The Dollar’s Fall From Grace Will Soon Catapult Precious Metals To Even Greater Heights

Brandon Smith
Alt-Market.com
Friday, 07 August 2020

I have been telling readers to put savings into gold and silver for well over 14 years, and in that time, precious metals have had spectacular rallies as well as intense corrections. Weak hands have been selling and strong hands have been buying and holding for some time now. We have done this with the expectation of something far more than just a parabolic event; some of us have been predicting an economic crisis the likes of which have not been seen in almost a century.

Specifically, in 2018, I warned that there was a dramatic shift in Federal Reserve policy that would puncture the massive debt bubble they had been building since 2008. The crash of the “Everything Bubble” would inevitably lead to a spike in metals prices.

In an article published in January 2018, I warned that the Fed would increase the speed of its balance sheet cuts and interest rate hikes and that this would trigger an initial implosion in the U.S debt bubble and the dollar, along with flirtations with a stock market plunge. By the end of 2018, we saw exactly that.

By mid-2019, the Fed had reversed its fiscal tightening policies, but of course, it was too late; Pandora’s box had already been opened and economic instability was increasing. I continue to believe that this action on the part of the Fed was absolutely deliberate and that they knew they were initiating the beginnings of a crisis. The minutes of the October 2012 Federal Open Market Committee even reveal that Jerome Powell openly discussed what would happen, years before he became the Fed Chair.

I predicted that once this process began, precious metals would launch. Sure enough, gold has almost doubled since the third quarter of 2018, and silver is beginning to catch up. It is important to cut through the propaganda and disinformation to understand why this matters.

In another article published in February 2018, I outlined certain misconceptions about precious metals during economic breakdown. This including the ever present lie that metals “only track inflation” and therefore never generate a profit. I showed how during times of crisis, including the hyperinflationary event in Weimar Germany, gold prices actually increased at DOUBLE the rate of inflation, therefore profit is more than possible.

The idea that gold is nothing more than a placeholder for dollar devaluation is, I think, designed to dissuade people from investing in it; as if protecting one’s savings is “not enough”. There has been a proactive and aggressive campaign to scare Americans away from precious metals for years now. Former Fed Chair Ben Bernanke attacked gold vehemently in 2012 in a series of lectures at George Washington University, channeling John Maynard Keynes’ claims that it was a “barbarous relic”. Ron Paul had nailed Bernanke on gold only a few months earlier when he asked WHY, if central bankers think gold is not money, do they continue to stockpile gold? Bernanke’s dishonest answer that it was merely “tradition” was an epic fail.

The Rest…HEREHEREHERE

This entry was posted on Friday, August 7th, 2020 at 9:16 pm and is filed under Conspiracy, Corruption, Economics, Government Evil, History, Survival. You can follow any responses to this entry through the RSS 2.0 feed.