Fed Meet: Outrageously Bullish For Gold

Wednesday, June 19, 2019
By Paul Martin

Stewart Thomson
Wednesday, 19 June 2019

1. It’s my firm belief that most Americans are living in a fantasy world where a superhero named President Trump is going to negotiate fabulous “America-first” trade deals with cowering governments around the world… and Americans will then magically relive the 1950s with massive GDP growth, even while QE to infinity becomes as American as apple pie.

2. The reality of the situation is almost the exact opposite of this fantasy world; de-dollarization is relentless and American government size and debt growth is totally out of control.

3. China is an economic bullet train carrying 1.4 billion gold-focused passengers. It’s blasting through a melting block of American fiat-focused butter, and India’s citizens are poised to take everything China’s citizens are doing to even greater gold-oriented heights.

4. The rise of the Chindian gold-oriented economic empire and the decline of the American empire are both unstoppable processes.

5. There’s no question that Trump will negotiate numerous trade deals with more favourable terms for America than his presidential predecessors ever did, but the tariff taxes involved mean these deals create less global growth rather than more.

6. These taxes are also inflationary.

7. A “big” trade deal between China and American is unlikely, but even if it happens it would probably add only about half a point to the current pathetic level of US GDP growth in the short term, and it wouldn’t stop the business cycle from peaking.

8. The cycle is peaking. Recession is coming.

The Rest…HERE

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