As to the
stark reality/risk of this illiquid Dollar, rather than just say “we told you
so,” it would be better to “re-show-you so” by making specific reference to a
prior report published in December of 2021.
penning that report just over 10 months ago, it’s worth revisiting the
implications of an illiquid Dollar and the financial crisis of which we
warned then and now find ourselves today.
of civilization demonstrates that nature throughout the ages, to our good
fortune, has provided everything humanity needs to progress, including money.
Few today, however, understand money as it has existed from prehistory and as
it was perceived up until the dawn of the twentieth century. Since the
commencement of the First World War in 1914, time-honored principles have been
abandoned. Humanity has become enthralled with money substitutes like national
currencies and, more recently, cryptocurrencies circulating in place of money,
and people have subsequently lost sight of natural money itself.
Calls Top Chip Execs For Emergency Talks After Biden Unleashes Economic War |
ZeroHedge - Last
week, President Biden announced
new restrictions on US firms selling semiconductors to China,
including restrictions on
US citizens working at Chinese chip plants. Nobody might have noticed, but this
is a full-blown economic war on China, a means to prohibit the country's rise
as a high-tech superpower.
Gold and Silver Money? - With inflation high and financial investments
paying so little, why haven’t people sought to protect their purchasing power
by going into gold and silver? Gold and silver prices have fallen
while inflation has risen. This is nonsensical.
By Doug Casey
As far as
I’m concerned, we’re now at the low end of what gold “should” be worth.
that 2023 will be a chaotic and scary year—something true of this whole decade,
which is just getting underway.
for sure, but there are only 6 billion, probably moving towards 7 billion
ounces of gold in existence. The amount of gold in the world increases at
roughly 80 million ounces per year, about one and a fraction of a percent
than an ounce for every man, woman, and child on the face of the planet. And
most of that gold is in the hands of governments, central banks, and major
moves the next time, I expect that it’s going for a wild ride. And it will take
mining stocks, which are currently very cheap, with it.