~*~Mining and Metals Du Jour~*~

[the cork]

BUMMER - The End of an Era
March 10, 2021
Gary Christenson
Miles Franklin

BREAKING NEWS!

Miles Franklin to suspend written commentaries effective today, to concentrate on video commentaries.

This is the last regular article from Gary Christenson and Miles Franklin. I appreciate you, my readers. Thank you!
Miles Franklin will occasionally issue special reports.
Miles Franklin has been in the precious metals and customer education business for decades. We have thousands of satisfied customers and have helped them protect their assets by converting “funny money” into real money—gold and silver.
But in today’s “podcast” world, Miles Franklin will focus on YouTube videos, not written communications.

For the week ending March 5, 2021:

Paper gold (COMEX) fell $30 to $1,698, a 9-month low.
Silver fell $1.11 to $25.29.

Tesla stock hit $900 in early February and closed March 5 at $598, down one-third.

Chairman Powell and Secretary Yellen… want inflation, more is better.

Official U.S. national debt is $28 trillion. The new COVID relief and “special interests” pork bill will add $2 trillion. An “infrastructure” and “special interests” payoff bill is coming. That could add another $2 trillion, in addition to the regular deficit. The national debt will exceed $30 trillion by December 2021. Soon we’ll see $40 trillion in official debt. Inflate or die!

This is the end of an era. Consider the huge changes following these “end of era” events:

1913: Federal Reserve created. Income tax laws. WWI.
1929: Stock market crash. Depression.
1941: WWII.
1971: Nixon closes the “gold window” and debt skyrockets. Stagflation dominates the 1970s.
2001: The 9-11 disaster, Patriot act, surveillance, and loss of freedoms. Homeland Security.
2020: The COVID story, economic devastation, small businesses killed, double masks, social distancing, wearing masks between food bites in California restaurants, DNA changing “vaccinations,” millions unemployed, food lines, censorship, destructive riots, and defunding police.

SO WHAT? The common elements and consequences were:

“Normal” never returned. A new era began.

Increasing national debt, about 9% per year, regardless of who mismanages government. Consumer price inflation followed dollar devaluations. Restaurant coffee no longer costs a dime.... (cont)

https://goldseek.com/article/end-era