Fund Manager Warns: It Could Get UGLY In Q4
SilverDoctors.com
September 5, 2016
The U.S. economy is starting to collapse. Blow away the propaganda smoke being blown by the likes of Janet Yellen, Stanley Fisher and Hillary Clinton and a clear view of the real economic data will show a nasty downturn emerging in housing, autos, general manufacturing and discretionary consumption.
Enjoy your long holiday weekend – it could get ugly in Q4…
Submitted by PM Fund Manager Dave Kranzler:
Why Do Central Banks Need to Exist?
The short answer is, they don’t. Central Banks function as “legititmized” price control mechanisms. They control the price of money in order to help the elitists confiscate your wealth. That’s it. But price controls never last very long and neither do Central Banks. The U.S. is on its third CB in less than 300 years of existence and there’s been in a movement in place to get rid of the Fed for at least the last 8 years.
The Daily Coin featured a useful analysis – LINK – of the latest attempt by the western Central Banks to build a “currency sandbox” for everyone to play in because they know the U.S. dollar’s role as the reserve currency is coming to an end. The Utility Settlement Coin” is an act of desperation to head off the move by eastern hemisphere emerging economic powers, led by China and Russia, to create a level playing field.
Almost every year the precious metals sector experiences a price correction late in the summer. And almost every year the anti-gold propaganda floods the internet and media. This year is no exception. But the current pullback in the sector has about run its course. This was a healthy pullback after the huge run up in the sector. The next leg higher should be even more exciting.
Finally, the U.S. economy is starting to collapse. Blow away the propaganda smoke being blown by the likes of Janet Yellen, Stanley Fisher and Hillary Clinton and a clear view of the real economic data will show a nasty downturn emerging in housing, autos, general manufacturing and discretionary consumption. In the latest episode of the Shadow of Truth, we discuss these issues and infuse some humor to make it easier to digest – enjoy the podcast and enjoy your long holiday weekend – it could get ugly in Q4:
