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What I heard him say is that a big market downturn would be deflationary, and I would tend to agree with him in that regard. The stock market will tank in lieu of a recession or slowdown in the economy. Of course, we know that in turn we would see job losses, higher unemployment, and a general loss of income for people. I heard someone on TV today make the comment the government is spending more right now, before we even are in a recession, than at any other time prior to a recession being present. That's definitely NOT a good thing.
Unfortunately, that's the way these boom/bust cycles the Banksters conjure up happen. They printed trillions of fiat dollars and the U.S. government did the same. That's why this inflation isn't going away very soon, but as Prof. Hanke has been saying the money supply is now negative and eventually all the money out there will be gone. I believe that's the day of reckoning and it won't be long after the SHTF moment comes, they'll be cutting rates again. That's when the inflation tsunami comes.
I think Bitcoin is a fair-weather asset in most part. I would be surprised if in a BIG down market that cryptos do very well. I don't see them as a genuine safe haven asset or investors jumping into Bitcoin when the overall markets are tanking. IMO PM's will fall too, initially, but I see them recovering much sooner than the crypto space does.
I thought this was an interesting interview from David Lin. The Fellow being interviewed is basically speaking to the view that we're heading into a bear market and he gives his reasons for that. For the most part, that view isn't being reflected in the stock market and everyone seems to be looking for a "soft" landing. Like Prof. Steve Hanke, this fellow is calling for deflation ahead, not higher inflation.
Gold and silver will do better in a bad economy than will the high-beta tech stocks that everyone wants now, so when we see the economy begin to slow and roll over that should signal better times for PM's and the mining sector. That comes after the big initial market drop and subsequent sell off.
They should be easier to obtain, but WHY they aren't more forth-coming concerning when it will happen is sort of odd IMO. If it was going to happen fairly soon you would think they would be shouting it from the rooftops to get investor attention.
I can't remember who posted it here from years ago, but Treasury's stock price should move before that of FMG simply because they're closer to becoming a producing mine than is FMG. I would agree with that analysis.
So, the way I read the reply from Treasury is that in 2019 they were approved to proceed with the Goliath Project from the Canadian gov., but it would appear they still need more provincial and federal approval for a mine closure plan, whatever that is, they also need a Fisheries Act authorization. Don D. was correct.
What they failed to share was when they would have all this stuff? Don D. seemed to be pretty bullish that everything would happen and the shares are currently very undervalued. I actually almost pulled the trigger on adding more share when it was down around .10, not long ago.
Thank you for checking on this, because I thought they were already approved for everything.
P.S.: The final piece of the puzzle is obtaining financing to actually build the mine. That should be a big deal once everything is finally set.
It ALL depends on what happens in the next 2-3 years.
If the Company can get Springpole permitted, resolve issues like Cat Lake, get the bull market in miners finally moving, and maybe even get some financing going to build a mine, then a 20X move IMO isn't unrealistic. When big investment money begins moving into the mining sector, these small mining companies with potential will move quickly. JMO
I'm not saying they can't go lower in the near term.
I, too, would be disappointed with anything less than a 20-25X return on this investment in the next 2-3 years.
IMO a 50X return is possible, but that might require a much longer wait to achieve. We should see a big jump in the share price once the miners go into a full-blown bull market. When that begins the price should jump bigtime IF all goes to plan.
If I heard him correctly he said Treasury was still waiting for permitting. I thought they already had their permits in place?
Do You know what he's talking about?
Yes, the longest interview from Keith in my memory too,, but it was chocked full of interesting stuff. I think their silver bullion shop is doing very well and did you catch the part where they talked about FM selling their silver in Costco? If FM could land that gig it would be amazing for their silver sales. With Costco selling gold as fast as they can get it, imagine how fast the cheaper silver bullion would sell. I don't think they could keep 10 oz. bars of it in stock.
The other big take from the interview, I thought was what he said about Mexico and what's happening there politically and with the mining industry. It's obvious that Mexico is becoming more restrictive and regulatory to the miners. Keith alluded to that without really coming out and saying it, but as he said the politician have to say that to get elected and after the election is over they revert back to the status quo. Mexico needs the money the mines are bringing in, so they can't cut their own throat.
At the end of the day I believe how FM goes will have an impact on what goes on with FMG. If silver really takes off higher and breaks through those old $50 highs FM will become a huge cash cow. The focus will be on silver and in turn, the silver miners. That's when things start getting really interesting.
