Sunday, August 07, 2022 8:00:12 AM
When I watched the video I agree with all the points he made, but maybe not on what the Fed will do. He said that in order for the Fed to get control of inflation they would have to raiise rates to 5 or 6% FOR AN EXTENDED PERIOD OF TIME. I just don't see that as an option they can take. That would most likely crash the financial markets and the interest on just U.S. debt alone would be unsustainable. Doing that would be taking the depression route. I'm doubtful that would be the choice they make. Instead, I think they will just attempt to inflate as much debt away as they can but attempt to hold the System together. I think they know about how high they can take rates and not collapse the world economies.
The points he made in the video regarding deglobalization of the supply chain from east to west is spot on. That's happening right now and will be the impetus for the changing of the world guard. What's going to happen when China invades Taiwan?
Will the supply chain from China to the rest of the world remain intact? I seriously doubt it, but not only will it hurt China, think about what it does to everyone dependent on China. My guess is that such an event would be hugely inflationary for a while anyway.. The demand would be there, but no suppy would be available.
It would be the Covid supply disruption on steroids.
Gammon mentioned unrest happening as a result of these events that would eventually lead to war. IMO we may see a threat of war happen that causes much of the unrest if global supply chains are disrupted as they seem to be now.
It's all coming to a head sooner than later and IMO gold and silver eventually will benefit greatly from it.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM