Gold Is the Worst Investment in History
Posted on 02/26/2015 11:37:16 AM PST by blam
February 26, 2015
Austin Galt
This analysis will cover the CRB Continuous Commodity Index, the US Dollar index and one of the main commodity currencies, the Australian dollar.
We’ll begin with the CRB Continuous Commodity Index which comprises a mixture of components from sectors including energy, metals, soft commodities and agriculture.
(snip)
If this analysis is correct, it means a big deflationary spiral is dead ahead that will see market participants wide-eyed with fear. However, there should be a significant rally before then which will allow many to get their houses in order.
And once this deflationary spiral has run its course, an inflationary bang of epic proportions should commence that will go down in history as one for the ages.
(Excerpt) Read more at marketoracle.co.uk ...
Austin Galt is The Voodoo Analyst. I have studied charts for over 20 years and am currently a private trader. Several years ago I worked as a licensed advisor with a well known Australian stock broker. While there was an abundance of fundamental analysts, there seemed to be a dearth of technical analysts. My aim here is to provide my view of technical analysis that is both intriguing and misunderstood by many. I like to refer to it as the black magic of stock market analysis.
If this analysis is correct, it means a big deflationary spiral is dead ahead that will see market participants wide-eyed with fear. However, there should be a significant rally before then which will allow many to get their houses in order.
And once this deflationary spiral has run its course, an inflationary bang of epic proportions should commence that will go down in history as one for the ages.
I couldn’t agree more with this statement.
Deflation is a Bitch.
And once this deflationary spiral has run its course, an inflationary bang of epic proportions should commence that will go down in history as one for the ages.
There’s seems to be no other way around this scenario playing out.
The FED has done their best to forestall this cycle with QE et al, but the underlying conditions remain.
BTW, I can’t blame the FED for trying if you consider the position they were in.
Some folks here think “Deflation” would be a good thing. Higher US Dollar and their increased buying power. If they recalled a little history, there was a time during the US Depression of the 1930’s in which people were out of work and hungry and the producers of food were dumping their stocks in an effort to gain some pricing power.
Quick. Put your life savings in shorting corn futures and we’ll check up on you in six months!
The video is the best illustration, especially when you see the child in the video as us adults 40 years ago. The day has come.
https://www.youtube.com/watch?v=Li0no7O9zmE
Who is Austin Galt?
I’ll call your video and raise it with this;
Fight of the Century: Keynes vs. Hayek Round Two
https://www.youtube.com/watch?v=GTQnarzmTOc
Some folks here think “Deflation” would be a good thing. Higher US Dollar and their increased buying power. If they recalled a little history, there was a time during the US Depression of the 1930’s in which people were out of work and hungry and the producers of food were dumping their stocks in an effort to gain some pricing power.
Inflation is Pure Theft of VALUE by the Money-Changers and the Government. 98% of the Value of our Dollar has been STOLEN by both since the creation of the Federal Reserve Corporation in 1913.
1. Deflation is a good thing for those not in debt, it will take a whole lot of deflation just to get back to 1971 when the THEFT of VALUE really took off. For those with DEBT, life Sucks and will really Suck soon.
2. The depression had a 25% unemployment Rate, I would argue it is MUCH Higher right now, 102 Million Americans of Working Age are Unemployed, there are only 93 Million Tax Filers, 50 Million are collecting Food Stamps, welfare, subsidized utilities,... there is a whole host of WELFARE programs that we Never Had before, which is how it is all hidden, if we had soup lines and massive little Obama camps like they did in the 30’s there would have been a Revolution Already.
"Pork bellies! I have a hunch something exciting is going to happen in the pork belly market this morning."
Serious question, how does the reduced value of my savings end up in the pockets of money changers and government?
I realize inflation is a bad thing for me, I just don't understand how it benefits them.
Thanks in advance.
I tend to agree with some of what you posted, however when you invoke the “Money Changers” it smells of conspiracy thinking.
Inflation is theft but it can be dealt with.
Deflation is NOT A GOOD THING.
We are in a deflationary cycle now, and if you think unemployment is bad now, well, it’s going to get a lot worse.
So, if you are without debt and have lots of cash and have no need to get that cash from being employed?, then deflation will be your best friend as your buying power goes through the roof.
But most of America is NOT in that situation.
Market is going to collapse.... but it’s going to rally first. Huhh....OK
Those first in line for the Newly Printed/Created money get the most value out of it, they can buy tangible property that retains that value with the new money before it has lost it’s value, and since it is new and free to them and a lot of it, prices naturally rise as a result. However Every time a Dollar changes hands it loses value, by the time it filters through the government and the banks and wall street down to the regular society, prices have already gone up and the value has been stolen before you ever saw it.
I would suggest mises.org for some good reading on Money, or The Creature from Jekyl Island which is available online for free, best book on money I ever read.
But most of America is NOT in that situation.
And that is by design, All Debt Based Monetary systems are destined to collapse under their own weight.
Inflation is theft but it can be dealt with.
CORRECT, Counterfeiting is a Hanging Offense, It is also one of only 3 crimes found in the US Constitution, and always was until the 3rd Central Bank came into play. But since we know all this “inflation” since 1971 was COUNTERFEITED money, removing the Counterfeited Money(DEBT) only Restores value(Deflation) that was previously STOLEN through Inflation.
It is NOT REAL Deflation,it is a restoration of value that was previously STOLEN. Don’t worry it will be real bad for most either way.
Listen, we can talk about the way things used to be and how things should be or we can deal with the way things actually are today.
Blow-off top.
Goldman Sachs sells a US Treasury yielding 3%, to the Fed, gets cash yielding 0.25%. When does Goldman get value out of that trade? Spell it out.
they can buy tangible property that retains that value with the new money
If I sell my Treasury at the same time, do I get some cool benefit?
before it has lost it’s value, and since it is new and free to them
Free? LOL! They had to sell a higher yielding bond to get it. Free? That's funny!
The Creature from Jekyl Island which is available online for free,
That's about what it's worth.
best book on money I ever read.
I guess that explains your confusion.
Counterfeited? I'm afraid to ask what you mean.
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