IMO that's all coming in time.
P.S.: I've bought most of my physical silver through JM Bullion and their silver ships out of Las Vegas also, Vegas seems to be a major hub for that.
We know Keith has been predicting triple digit silver for several years now. I just watched this video that Mike Maloney has recently done and based on some of the technicals he thinks could happen, $100 silver would be very bottom of the upward price range it may climb to. I've heard other pundits say two or even three hundred dollar silver is not far fetched. Maloney is calling for mid to upper triple digit silver.
IMO silver could go into a huge buying frenzy IF the gold price gets too high for the everyday person to own. We seem to be moving down that path now.
The Chinese government is directing their people to buy silver instead of gold now. Can you say silver shortage?
https://goldsilver.com/blog/silvers-44-year-cup-handle-now-i-believe-mid-to-high-triple-digits-are-baked-in-the-cake/
O.K., I just watched this interview with Keith. I believe it has to be the most extensive interview I've ever seen him do. The interview revolves around FM and silver in most part and I didn't hear him speak of FMG, but much of what he said involves FMG indirectly.
He talks in depth about what's going on in Mexico. They spoke to how the FM mines are UNDERGROUND mines, not open pit mines, so the government should have no issues with how they're currently mining there. He also spoke to how FM would go about acquiring other assets and says they would never seek to acquire another asset unless it was permitted and set to go with building the mine. Sound familiar? That would indicate to me there would be no offers. for FMG from FM until after all is set in that regard. I'm not sure how that would be if there were hostile bids coming from other suitors prior to permitting being completed.
This is a long interview, but well worth the listen just for Keith's insight.
We were talking about First Majestic and the problems they're facing in Mexico. Well, here's our buddy. Lobo Tiggre, speaking directly to those issues.
Listen to what he's saying. Basically, that Mexico COULD be banning any open pit mining there in the near future. I don't see how they would go about stopping any current mining operations that are currently operational. That would be taking food out of people's mouth, so I don't see that happening.
No wonder Keith is looking for other areas OUT of Mexico. The risk to even trying to open a new mine in Mexico may be nonexistent in the future.
Time will tell on that happening.
https://goldsilver.com/blog/silver-alert-could-this-mexican-law-change-cause-a-supply-crunch/
I'm going to post this Kitco excerpt again because it's important for anyone investing in the country of Canada to know. This is from the recent discussion that Pierre Lassonde and Frank Giustra had about the Canadian resource area.
What they're saying about the way the government there is running is definitely NOT GOOD. We can all relate to how long it takes for mines to be permitted there and it's far too long. Canada has more resources there than almost any country in the world and they're not recognizing it. Very sad.
I suppose this is the socialist way of doing things. Invest in everywhere else except your own country.
Just got home in time to catch the end of Charles Payne's show today. He had Peter Schiff on talking about gold and some other Bimbo talking about Bitcoin.
I laughed.my ass off at the back and forth between them. IMO Peter ate her lunch. He was telling her she had better sell her Bitcoin holdings soon because the bottom was going to fall out soon. I think he's right, Bitcoin will have a far more violent downturn in a bad market than will gold. We're seeing that happen today.
Bitcoin is down $4400 as I post, and gold is UP $24 bucks. The real safe haven play is gold of course. I saw where Goldman was calling for $2700 by year end. Nice.
I would add this to the First Majestic/Jerritt Canyon saga conversation. This was back last year, when Keith was being interviewed by someone about First Majestic events. The line of questions to Keith was about JC and what they were doing to fix the problems there. He went into all the things they were working on, but the big take I had was he said that there had been a lot of interest from other companies to BUY JC from them. What I took from the conversation is that it could happen maybe for the right price.
If First Majestic sold JC, then I would say that the chances of some future deal or buyout of FMG by FM would be exponentially higher because that would free their money up to make another acquisition, namely FMG. Selling JC would make it a hellava lot easier to convince FM shareholders to do a deal for us.
I would like to get some sort of update from Dan about what's happening with the starter pit operation at Duparquet. IMO the biggest question to be answered there is how long will it takes to be permitted for actual mining to begin or to maybe get into the old tailings there? Dan should know that already. He's talked about starting some sort of work to begin there, but he's not been specific or to date followed up on those statements. He's talking favorably about it, but not following up with any facts. Maybe I'll have to go to Paul this week and speak to him.
