Golden Rule Radio: Precious Metals Bounce Up While Equities Continue To Drop

This week we review the price movements of gold, silver, US Dollar index, equities, platinum, and more. 

The US Stock market has had a challenging year thus far in 2022 and it is just the start of what is to come as the Fed seems to no longer have the ability to bolster a meaningful comeback in the major indices. 

With all eyes now on the US stock market and inflation reaching record levels, safe-haven assets that offer savers a hedge continue to shine.

- Source, Golden Rule Radio

A food shortage is now a real risk, this is how everyone would be impacted

Will Rhind, CEO of GraniteShares, discusses the risks of a food shortage and investmet implications of inflation with David Lin, anchor for Kitco News.

- Source, Kitco News

The Economic Ninja: Another Large Real Estate Crash Is Coming Soon?

Jason asks Travis about asset prices crashing, deflation and how the Fed is causing more painful and volatile boom and bust cycles. 

Long term Travis is very bullish on Bitcoin, precious metals and many key commodities. 

He thinks that the food and energy crisis will get a lot worse.

- Source, Wall St for Main St

Ron Paul: Liberty Challenged, More Government, More Debt, More War!

With Inflation Skyrocketing, insane spending, and government getting bigger, is this the Economic Meltdown closer than we think.

- Source, Ron Paul

Food Shortages: Biggest Shock Of Our Lifetime Coming, Inflation to Rage

"The food scarcity is real, and it is going to get a lot worse...

The supply chain is in a state of collapse," says Mike Adams, the "Health Ranger," an outspoken consumer health advocate, award-winning investigative journalist, internet activist, and science lab director. 

"Don't panic," he says, "get prepared.... This is going to be the biggest shock of our lifetimes."

- Source, Reluctant Preppers

Dollar Rises Rapidly, Inflation Grows, Gold & Silver's Next Move?

This week we discuss how the dollar is performing versus other currencies amid record inflation that continues to grow. 

What are gold & silver's next move and where will they go during quarter 2? 

We will cover the price movements of gold, silver, platinum, US dollar index, and more.

- Source, Golden Rule Radio

Peter Schiff: The Fed’s Ego Is the Only Thing Bigger Than This Bubble

The Fed insists it can tighten monetary policy and tackle inflation without hurting the economy. Federal Reserve Chairman Jerome Powell and other central bankers claim the economy is strong enough to handle higher interest rates. Peter Schiff said this is just another in a long line of arrogant miscalculations by the Fed.

As the central bank begins to raise rates and gets set to shrink its balance sheet, some analysts worry that the Fed will make a mistake and tighten too much. But Peter said the Fed already made the mistake.

"It’s not about the Fed might make a mistake. They’ve already made nothing but mistakes. The Fed has never done anything right. And because they made so many mistakes in the past, they’ve already doomed us in the future. It’s not about the mistakes they may make. It’s about the mistakes they’ve already made.”

And Peter said given all of the mistakes the central bankers have made in the past, it seems certain there will be more mistakes moving forward.

"The mistake they’re going to make in the future is not tightening too much, but not tightening enough — bowing down to the political pressure once the economy really starts to tank and the markets are deep in bear-market territory. When the Fed takes its foot off the brake and slams it back on the gas, that’s when the economy is going over a cliff because inflation is going to run out of control.”

Peter pointed out the recent plunge in speculative stocks and said it was a function of the mistakes the Fed has already made.

"2021 was peak insanity caused by the most reckless of all monetary policies by the Fed, which created the mother of all inflation. And now the Fed wants to try to put the genie back in the bottle. It doesn’t want to accept any responsibility for having allowed the genie out of the bottle. It wants to blame it all on Putin. It wants to blame it all on COVID. 

But it thinks it’s a simple task to undo the damage. All they’ve got to do is jack rates back up to 2.5, 3%, get there quickly, and because we have such a strong economy with a super-hot labor market, the Fed can do today what it never could do in the past because the economy now is so much stronger than it was in the past. Well, it’s not stronger. It’s just a bigger bubble.”

But the central bankers at the Fed don’t seem to understand that.

"In fact, probably the only thing that’s bigger than this bubble is the egos of the FOMC members and how clueless they are about economic reality.”

The Fed has a horrible track record. Fed Chairman Jerome Powell has been wrong, wrong, and more wrong. But it’s not just Powell. The Fed has a long history of missing the mark.

In 2006 and 2007, the Fed insisted there was no problem in the housing market. When it became clear there was a problem, the central bankers said, “No worries, it’s contained to subprime.” When the financial markets crashed in 2008 and the Fed started quantitative easing, Ben Bernanke said the central bank was not monetizing the debt and that it would sell all of the bonds it was buying after the emergency was over. 

During the pandemic, they said printing trillions of dollars wouldn’t cause consumer prices to rise. When inflation reared its ugly head, they promised it was transitory. Now they’ve conceded it’s not transitory, but assure us they can fix it. They say they can raise rates without hurting the economy.

So, why should we believe them?

Peter said he thinks it’s “three strikes and you’re out.”

"Strike one – subprime contained. Strike two – inflation is transitory. Strike three – we can raise interest rates. The economy is strong enough to withstand it. I think all of the Fed’s credibility is going to be lost when that mistake is revealed.”

- Source, Schiff Gold

Global food supply is now in danger; These commodities most at risk from Ukraine war

“Challenges in the food and energy markets could get much worse and lead to significant disruptions in the global supply chain if the Russian-Ukraine war stretches out longer than expected,” said Ivo Pezzuto, Professsor of Global Economics, Competitiveness, and Digital Transformation at the International School of Management in Paris.

- Source, Kitco News