In an interview I just did with Palisades Gold Radio, I talk about - among other things - the two catalysts I see for gold ripping higher. We also talk China, the Fed & crypto.
Is there an app that transcribes podcasts so I can read them in say 10 minutes instead of sitting for an hour, listening?
I hate the "this time it's different' expression and one should always be enormously careful when using it, but I'm not so sure if the Fed is going to pivot when you look at the enormous Marxist ideological component that has crept into ALL institutions. It started relatively (!) innocent a few decades ago with Keynesianism, QE and ZIRP, affirmative action, welfare, etc, but in the mean time (as we've seen with the Canadian Truckers, the Dutch Farmers, and the Covid Sceptics) the police, intelligence community and the tech giants have been brutally suppressing any dissident who deviates from the official party line. Definitions about what constitutes a recession, a pandemic, natural immunity, a woman, etc, are being rewritten in front of our eyes. Do you think a operating stock market, banks, and "market forces" fits into this New Normal? Ask yourself this: "how many hedge funds or big banks are based in North Korea, Cuba, Venezuela, or Albania?" The financial sector needs to be kept on board because the Globalist elites still need them (the carrot) to keep the sheeple quiet, but just like with the "pandemic," they too will NEED to be expropriate with a sudden shock (the stick) that comes out of left field. As Lenin (allegedly) said: "the capitalists will sell us the rope with which we'll hang them."
History has seen many major pivot points, like for example the Enlightenment, the Industrial Revolution, the invention of the steam engine, the invention of the internet, the 1917 Bolshevik Revolution in Russia, the post WW2 Western economic boom, or the 1990 collapse of communism. Some of these pivot points happened overnight, some took a few decades to unfold. I think we're in the middle of one, and "in 2030 you'll own nothing and will be happy" is the target that they are working towards.
Now you might say "don't worry, 2030 is still a long way off" but they want to be FINISHED in 2030! That means that they (I suspect the WEF with the CCP as their puppet masters) will have to first demolish the old (with Covid, war, financial chaos), and then start the reconstruction process, which generally takes much longer. Think of it of building a new house: knocking down the old house goes relatively quickly, but prepping the ground, building the foundation, and constructing the new house takes much much longer. IMHO we're in the 'knocking down the old house' phase and the new house has to be finished on Jan 1st 2030. By the way, look at when Covid started: on 1st January 2020, and the WEF's goal is Jan 1st 2030. Doesn't that sound like a communist (CCP?) 10 year plan to you? https://www.who.int/news/item/27-04-2020-who-timeline---covid-19
IMHO the Globalist elites know that we've reached the end of the road of our current hybrid Democratic Socialism model in which taxes on Capitalism finances the Socialism spending and Cultural Marxism pipe dream projects. We now have too much Socialism that Capitalism can finance, so a "Great Reset" is needs. IMHO China will play ball as they probably control the WEF and all the Marxist crap that has been polluting the West for decades. Parallel to the WEF's 2030 Agenda, the Chinese are working towards their own 1st October 2049 Agenda (1st October 1949 was the proclamation of the People's Republic of China, and in 2049 it will be the 'celebration' of 100 years communism after Mao's Revolution) and the Chinese make no secretor of their desire that by 2049 they want to be a global superpower. IMHO, Russia is the biggest unknown factor and obstacle for the globalist elites.
In short: I don't think the Fed will pivot, but I rather think that History will do the pivoting for us...
"Who knows if Bitcoin is cheap, how does one even judge it on fundamentals?"
That has always been my issue with any crypto currency. And all the hand wavy "arguments" about why that doesn't matter have left me unconvinced. It's sad that some people went all in and got clobbered but there's a whole lotta cloberring going on these days and no end in sight.
This we know: The Elites have been buying gold for 20 years. They depressed the price through illegal manipulations, often through the paper market. Court cases confirm this. I can safely say that those Elites do not want their gold holdings to decline in value. I agree that when gold breaks up, it will rocket to lock out any future buys. The Elites want to crush out the little guys in the metals markets and buy it all up for themselves. When the Fed scam is exposed, they will move to lock their gains in. Similarly, the Fed or Treasury, if the Fed goes down, wants to return to a gold backed US currency, they will want the price to go as high as possible to get the new economy under way with confidence in the new currency. That we know is coming. Stick with what you know as it's a good indicator of where we are heading.
So I do understand that a new Sino-Soviet alliance might back their currencies with gold, but even if they do, why would gold go up in price? They will back it, if they do, at the then current price. So gold is now US$1,775. So whatever this equals in their respective currencies is where they will back it. Why would this go up after they announce the backing figure? To put it another way, if they do this, it will be at the foreign exchange price of U.S.$1,775, which generally means they will buy it or sell it at that price. If they are willing to sell for the equivalent of $1,775, how does gold go to $2,500 or $5,000?