I've heard several interviews that Keith's made in the past speaking to diversifying First Majestic into mining more gold. I think that over the years he's come to the realization that because the silver price is so volatile and stays closer to the bottom of its price range, it's much more difficult to run a company under those parameters. I would agree with him. Gold's price is much more stable AND reliable. For obvious reasons he can't directly come out and say this is the gameplan, but I would agree that he wants to "quietly" get out of Mexico and into safer mining areas. Jerritt Canyon to this point has been a bad move for FM, but if anyone can turn it around, I would bet on Keith doing it. Higher gold prices will certainly help.
In the last webinar that Keith was on with Dan, someone asked the question to Keith about FM buying/partnering with FMG. His response was somewhat disingenuous to me, his response was one of like he had never thought of doing it and he made mention of having to get with the First Majestic shareholders to get their approval. IMO the FMG properties have been on the table since day 1 for First Majestic. Who knows these assets better than Keith himself. Nobody.
I also believe that any potential suitors for FMG know this too. In fact, Dan told me several years ago that was the case. That if any hostile, lowball offers were made for FMG that FM would have our backs and get involved to bid up the assets.
I personally don't care how they choose to start mining at Duparquet, but what I do want them to do is move as quickly as possible to make it happen. Dan spoke about this right after we acquired and consolidated all of Duparquet. He keeps talking about it without giving us any details on what's going on. What's taking so long? This is information that already should be known by him.
O.K., I'm posting maybe one of the most specific description of what our company, FMG has going for it moving forward. This dicusssion between Rick Rule and Lobo Tiggre speaks to "The Pre-Production Sweet Spot".
This is the path FMG is currently on. I recommend watching the entire interview, but at around 29:10 in the video Lobo begins talking about the sweet spot. Listen carefully to what he talks about and how to invest it. IMO what we really have going for us here is as we're moving into the sweet spot the PM bull market is beginning in earnest. This IMO is the perfect storm for a big move higher in our share price, when the pieces of the puzzle come together. Note what Lobo says about SOME mines getting the funding even prior to all the permitting being in place. Imagine what that would do to our share price if that should happen.
I don't recall ever seeing Jim Thorne being interviewed before, but he is amazing. This interview is a must watch for anyone investing in Canada, as most of the conversation revolves around Canada and its problems, as Thorne sees them.
He lays out in detail the train-wreck he sees coming as a result of run-away fiscal spending and the implications of MMT. Thorne speaks mostly about how Canada is in a place even worse than the U.S. and when the SHTF moment comes the population in Canada could even revolt because of where they may end up.
He sees deflation coming down the road, but we're not there yet. He likes gold and Bitcoin as investments going forward.
A really big swing in the gold price today. Went as high as $2448 and as lower as $2350. It will be interesting to see how it moves next week. It wouldn't surprise me if we see some consolidation coming very soon.
https://www.marketwatch.com/investing/future/gc00
The fact that China, Russia, and the BRICS countries are moving to more dedollarization and are loading up on gold I think sends a big signal to the U.S. and it's allies. Not to mention that all the central banks are doing the same and also buying gold.
The Fellow in the interview I posted yesterday was making the claim that China has let the U.S. know they want a higher gold price or else they accelerate their current dedollarization rate. We know China has a hellava lot more physical gold than anyone expects them to have and now it would seem they're flexing their muscle to force a higher gold price, hence they ARE in a way dictating the price of gold now. That's a problem for ALL fiat currencies, not just the dollar.
IMO a big problem the U.S. may face is how much physical gold do they really hold? IMO there may be some real questions about those numbers, especially since they haven't had an inventory of it since the 1950"s.
The Banksters have to be concerned about how high the gold price will move in the next few years, because the higher the gold price goes the more competition the dollar and fiat currencies worldwide have against REAL money, which are gold and silver. They don't want to see the price move too high, too fast. It throws up big red flags to everyone.
I'm reluctant to post this interview in the belief that Dennis Gartman has some sort of curse regarding his bullish calls on investments. Needless to say, Dennis is very bullish gold and says so in this Bloomberg interview.
Maybe the PM's won't take a big dive today after this is posted. LOL
Gold and silver are spiking higher this morning. Gold is up above $2400/oz. and silver is up a buck, well over $29/oz. This is getting interesting. Geopolitical issues are playing into this move. Iran threating to attack Israel. That would send PM's through the roof if it happened.
