Posted on 02/09/2022 2:00:20 PM PST by blam
John Williams uses the older method (pre-Clinton) to figure the GDP, etc.
I already have all the gold and silver (mostly junk silver coins) that I'm going to have.
John is not selling gold or silver.
Comments?
Does he think we can keep interest rates super low forever and not have any consequences? Isn’t that the problem?
Nope, we need actual interest. I don’t know if it will stop inflation. Inflation that we have now is china based. Somethings are not coming from slaves in China anymore. And China is buying more of our food. So interest rates are not causing inflation accept in the housing market.
But we still do need to sop up a lot of money. Extra money is causing all sorts of bad side effects. People with too much money are not working. The stock market is way over valued. And soon taxes will shoot up to pay for government workers.
May I suggest investing in copper clad lead of the JHP variety instead ?
The wise man will own both bullion and ammo in quantity. Diversify your holdings and be prepared.
Silver makes way more sense to me. It’s smaller value makes it more useful for the necessities one needs during a crisis and junk silver, particularly, is familiar and comes in useful denominations.
A bit of lead makes sense too.
(Economist John Williams says the economy is in deep trouble, and the Fed knows it.)
I agree. But no more mean Tweets!!
He doesn't use any method. He just adds some number to the current one.
That is the problem, and the high interest rates in the early 80s brought it under control. But at that moment, we were the world’s biggest creditor nation. Now we are the worlds largest debtor nation... and that includes in all of human history.
So if rates are raised it kills us. If they are not, we are doomed.
There is only one way out of this debt and that is to repudiate it and roll out a new currency. Enter the central bank “digital dollar” and the great reset. The excuse of course will be Trump and covid, Russians, etc etc.
All of this is about that. There is no other way out.
Lead, copper and brass, to protect the gold and silver.
“Williams says buy physical gold and silver and hold it against the inflation that is here to stay and will get worse.”
Gold declines with rising interest rates.
So many bubbles ready to burst not even funny and many, MANY are just simply looking the other way in hopes them bubbles don’t burst.......
“John is not selling gold or silver.”
Subscribe ...
One Year
$175.00
Six Months
$89.00
“... You can address the inflation by personally holding physical gold and silver.””
“... because I have been holding gold while the stock market has grown 98% over the last five years and I want you to buy gold and drive up gold prices.”
“So many bubbles ready to burst not even funny and many, MANY are just simply looking the other way in hopes them bubbles don’t burst.......”
Beats losing by holding cash.
If it helps you sleep better at night, mate.
So the IRS can take it and throw your butt in the slammer.
And the good little serfs will cheer.
Sounds like a method to me.
“If it helps you sleep better at night, mate.”
I sleep very well. I also live very well in no small due to my stock accounts.
We are in an awful pickle; much worse than what Ronald Reagan inherited. The cure then caused a sharp, short recession (felt like a depression here in the Rust Belt Pittsburgh metro.) I don’t think there us any painless cure. I shudder to think what they will do to cure what they caused...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.