Western exchanges. This suggests that China may be deliberately driving up the price of silver to drain the West’s resources.
Bill’s Commentary:
“I wish Erik would just tell us how he really feels instead of holding back so much…!”
The latest from Erik –
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