Gold Looks Poised for Yet Another All-Time High!

That’s What They Want You to Think

On April 14th 1912, the RMS Titanic’s watchers on the crow’s nest spotted an iceberg.

They rang the bells and alerted the command bridge, and the superintendent instructed the crew to reverse the engines and turn left, but to no avail.

The false horizon present on that frigid night made this giant iceberg very difficult to spot ahead of time.

The passengers began evacuating. 705 people were saved, either by somehow surviving the cold waters, or by staying on the life rafts until help arrived.

Just 15 kilometers away from the now sinking Titanic, the SS Californian hears the distress message, but because of an optical illusion during that night – created by an effect known as thermal inversion – it doesn’t see the Titanic. After two hours and 20 minutes, the Titanic sinks, with about 1,520 people onboard.

100 minutes later, the Carpathia would come to the rescue, but it would be too late.

705 people were saved, but the Titanic sank to the abyss with many aboard, including Benjamin Guggenheim, one of the wealthiest mining magnates in the world; Isidor Strauss and his wife, the owners of Macy’s; and John Jacob Astor, the wealthiest man alive (until that night), who was from a family who ruled the fur trade and then became real estate tycoons (Waldorf Astoria).

When the iceberg that is global war hits us, because of lack of decision-making by those entrusted to protect their citizens, history will say that they tried to please idiots within their own party, instead of doing the right thing.

War is the result of good people appearing weak, in the face of terror.

Joe, you are frail. You invite enemies to attack.

I will not be a victim of your ineptitude.

The crack-up boom that we have been seeing after the economy opened up is ending:

Courtesy: Zerohedge.com, Bloomberg

The data doesn’t lie.

What I think you must realize is that after I’ve heard over sixty earnings calls, I can tell you about HALF of the CEOs talked about challenges.

This is not a thriving economy at all.

93% Of Investors Generate Annual Returns, Which Barely Beat Inflation.

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    As I said, the data doesn’t cheat (like the government does):

    Courtesy: Zerohedge.com, Bloomberg

    So, with that behind me, I want to say one thing: If we have entered stagflation, don’t be surprised.

    Regardless of what’s next, I believe the market expectations for rate hikes is crazy…

    The Federal Reserve isn’t about to raise more, but I do want to say that at some point, inflation will be so sticky that you’ll have bi-partisan support for Washington to stop spending after nearly 50 years (since 1981).

    I don’t believe we are there yet, but it is my view that by 2027, the next presidential race (whomever the candidates may be) will be about fiscal responsibility.

    In the next three years, prices will remain terrible and there will be a change in tone.

    I can smell it, but by 2027, I will be able to taste it.

    Big changes are coming and in the next three years, gold will DOUBLE.

    Best Regards,
    PortfolioWealthGlobal.com

    Protect Yourself Now, By Building A Fully-Hedged Financial Fortress!

    Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!

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      Silver Will Hit $35/oz By AUGUST. Take it to the Bank!

      Silver Will Hit $35/oz By AUGUST. Take it to the Bank!

      Investors are bullish. The Federal Reserve has persuaded them that even though interest rates have totally killed housing and other interest-rate-sensitive industries as a whole, the U.S. economy is booming thanks to massive reindustrialization in post-China/U.S. trade-led globalization.

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