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Ol Hickory's avatar

And then it’ll get blamed on a cyberattack by Russia/China/Iran or some BS

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Keithhayle's avatar

Yeah and the left or most of the population would blame trump.

I told that to a fellow employee before the selection. That I thought trump would win then the collapse would happen and everyone would blame The Duppy.

Either way it’s always the blame game. Sad thing is no one blames the FED.

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Out Of Shape Cartoons's avatar

Central banks are hiding the truth about what is driving inflation and how bad it is going to get. They want you to believe that what is happening is a result of government stimulus in response to the pandemic. Total nonsense. Look up quantitative easing. Look up the Fed balance sheet. That 8.9 trillion dollars worth of assets that they purchased to prop up the economy in the years following the 2008 crisis dwarfs the stimulus. Every dollar that sits on central bank balance sheets is money that was created out of thin air and injected into the system. This is what created the inflation we are seeing now. Raising interest rates can't bring it down. That would only work if the inflation was caused by excessive lending, but it wasn't, and they know that it wasn't. The only way to prevent Venezuela style hyperinflation at this point would be to remove 8.9 trillion dollars from the U.S. economy and approximately the same amount from the EU economy. This would obviously have catastrophic consequences and draw attention to their insane monetary experiment, so instead they are playing dumb. They acknowledge that raising interest rates will likely cause a deep recession, but what no one seems to be talking about is what happens to interest payments on government debt as these rates climb. With the U.S. national debt sitting at 30 trillion, the prospect of a full fledged default isn't just likely, it's inevitable. When the U.S. government defaults, the global financial system will grind to a halt (as will international supply chains). Most people can't even imagine the implications.

This cannot be fixed. That's why they cooked up the "Great Reset". Don't let them get away with it.

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gerkenstein's avatar

Exactly. And Greg is a moron saying we should raise rates..and he's a hypocrite for crying about devaluing the dollar. His alternative? devalue the dollar by pricing gold at 50k and ounce. Gregory is a nutjon fraud.

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BooBoo's avatar

Yes gold will be 50k an ounce and you will still be on welfare....

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gerkenstein's avatar

I pay enough taxes for three welfare recipients. Meanwhile I robbed the banks for 13k and counting.

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Doug Youngman's avatar

YOU AGAIN!!?

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gerkenstein's avatar

Another great non rebuttal. Sweet.

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Doug Youngman's avatar

I Call... let's see your hand - you and your bluffing banker-butt-buddies. Got the metal? Your pokerface tells me you traded all your gold for wind turbines. Call.

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gerkenstein's avatar

Are you ever going to make a coherent statement?

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BooBoo's avatar

Are you ever going to make a coherent statement?

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Seabiscuit's avatar

A good time to stock up

on food and hold gold, silver and a good supply of Constitutional Money, 90% US minted dimes and quarters foe easy barter ability.

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Henkel's avatar

Keep up the good work you’re a patriot. You’re a real man. We are in the end game. I never stay silent live free or die and so much more.

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Justin Wickham (Jay Wycombe)'s avatar

Trump has no problem with the system imploding on his watch because he gets to be a part of framing the next one. More importantly, he gets to pack all of the oversight agencies with people favorable to his family.

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Big Moe's avatar

Thanks Greg.

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BooBoo's avatar

And if this was to happen will the price of gold go up or down?

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Robert R's avatar

Greg taught us that when money velocity shifts from risk assets into physical assets the price action of gold will be the bottom of the Dow Jones $8000 an ounce and silver would close the gap pricing in at 10-15:1 GSR.

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Robert R's avatar

Would there be a pull back at first? There was at the start of the Global Recession for gold and Silver.

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Seabiscuit's avatar

Every day there is a pullback from the dollar

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Robert R's avatar

Lol there is a pull back on everything, every trading day. Were not talking about seasonal market sector rotation. 😂

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Seabiscuit's avatar

I don’t trade as we own no Stocks, Bonds, Annuities, Bitcoin, Cryptocurrencies, what did I leave out? Enjoy your every day trading.

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Robert R's avatar

Lol NOW I am totally confused by your response " There is a pull back from the dollar every day" Do you mean that buyers and sellers are pulling back from the dollar every day or there is a pull back from from the dollar ( price action, relative, comparative strength ) every day. I just want to understand your comment thats all.. 😊

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Seabiscuit's avatar

I didn’t mean to confuse anyone. It appears that the U.S. paper fiat currency created out of Nothing and backed by Nothing has lost 9% of its purchasing power since January 2025.

People are pulling back their currency, which is not money, out of various financial instruments, and moving it into safety assets like food, gold, silver and junk silver, dimes and quarters.

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Bill Alvarez's avatar

Thank you 🙏🏻 👏🏻

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Robert R's avatar

Very well written Greg. If the public in general repudiates a centralized digital currency. There would in my opinion be a return to commodity money. But only if the majority of folks simply say no to credit CBDCs.

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Andy's avatar

GM Great article written. As Gerald Celente says from The Trends Journal, When all else fails they (GOVERNMENT) takes you to war. Plus when the CBDC becomes the New Currency we become Slaves to the Central Bank's of the world. We will be told where to spend our money. China is already doing this to their slaves.

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Janice Nalley's avatar

Reuters is a bought and paid for shill of the democratic party along with every other news organization except alternative. Of course the dollar will fail, EVERY Fiat currency has!

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Matt Scalaro's avatar

Greg as one who has institutional knowledge in the CDS space. I agree with your assessment there is concern in the debt market. With the movement in gold (real asset) and the central banks purchases over several years, my gut is this could be much worse than 2008.

Real assets should be in portfolios. Royalty companies, land , energy transfers, water and food. The basic necessities.

Keep strong lions.

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Denise's avatar

I remember Greg teaching us all this would happen!! We need GM to run the money system!

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Mark Pezzini's avatar

Thank You!!

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gary's avatar

Will this event be preceded by am event in Japan first?

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Charles DiDonato's avatar

Greg, unfortunately the government is in a position where they have to lower interest rates and devalue the dollar to keep the “Ponzi Scheme” going. With $9 trillion in debt expiring this year, the soon to be issued replacement debt needs to be at lower rates or the entire system is in jeopardy of collapsing. We all know what we have to do. We’ve talked about it many times. Invest in gold and silver, and have some money in bitcoin, have some cash and stock up on essentials. Remember, we know the endgame. Our job is to prepare ahead of time to protect our loved ones and ourselves from financial ruin and potential chaos. Lions on the prowl! 🦁🦁🦁🦁

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