Expect a vicious repeat of the “stagflation” of the 1970s, but with prices rising FAR more rapidly than incomes, except for the top 1%.
Expect silver, gold, mining stocks and the silver to gold ratio to rise rapidly in 2017 and 2018:

Precious metals have given back a large portion of their 2016 gains. Nevertheless, 2017 has started with a bang. Perhaps we have finally put in the low many of us have been anticipating.
David Morgan, publisher of The Morgan Report a research newsletter focused on the silver and gold marketscertainly thinks so…

euro-gold-greenspan

In a remarkable interview, former Fed Chairman Alan Greenspan has warned BREXIT will likely trigger the END of the Euro, and recommended investors buy gold now as protection:
“Significant increases in inflation will ultimately increase the price of gold.  Investment in gold now is insurance…”

Central banks must be increasingly aware that critics of monetary policy are getting some traction in their arguments, that not only have monetary policies failed in their objectives, but they are creating counterproductive economic distortions as well. Chief among these is the transfer of wealth that comes with monetary debasement.

“The Fed, I think, is willing to sacrifice the dollar to keep propping up the bond market.  Even if we launch QE4, it may not have the effect on the bond market that prior round of quantitative easing had. They may lose control of the long end of the bond market I think the dollar is going to tank... In order for the Fed to keep the air from coming out of this bubble (in bonds), they will have to sacrifice the dollar.”
Where does that leave hard assets like gold?

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In This Exclusive Interview, London Analyst Alasdair Macleod Issues A Dire Warning: If Trump Fails to Learn THIS, He Will Lead America Into A Repeat of the Great Depression…

collapseWe are facing a terrible crisis… In terms of the Fed (getting control) and the long term solvency issues, these are death knells for the dollar. Unless those are addressed, you are going to see massive selling of the dollar, a debasement of the dollar and high inflation that will lead you into hyperinflation…

hyperinflation“How on earth are we going to resolve $120 trillion on balance sheet and off balance sheet liabilities before we consider state and local debt and underfunded pensions?  My suspicion is we get out of this in one of two kinds of defaults.
I think we will have a series of unofficial defaults where we devalue the net present value of the obligations, which is a different way of saying we devalue the currency, gradually like we did in the 1970’s. I think that will have the same impact on gold and silver prices…

gold kissIt’s beginning to look like the Indian Government’s latest attempt to suppress the amount of physical gold demanded by the Indian population is going to backfire – badly.
As this effort fails, the rebound in the price of gold and silver will likely create its own “shock and awe”:

Orwell 1984Last weekend, the Washington Post reported a new, McCarthy-type black list of “fake” political news sites. The mainstream reporting of the the current economic news is now so pathetic and biased that there will no doubt soon be a similar list of “fake” economic news sites.