How long can an empire sustain the false notion that it isn’t due for collapse? The answer is usually until there’s another rising power to call the bluff and send the indebted falling dominator into an uncontrollable tailspin.
Today, I want to lay out my broad stock portfolio for 2019, as it stands today.
It’s unprecedented and unheard of: we’ve seen the President antagonize the Federal Reserve, calling it the greatest threat to the economy. He’s even threatened to fire the Fed Chairman, which would send the financial markets into a tailspin. Could this actually happen, and who is really in control here?
There’s a de-dollarization process happening worldwide, but from its starting point – high up there on the currency podium – it would take an additional 10-20 years until a new contender can legitimately replace the USD.
When Ben Bernanke mentioned that the Federal Reserve’s political independence helps it make “tough but necessary decisions” for the benefit of the country’s long-term prospects, I nearly burst into uncontrollable laughter.
With the FED pausing rate hikes and with the debate over further shrinking of the balance sheet still at play, holding dollars while the president taunts “the world’s hottest economy” regarding the domestic USA, doesn’t make any sense.
while there’s definitely reason to believe that stocks could rally further, this disconnect between what the U.S. economy needs and what the stock markets want remains a huge challenge.
Society is made up of individuals. In each family unit, street, community, neighborhood, village, city, region, country, and continent throughout the globe, there are people who are currently doing MORE than they’re asked to do while others are doing LESS.
Gold is cooking. Silver is slowly brewing. Once we hit the boiling point, it will make all the years of suffering look pale in comparison to the upside gains.
Highly volatile market environments are extremely bullish for gold and gold miners, and if you’re not allocated in gold right now, there’s still time to take a position and take advantage of what’s coming very soon.