You would think that because the inflation numbers were up the PM's would be down, no, IMO we're seeing a big momentum move in the metals now. I believe everyone's piling in to ride the wave higher along with the geopolitical issues out there.
https://www.marketwatch.com/story/gold-barrels-past-2-400-to-a-new-high-theres-not-much-standing-in-its-way-say-analysts-a0122e61?mod=home-page
We know you must walk before you can run, but it makes much more sense to me if they could do a JV deal to get some gold mining going at Duparquet. IMO that's what they should be focused on getting done NOW.
I only advocate to JV with someone at Duparquet for the cash the partner would bring to the story. We don't have the money most likely if we chose to go it alone and it would over-extend us in a big way. Maybe we could do a deal with a working mine in Duparquet's neighborhood that could also aid in the actual mining and milling of gold from Duparquet? This isn't rocket science, if I can figure this out, surely our Management can too. All these options need to be explored.
Why couldn't they do a deal that only allows our JV partner access to a certain amount of ounces at Duparquest? Not reserves found there in future years. Limit the JV partner to participate in say 2-3 million oz. and no more. That way we don't screw ourselves down the road when millions more ounces are found. Springpole doesn't even have to be in the mix unless Keith wants it to be.
The main objective should be to move on this quickly and not mess around. We're burning through our cash every passing day, so the quicker we can mine gold at Duparquet the more credibility we have as a company. At that point we're not a developer anymore, we're a producing miner.
As the gold/silver price continue to rise the negativity is going away. I watch a lot of business TV and the sentiment for gold and silver is rising daily. A higher price fixes everything.
This is the way I see a dream scenario playing out for FMG and Shareholders of FMG.
Get a JV deal to fund mining again at Duparquet asap. That would allow us to get some real cash flow going in the near term and also be a big shot in the arm for our stagnant share price. Without knowing exactly how long it would take to get the permitting to resume mining operations again at Duparquet if we were to partner with someone with deep pockets to begin mining gold there again IMO that would be HUGE for us. That's just for Duparquet.
What we could do at Springpole is another story. Once we get some money flow going at Duparquet why at that point wouldn't they want to consider keeping Springpole for ourselves or merging with First Majestic to fund building the mine? That strategy makes a lot of sense to me, as Springpole is much farther out on the horizon timeline. If the gold and silver prices move to the levels we expect them to move in the next few years First Majestic would be rolling in cash and would most likely be looking to invest in other projects, like Springpole. Keith wants to diversify more into the gold space anyway. so like Jerritt Canyon that would be a move more into gold mining and be a more stable solution for First Majestic. He doesn't like the big price fluctuations that silver exhibits.
IMO much of what they decide to do will be the availability of credit and how high the price of gold and silver will be AFTER we finalize the permitting of Springpole. My guess is that by that time we'll see much more merger activity in the mining sector and BIG investment money coming into the sector.
That's been a major problem up until now, but will most likely be a major factor in how they proceed at that time. My feeling is the environment will be much improved then from what it is now. We certainly should see lower overall interest rates by that time.
I would agree that our Management has many options to weigh before finalizing the direction they take, but the pieces of the puzzle are starting to fall into place and I feel very good about the Man steering the ship is Keith Neumeyer. He knows what he's doing and that's the most important factor.
I can also sleep good at night knowing that IMO the majority of shares held in FMG are in strong hands. I base that opinion on thinking that as low as our share price has gone in the last several years most people that hold shares now are in it for the long haul and want to see big returns down the road.
They know Keith and what he stands for if they hold for later share gains.
This is a VERY interesting interview. I began watching it because of the title "$4K gold on massive changes to global finance" but, the channel on UTube this came from is called "The Bitcoin Layer", which I thought would have very minimal commentary on gold. Boy, was I wrong.
The Fellow being interviewed gave some interesting insights as to issues and events he sees that are positioning gold to move higher in dollar terms. Probably the main reason is because of dedollarization and that China, because of their ever-increasing stake in gold is requiring from the U.S. that it play a larger role in the financial system. He gives some interesting reasons why that will most likely continue to unfold going forward and why gold is very undervalued here.
