SD Metals & Markets: Michael sees the next financial downturn beginning this fall. Here’s what he says it means for fiat currencies and for gold…
Topics covered in this week’s Metals & Markets Wrap include:
– The most hawkish Federal Reserve is now, even VS the late 1979 / early 1980’s Paul Volcker regime (in which Gold was the Enemy, first thing when Volcker said walking into his Fed head office in early 1980, “What’s the price of Gold?“). This go round, we now have the most overleveraged global debt level scenario of all time.
– Somewhat recent $11 trillion USD borrowings in emerging markets hurting from recent US dollar strength vs other fiat currencies. Emerging markets are now in bear markets, thus the ongoing hemorrhaging and China trade war escalations. What are Japan and the EU doing vs the US?
– This fall 2018, Michael sees a likely US financial market downturn due to an ongoing confluence of events he mentions in sequence.
– Current Fed QT and other factors are potentially leading to this aforementioned fall 2018 downturn. Central Bank responses could include restarting coordinated macro quantitative easing programs again, while back-slashing interest rates to zero and beyond into negative interest rate levels. What are the potential psychological affects of another global financial crisis on the mass of investors and people at large?
– Finally Michael hammers the point that Gold Bullion values historically performs best in falling real interest rate environments, when broad based sovereign debt defaults commence, and ultimately with failing faith in the fiat monetary system en masse.
Record Global Debt Levels near $250 trillion USD in Q1 2018
Gold Bullion’s true Mark to Market Accounting Awaits
Tune in to the interview in audio only its entirely below (MP3 format):
You can also tune in to the entire video interview by watching the video below:
About the Interviewer
James Anderson has a BA in finance from Loyola University New Orleans. He has both worked and invested in the physical investment grade bullion markets prior to the 2008 global financial crisis.
About the Interviewer
Journalist Elijah Johnson, Co-Host of SD Weekly Metals & Markets, vaulted onto the economic scene after launching his “Finance and Liberty” YouTube Channel, to which he’s been called “the 16 year-old smarter than Ben Bernanke”. As one of the youngest sound money advocates around, with a eye on the national debt, the US dollar, and the gold & silver markets, Elijah is on a mission to warn and educate his generation about the risks of the current financial system, and what people can do to protect themselves.