President Trump knows very well how businesses can go bankrupt and is especially familiar with what happens when you go from superstar to broke.
When people read books about our times 80-120 years from now (which will describe the conditions that led to the worst financial crash this world will have ever seen), readers will demand to understand how billions of people from all walks of life chose to believe in fiat currencies, government bonds, and paper derivatives over hard money.
Warren Buffett hasn’t been able to beat the indices for seven straight years. That has NEVER happened before in his whole career. It’s a great indicator of how the past 10 years have been remarkably different than those before them for investors.
Why can a country like Bulgaria issue bonds and pay 0.38% to its lenders, while other small nations that have economies that are far more risky than the U.S. has, pay their lenders NEGATIVE RATES, while the Treasury Department offers them nearly 600% more, over a 10-yr period?
I’ve spent hours listening to Jerome Powell’s testimony before Congress, which included some incredible revelations.
People are furious at silver. I mean, investors who bought silver for the past eight years are seriously biting their lips and cursing within. It has traded in correlation with copper and oil, not with gold.
There are a number of converging elements in the global economy that we must be conscious of and alert to right now. First of all, the markets are trading at all-time highs and this economic expansion is now, officially, the longest in U.S. history.
I’m 100% certain that the global economy could face a real moment of awakening in the coming crisis. Specifically, middle-class demographics around the world will get massacred.
It’s important to understand that there’s a huge difference between the rich, who are the wealthiest 20% in this country, and the elite of this world.