I believe it should be very clear to everyone now the gold price has broken out to the upside, and as You noted, there will be backing and filling along the way. That's a healthy thing, but the blue-sky potential now for a big move higher in gold and silver has finally come. IMO this is the event most of us have been waiting for what seems forever and has now changed the landscape for the miners. This is, of course, macro in nature for the sector. A rising gold price should raise and bring attention to ALL the Players in the sector. Another factor we've not seen in a very long time.
I think we can agree that the specific milestones coming for FMG are very significant for our share price. Those you listed are important for sure. IMO the most important UNKNOWN is how will FMG financially fund Duparquet and Springpole moving forward? Specifically, do they want to do a JV deal or partnership with another outside party or is their intention to keep at least one or both of those properties in house? By in house I mean doing some sort of merger with First Majestic.
I would expect those decisions to possibly be set now or to happen in the very near future. Any potential outside partners know NOW that a higher gold price is inevitable and the price for gold/silver resources in the ground are only moving higher. I would expect any potential Suitors for some of our assets to be moving to do a deal no later than the end of 2024 or Q1 of 2025. IMO the longer they don't get a deal would indicate to me they want to develop our properties ourselves. That's strictly a guess on my part, but it makes sense to me.
How do you see it?
This article suggests that something is going on in the East, and not in the West, that may be causing this recent move in gold. We know already that most of the PM purchases are being made from the East.
https://www.bloomberg.com/news/newsletters/2024-04-10/bank-of-japan-s-interest-rate-moves-and-the-record-price-of-gold?embedded-checkout=true
Bank of America's commodity people are calling for $3K gold next year 2025. B of A isn't Kitco or Peter Schiff making this call. This is a mainstream bank.
IMO if we see $3000 gold next year we should, at least, begin to see bigger investors begin taking positions in the miners. If we get Springpole permitted in the second half of 2025 that should be a significant catalyst for a big move up in our shares. The timeline would coincide nicely, IF, B of A is correct.
https://markets.businessinsider.com/news/stocks/bank-of-america-sees-gold-at-3-000-warns-of-a-copper-supply-crisis-metals-dance-to-their-own-tune-1033234049
Latest Gary Wagner technical analysis from Kitco.
Just read this article from Barrons about where the writer sees gold moving to.
He gives some technical prices that gold has moved through and at the very end of the article he talks about where he sees gold heading to.
He says, "With it's monthly close above $2200, my work confirms upside projections to at LEAST $3600-$4000."
I hope he's right. The only thing he didn't indicate is when that could happen. I don't see any way it would do that in a straight line higher, but I didn't see any timeline he indicated in the article.
https://www.marketwatch.com/articles/gold-price-record-8c1f7f66?mod=search_headline
More dire warnings coming from Jamie Dimon. It sounds like he's trying to walk the fence about what's coming. His crystal ball Reader is working overtime. LOL
https://www.zerohedge.com/geopolitical/jamie-dimon-warns-world-faces-risks-eclipse-anything-world-war-ii
Really good article speaking to the current sad state of affairs that the excessive debt and unchecked fiat money printing are causing.
We may see bouts of deflation with the boom-bust cycles that the Banksters create, but rest assured the inflation that's in the System will stay higher for longer. That means higher taxes in an attempt to keep the bloated government afloat. The author speaks to governments resorting to resource nationalization in order to keep the lights on. When the fake money is no longer worth anything, that's all that's left.
Gold's best moves happen in a stagflationary environment.
https://www.zerohedge.com/personal-finance/more-easy-money-will-plunge-us-stagflation
Anybody see this Mish article? Millennials are buying out physical gold at Costco.
IMO the biggest reason the retail public in this country isn't hoarding more physical gold or silver for that matter is because it's not readily available to them.
When Costco has it there available it fly's off the shelves. Most people aren't sophisticated enough to buy physical gold or silver unless its right there in front of them to see. That may be changing in the coming years.
https://mishtalk.com/economics/millennials-rush-to-buy-2300-gold-bars-at-costco/
Another great interview from David Brady. I agree with everything this Guy is saying.
He talks about preparing for what's coming down the road. He talks about mine nationalization. He talks about buying PHYSICAL metals for protection. Before they become too expensive to own.
Saw this recent Alasdair Macleod interview and every time I watch him, he makes more sense.
Not only is Alasdair very smart, he's also very wise. He's a financial historian, which is what most of the pundits that talk about fiat vs gold don't have any knowledge of, as usual he makes some great points.
