Jack’s New Silver and Gold Update – August 2022
Central Banks are inflating as the US approaches a catastrophic debt crisis.
A liquidity crisis will bring the house down.
When currency liquidity dries up, the financial system will lock up like an automobile with no more oil.
Currency is the blood of a debt-based economy; its availability is crucial to all ongoing monetary activity – especially interest payments.
When inflation forces interest rates up, liquidity moves inversely.
The Debt markets survive on new liquidity, and whenever debt in the system reaches a specific size relative to the total amount of currency available, new money is created.
At an ever-increasing rate to offset the total dollar demand for interest payments.
At that point, the currency becomes scarce, and prices of more debt (creating new money) begin to rise.
With this in mind, let’s look at the current situation in the US economy.
With four-decade highs in inflation, the markets continue to signal the great collapse.
According to John William (www.shadowstats.com), the actual inflation rate is higher than 17%. At the same time, the ten-year yield has been bought down at a high cost and is now lower by nearly 100 basis points in less than two weeks.
The 10-year yield battle is a clear sign that the Federal Reserve is buying all bringers of debt, which is highly inflationary.
Meanwhile, the European Central Banks are buying “unlimited” debt. All this buying is fueling inflation, and the stock market is the leading indicator.
Stocks are rising as new free money flows in from debt purchases keeping the appearance of all-is-well front and center.
While nothing about stock value affects the price, stock market prices are not based on market price discovery but on institutional purchases.
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Meanwhile, Gold, Silver, and Cryptos (all manipulated prices) are staying inside their channels. Both metals have bottomed out and will climb back to recent highs and averages.
Silver is still the primary winner when the metal price fixing finally “collapses.” Even now, the price of American Silver Eagles (random year) is $13 to $16 or more over the printed daily “spot price” of one ounce of silver.
Economic news supports the collapse in progress as inflation creates problems that no central bank can long fight.
The US Federal Reserve has quietly backed off “inflation” fighting – indicating no more rate hikes are possible. I guess that rate decreases will be the next move made.
Small businesses already in damage mode thanks to unlawful Covid mandates, are now having trouble paying the bills, with 35% of them having trouble paying June’s bills.
At the same time, it is announced that 60% of Americans live paycheck to paycheck – with no reserves for any emergency.
Regardless of your income, silver is still a deal at $35 per ounce with a premium. It will benefit anyone attempting to maintain some of the purchasing power of their assets held in currency by converting them asap to monetary metals (silver, gold, etc.).
This financial downturn results from the complete collapse of paper dollar purchasing power.
That is why it is vital to secure your future!
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