-- Published: Wednesday, 9 August 2017 | Print | Disqus
By: Andrew Hoffman
For years, I deemed them "horrible headlines"; and recently, "PiMBEEB" - or Precious Metal bullish, everything-else-bearish. But any way you slice it, the sum total of the global political; economic; social; and most of all, monetary situation - in which, a handful of unelected sociopaths, utilizing a "financial printing press," garner 99% of the world's wealth and power - has never been more conducive to the end of the mad, Frankenstein monster-like experiment that spawned it. I.e., the Flintstones-like monetary system of "fiat currency" - in which all governments; commandeered by the bankers, billionaires, and oligarchs that own them; destroy the cornerstone of successful economic activity, and freedom. I.e., SOUND MONEY.
After 1,000 years of monetary repression, technology has finally caught up to the "inflation thieves" - as the combination of the internet and cryptography will now enable money to be transmitted peer-to-peer, without the dilution, regulation, and strangulation of government control. Which, in light of the imminent SegWit activation this afternoon - i.e., the "gold Cartel's worst nightmare" - will enable the Bitcoin network to commence an era of innovation so dramatic, and "lightning" fast (that's an inside joke to Bitcoiners) - that adoption is certain to take off parabolically, in the very near-term. In other words, per the title of yesterday's MUST LISTEN Audioblog, we are rapidly approaching the "ultimate monetary death cross," when the "99%" realize that together, armed with nothing but their computers, can take out the 1% - simply by eschewing their fiat toilet paper, with decentralized, unregulatable cryptocurrency.
In light of my professional responsibility - of spreading monetary, and financial market, truth; which in essence, has morphed into a labor of love, in the pursuit of the destruction of fiat currency; I have not been more excited, or optimistic, in my entire career. Not to mention, the large financial investment I have in Precious Metals that I am more excited about than ever, given that I have used this summer's Cartel-created "historic valuation anomalies" to "high-grade" my portfolio - by taking advantage of the lowest-ever numismatic premiums to increase both the "floor" and ceiling" of my PM portfolio. And not just for the 100-plus year-old coins I acquired, but the limited-edition RCM "call of the wild" coins selling at barely above the price of generic Maple Leafs.
As for said "PiMBEEB," never before - at least, since the heart of the 2008 crisis, when global debt was half of what it is today - have so many political, economic, and monetary situations portended the historically overduecrisis the powers that be have so desperately attempted to avert - particularly, since the "BrExit times ten" Trump victory - via unprecedented money printing, market manipulation, and propaganda. For example, yesterday's shocking disclosure that the Federal Reserve's "Labor Market Conditions Index" - which for years, was considered Janet Yellen's most reliable job market indicator - was discontinued. Quite obviously, due to the fact that, for anyone who has been watching, it relentlessly portrays a labor market far weaker than the "strong" one represented by rigged NFP "headline numbers" like last Friday's.
Today alone, we're watching America initiate wars - in nearly all instances, unprovoked - on both allies and "enemies" alike. Be it "traditional," propaganda-created enemies like Russia, Iran, and North Korea; or "trade" enemies like China; Mexico; and according to Donald Trump, Canada and Germany; America appears hell-bent on creating as much conflict as possible, with as many "opponents" as it can find. Which, anyone with an even modest knowledge of history knows to be the tell-tale sign of a dying empire. In America's case, one where debt has replaced wealth; "service" has replaced manufacturing; socialism has usurped entrepreneurship; dependence has co-opted self-sustenance; and self-interest has replaced community.
Throw in the monetary destruction wrought by the ill-fated, historically disproven attempts by the "1%" to retain the cancerous status quo with the "reserve currency" printing press; which potentially, could explode during the upcoming "debt ceiling" crisis; and we're talking about a very strong likelihood that the monetary reset guaranteed to engulf the world in the coming years will negatively impacting America, on a relative basis, more than any other nation. Which is why, more than ever, the necessity to shed overvalued, dollar-denominated assets for real items of value - like historically undervalued Precious Metals - has never been more urgent.
That said, no "PiMBEEB" action or event I have seen or heard, so perfectly describes why I see little, if any downside in today's historically undervalued Precious Metals market. And to the contrary, unprecedented upside potential, as the confluence of ragingly bullish supply/demand fundamentals and the inevitable destruction of the "New York Gold Pool"; not to mention, the fiat-killing power of the Bitcoin revolution; have created, in my view, one of the best risk/reward trade-offs in investment history. This, being a quote from none other than the self-proclaimed "King of Debt" - who just happens to double as the President of the United States - in an interview last week.
"I like a dollar that's not too strong. I mean, I've seen strong dollars. And frankly, other than the fact that it sounds good, lots of bad things happen with a strong dollar. And I do like low interest rates. I mean, you know, I'm not making that a big secret. I think low interest rates are good."
In other words, we now have a President with as much of a love for Keynesianism as the most "dovish" Central bankers; who, I might add, will be appointing a new Fed Chairman, Vice Chairman, and several other Fed governors next year. Thus, if "the most Precious Metal bullish quote ever" isn't enough to act on, I don't know what will be. That is, other than the historic crisis that must inevitably arrive; perhaps, much sooner than most can imagine. At which point, the price and availability of Precious Metals, and all "scarcity assets," will be, putting it euphemistically, significantly less favorable.
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