Yeah, it may the case of some combination of both of those things. They don't have the gold they claim they do and IMO they DEFINITELY are and will continue to overstate what they have by overleveraging the actual physical gold being held. In much the same way they manipulate the paper traded gold market now. This country hasn't had a physical inventory of its gold holdings since the 1950"s. How much manipulation has been done since then? My guess would be a SHITLOAD.
If I were a foreign country with repatriated gold held in the U.S. now, I would be VERY nervous about ever seeing it again. I wouldn't trust them to give it back to me as far as I could pick-up Janet Felon's fat-ass and throw her. All the government has to do is claim they don't like your policies and confiscate your gold in a fashion similar to how they have weaponized the dollar. As crazy as that may sound, IMO it could happen if a fiat debt bubble bursts and faith is totally lost in fiat.
Even if the world should move back to some sort of gold-backed currency that would drive the physical gold price through the roof and as we all know, HE WHO HOLDS THE PHYSICAL GOLD IS THE OWNER OF IT.
It wouldn't surprise me in the least if repariated gold held here would stay here.
The gold bulls are running. David Rosenberg is calling for gold going to $3K or higher.
Good article speaking to the move higher for gold.
https://www.marketwatch.com/story/veteran-strategist-says-grab-your-hammer-and-pick-gold-is-headed-to-3-000-12a16bbb?mod=livecoverage_web
I thought the Banksters wanted to be more transparent about their "behind the curtain" dealings? I guess not.
https://www.zerohedge.com/commodities/federal-reserve-refuses-provide-records-foreign-gold-holdings
What I've learned over the years is that NOTHING happens in the mining sector quickly. This sector is probably the most cyclical of any sector you can invest in. As we all know with the miners, they're either in favor, at times, or most of the time out of favor. There's no middle ground with these companies, maybe with a few exceptions.
FMG should do very well when gold goes parabolic and the mining shares finally join into the feeding frenzy. IMO that event could still be at least a year or two away, but it will come. Like Keith said in the interview you posted. Investors need to rotate out of the areas of the market that they're making money in now and move that money into the resource/mining sector. He's absolutely right. Who's going to stick a nickel of their money into a mining company if the miners are dead money, like they have been for years now? All the money has up till now been made in tech and AI stocks.
Now with the breakout in the gold price that's changed the landscape. Ron alluded to that with one of his questions to Keith. A higher gold price, coupled with dwindling gold resources SHOULD have the major producers searching overtime for new gold resources and as Keith said those sources are limited.
P.S.: I meant to say this in my post about Keith's interview with Ron yesterday. In the beginning of the interview Keith was giving several reasons why investors weren't investing in the mining sector and he gave a few reasons. He never mentioned what I thought was the BIGGEST reason of all, that being it
takes FOREVER to permit a new mine. This goes back to the Lassonde Curve Theory.
Nobody wants to invest money until the Curve turns higher again. Period.
It's always somewhat enlightening to hear Keith talk. Most refreshing in contrast to Dan's laughing.
He said some things he's said before, but I thought from what he said in this interview it was clear he sees the corner has been turned. in terms of a higher gold/silver price with investors returning to the sector. This interview was done after Easter weekend.
It really is surprising that a big Player such as Barrick hasn't come calling already. Maybe any potential suitor wants to be sure the permitting is finalized and the situation with the FN folks gets resolved correctly. We certainly seem to be sitting in a very good place as it stands. I was kind of disappointed that he only saw FMG as a five bagger from here. I conservatively see us as at least a 10 or 15 bagger.
He also mentioned the Pierre Lassonde/Frank Giustra interview I posted the other day.
I thought Ron asked some decent questions and I guess he's earning his keep.
You make some very valid points. I'm never convinced of any of the numbers the government feeds us are true or accurate. The only thing I'm sure of is that they want everyone to believe the crap they're dishing out.
The debt bubble is coming home to roost to your point and maybe the only thing they can do to take people's minds off of it is to create the severe recession/depression you spoke of. IMO that's very plausible.
That would come in the form of most likely a global bust of some sort. Maybe another bank implosion. Hell, it could be just about anything. There are a lot of potential Black Swans flying around.
P.S.: I saw Stephanie Pomboy on Charles Payne's show today and she was talking about how gold is front-running what's coming with the debt bubble and what that portends for the dollar down the road.
Stephanie and Peter Schiff are two peas in a pod. Both are uber bullish gold.