SD Midweek Update: Is a weakening of the US dollar, or even a shock-devaluation…imminent?
She’s not even an official Fed pick.
You wouldn’t think that if you follow the mainstream, however, such as this “Washington Post Economics Correspondent”:
NEW: Trump’s Fed nominee Judy Shelton calls for a 50 basis point cut in interest rates at the July meeting
— Heather Long (@byHeatherLong) July 22, 2019
Such an impressive title, so it must be official doctrine.
But, there is STILL no official release on White House.gov indicating that Judy Shelton has been formally nominated.
So far, all we have is an unofficial “@realdonaldtrump” Tweet announcing his intention to nominate Judy Shelton to the Fed, but that’s just Trump’s personal, private account, you know, kinda like Hillary’s official use of personal stuff.
So it can’t be official.
Or can it be?
I guess President Trump gets a pass.
Anyway, who is Judy Shelton, and more importantly, where does she come from and where is she going?
From whitehouse.gov (bold added for emphasis):
Judy Lynn Shelton of Virginia to be United States Director of the European Bank for Reconstruction and Development. Ms. Shelton has testified before Congress on numerous occasions as an expert witness on international finance, banking, and monetary issues. A former Senior Research Fellow at the Hoover Institution at Stanford University, she is the author of two books on global economic developments. Ms. Shelton currently serves as Chairman of the National Endowment for Democracy and is a Senior Fellow at the Atlas Network. She holds an M.B.A. and a Ph.D. degree in business administration specializing in finance and international economics from the University of Utah. She received a postdoctoral fellowship from the Hoover Institution through the National Fellows program.
That’s who Judy Shelton is, where she is, and well, we know where she’s supposedly going.
She’s an international banker/economist from many a globalist institution.
She’s not really “America First” with her strong focus on the global economy.
I could go much deeper into the myriad problems, but I’m trying to be nice.
Sure enough, today, July 24th, 2019, there Shelton is listed right there on the European Bank for Reconstruction and Development’s Board of Directors page:
The column (screenshot is just one row, but it’s really a column on the webpage) with the word “Vacant” refers to the “alternate”, as in, TINA.
I couldn’t resist.
But there is no alternative.
Now, why is this appointment important?
Well, Judy Shelton has been playing in Negative-Interest-Rate Land, and she’s now coming home to roost.
As a current Trump appointee, as in, she’s already a member of the Trump Administration, regardless of whether she is confirmed to the Fed or not, she can be, and will be, in my opinion, tapped to do overt and covert Exchange Stabilization Fund activities which will include weakening the US dollar and working to force negative interest rates in the United States.
OK, “Hey Half Dollar, you have fallen off you’re rocker again. She’s a Gold Standard Advocate, and she’s one of us!”.
Then why won’t she answer one simple question about gold?
Such as this one, which I am still waiting to get an answer from:
Should gold be revalued from $42.2222 per ounce
to its current market price of, call it, $1425?
— SilverDoctors.com (@SilverDoctors) July 23, 2019
Although I don’t think I’m going to get it.
Which just goes to show you who’s side she’s on, because she’s plenty happy talking to the mainstream media, including the mainstream financial media, but when it comes to her supposed sound money advocacy?
I get crickets.
Lots of them.
I’d really rather not have to spend my precious time thinking about Judy Shelton, but the more Judy Shelton’s name comes up, the more I must look into who she is and what she stands for.
As of right now, my opinion of her is that she is a “Deep State Globalist Enabler” at best, or she’s a “Deep State Globalist” at worst.
Probably the former, because most people would opt for the not quite as posh yet still lavish lifestyle over the crazy-rich & swanky lifestyle overcast with the constant cloud of paranoia.
Or am I wrong in my assessment here?
Is Judy Shelton good for gold?
Well, if I’m right about her upcoming direct role in weakening and devaluing the US dollar and playing an integral part in implementing negative interest rates in the United States, then yes.
She is good for gold.
We are very close.
Very close now.
The gold-to-silver ratio has fallen to the upper-80s:
In my opinion, the ratio is still screaming “buy silver”.
Silver is performing slightly better than expected:
I’ve been expecting silver to be range-bound between $16 and $16.50 this week, and we’re sitting at $16.57 as I type this on Wednesday morning, and oh my, that golden cross is going to look super-strong in no time!
Gold is doing well simply consolidating over time:
I’m currently not looking for that much downside pressure below $1400, but I do think we could test $1400 before the week is over.
Palladium is holding at support:
The precious metals, and the industrial metals, are beginning to catch a whiff of stagflation, so I think the next major move is higher once palladium is finished smelling the putrid roses.
Platinum has yet to give us an upside-surprise:
The gold-to-platinum ratio arbitrage opportunity is still very much a great opportunity, and, in my opinion, it’s an opportunity that will not take as long as the gold-to-silver ratio arbitrage.
Copper is still looking for a bid:
Either way, when the next recession, which I think we are already in, becomes too painful to ignore by the mainstream media, I don’t think we get a crash in the copper price, but to the contrary, because I think copper will be stockpiled as a savings vehicle and as a hedge against inflation.
Crude oil is straddling it’s major moving averages:
If what I think is about to happen to the dollar plays-out, then crude oil will turn north in a hurry.
Side Note: Do your best to prepare now, and avoid the coming general protests, civil unrest and urban riots because where most of the “civilized world” has been severely de-armed, once the coming economic misery and financial ruin hits American streets, well, let’s just say it’s going to get ugly.
But hey, who cares about all those baby boomers dying because of the decisions they have to make between eating food, cooling their homes, or taking their meds, because the Fed and the government, Trump included, what them to spend every single last penny of their capital, accrue zero savings, and die an early death due to inflation at an even faster inability to keep up with the rising cost of living pace than now, now that the Fed is cutting interest rates so the top 1% can enjoy an even record-higher US Stock Market.
Is it not like that?
That is what the Fed and the Government, Trump included, are forcing baby boomers to do.
Or am I wrong about something there?
Well, yeah, I was.
Sorry about that.
The stock market actually didn’t hit a record high on Monday or yesterday:
I mean, if the cartel ramps-up the stock market every single day, that would just look a little too, dare I say, “manipulated”.
I said it.
Go ahead and label me now.
My friend VIX has been involuntarily sedated for so long, I’m not sure he’s ever gonna be right again once he comes-to:
If they don’t just outright kill him, wild unpredictability will be his new, uncontrollable behavior.
Better get Shelton to the Fed quick because those negative rates can’t come soon enough:
I’m sure they’re polishing-up the marketing campaign right now.
And you will love it.
If you have any dollars, now is about as good a time as ever to get rid of them:
Devaluations hurt, bad, but shock devaluations, be them overt or covert?
There will be many who simply can’t adjust to the coming new reality.
Last week I talked about gold, silver and having some good skills.
This week, those three things are more important than ever.
We have been given a pause, but don’t use it to be lazy.
And don’t think you will be fine because of your stack.
There will come a time when you need your stack.
There will come a time when you use your stack.
There will come a time when you need skills.
A time when you need to use those skills.
The problem is, there ain’t much time.
Especially if they’ve got plans.
To weaken the US dollar.
They know it’s coming.
I get labeled crazy.
It only is crazy.
Until it isn’t.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.