Tuesday, August 31, 2021

Newsmax's Steve Cortes Blasts The Fed For Crushing The Middle Class & Protecting Biden

Former Fox Business anchor Trish Regan spoke with former investment manager turned White House advisor turned Newsmax host Steve Cortes on her podcast called "American Consequences" about the Federal Reserve decimating the American middle class.

Before Regan spoke with Cortes, she provided readers with a backdrop of the word "transitory" and how The Fed ignores soaring prices of goods and services. Heck, it's a brilliant strategy by the Fed because if six months from now prices are still increasing, Chair Jerome Powell will merely say inflation remains transitory. Still, in reality, it's not and becoming more persistent...

Regan asked a very important question during in the intro of the podcast: How long can the middle class handle surging stagflation: soaring gasoline and supermarket prices and barely any real wage growth (on top of new virus restrictions).

She said the 11-14% food price increases at the supermarket are beginning to dent consumer sentiment, adding that middle-class wages adjusted for inflation aren't going as far as they used to. Many folks are living a different life than they were in pre-COVID times, and they're becoming furious that the American dream is collapsing in front of their eyes.

Regan adds a confluence of bad events, such as inflation, souring consumer sentiment, and the Afghanistan withdrawal debacle is damaging people's perception of the Biden administration.

And to circle back to the Fed, she said unless Powell and his gang of monetary wonks begin to taper or at least raise rates in the near-term, the inflationary impact will continue to crush middle America. She added that if inflation is not tamed and the Fed had to resort to former Fed chair Paul Volcker's move for drastic rate hikes to curb inflation, it would severely impact asset prices, such as stocks, bonds, and real estate.

- Source, Zero Hedge

Sunday, August 29, 2021

David Smith: Bitcoin Won't Stop! $150 Silver and $9000 Gold Coming Also

Senior analyst David Smith sees $150 silver and $9000 gold reachable even as the cryptocurrency space expands. "Silver, gold, and Bitcoin are partners in asset allocation and asset preservation," he says, "not competitors."

Friday, August 27, 2021

Wolf Street Report: The Most Monstrously Overstimulated Economy & Markets Ever

The Fed will trim back its stimulus, but it’s already too late, and it’ll be too little and too slow...

Thursday, August 19, 2021

All About Silver With David Morgan

I am joined by Precious Metals Guru, David Morgan in the first of a 2 part video series. 

We talk about the role silver has to play as real money and as hedge along with gold and Bitcoin against currency debasement. 

Plus what is going on with the world of semiconductors and tightening silver supply?

- Source, David Morgan

Friday, August 13, 2021

Golden Rule Radio: Gold's Weekend Drop Explained

Gold saw a sharp correction Friday and Sunday evening, which led to the metal hitting a key support level and bouncing off of it, to push back up to $1750 mid-day Thursday. 

We explain the fundamentals behind gold's long term bull market trend as well as look at silver, platinum, the US Dollar, and equities markets.