It is starting to look like we have entered a new trend on gold. Breaking out of the bullish trend, into a steeper one. The chart reminds me of the 1970's. Not the same but similar.
1970's US goes off the gold standard, money is now debt, USD becomes worthless when compared to gold (the time tested store of value that it is, of course)
Money printer go brrrr...
Now 2019. COVID, shut down the world, DWARF ALL OTHER LIQUIDITY INJECTION EVENTS COMBINED! I'm sensing a pattern.
It has amazed me at what we have got away with so far. Considering the magnitude of what Covid and the following response was. I honestly thought it would be much worse, but I don't think we have seen the full impact yet. I think it may take a decade or more before we see the extent of the fallout. Heck, or this could just be another step in the wrong direction that just continues us down the road of financial repression. Devaluing our currencies until they look closer to the yen while a majority of the population ie: the working class has no clue. Populism will continue to rise as people try to find the common enemy to blame/ hate because of their pent up rage, due things completely out of their control. The worst part is that they don't even know the real reason why this is happening.
Printing money (debt creation) is robbing from the future. Governments around the world have been stealing for decades. I only see one path ahead, and it's only going to get worse. The pot has been heating up, we are getting close to the boiling point. People are starting to realize how hot its getting.
I see, in the not to distant future, the possibility of a melt up in nominal terms. Time will tell, we will see how well the world governments handle this. Maybe they can manage this better than I expect. But if they cannot and the pace of the bull markets pick up into a parabolic trend due to the miss-management of debt. What goes up must come down. Asset bubbles will form and burst, as they do.
We are in a diabolical game of musical chairs.
All paths lead to Bitcoin, a redistribution of wealth to those willing to learn.
1970's US goes off the gold standard, money is now debt, USD becomes worthless when compared to gold (the time tested store of value that it is, of course)
Money printer go brrrr...
Now 2019. COVID, shut down the world, DWARF ALL OTHER LIQUIDITY INJECTION EVENTS COMBINED! I'm sensing a pattern.
It has amazed me at what we have got away with so far. Considering the magnitude of what Covid and the following response was. I honestly thought it would be much worse, but I don't think we have seen the full impact yet. I think it may take a decade or more before we see the extent of the fallout. Heck, or this could just be another step in the wrong direction that just continues us down the road of financial repression. Devaluing our currencies until they look closer to the yen while a majority of the population ie: the working class has no clue. Populism will continue to rise as people try to find the common enemy to blame/ hate because of their pent up rage, due things completely out of their control. The worst part is that they don't even know the real reason why this is happening.
Printing money (debt creation) is robbing from the future. Governments around the world have been stealing for decades. I only see one path ahead, and it's only going to get worse. The pot has been heating up, we are getting close to the boiling point. People are starting to realize how hot its getting.
I see, in the not to distant future, the possibility of a melt up in nominal terms. Time will tell, we will see how well the world governments handle this. Maybe they can manage this better than I expect. But if they cannot and the pace of the bull markets pick up into a parabolic trend due to the miss-management of debt. What goes up must come down. Asset bubbles will form and burst, as they do.
We are in a diabolical game of musical chairs.
All paths lead to Bitcoin, a redistribution of wealth to those willing to learn.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.