First Mining Gold Corp (FFMGF)

[Implanting]

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.