The Great Depression and the 2008 Financial Crisis happened on purpose. Each time the system began breaking apart, the aftermath allowed the Federal Reserve to print astronomical amounts of debt. They allowed these situation to break apart because it was the only solution to expand their balance sheet. Now we are entering the Greatest Banking Crisis in Modern Era. It should be clear by now that the FED's oldest trick in the book is to break something in order to fix it. Keeping rate higher for longer breaks the banks...and they can fix the banks by printing to oblivion. Printing to oblivion creates liquidity which is stock market positive. But things will get far worse before it gets better.
Gerald Celente says, "when all else fails, they take us to war", but there is also the fact that "when all else fails, the FED breaks things in order to fix the problem."
The must break this system as the debt cant be repaid and interest alone now is exceeding receipts. They also have their CBDC ready to go, which is their end game. Sadly, the FRN will likely not have much of any purchasing power left by the time we get forced onto CBDC.. which is the point.
The Fed is useless for normal citizens. The main cause of this inflation is the out of control govt spending yet the Fed continues to ignore it and in fact enable it while making things worse by killing the economy with higher interest rates. In fact powell says we need to lose a million jobs. What????? Now there's something that helps the middle class.
The Fed has worked against the middle class/labor economy for a very long time. Lies about unemployment and softened inflation numbers so people's wages don't move up with real inflation for decades. The Fed despises the "main street economy" and only cares about the financialized economy. Workers paltry wages arent responsible for inflation.. 90% of jobs now do not pay a living wage. And the Fed has insisted on punishing the labor class since 2008.Now you have younger generations unable to leave home or even afford basics on college grad salaries.. as the investor class reaped at 6 fold increase in stocks since 2009
Porter Stansberry predicted years ago that the time was coming when we would see the greatest transfer of wealth the world has ever seen. It appears the time is at hand and I thank you Greg for confirming this very thing.
Yes, I just bought a Pre33 graded gold coin through EBAY. Although it was NGC certified and slabbed the "proof" hologram on the back was pealed off. Beware of such actions.
Greg . . . Yours is the clearest and most concise definition of RISK OFF I have ever read. Keep up your crusade to educate us all... and God bless you.
The greatest wealth transfer is actually underway- people don't realize it. The purchasing power has been so diluted that the digital numbers have very little purchasing power. Net worth of average Americans is now at all time high.. yet it isn't translating into retirement or financial stability. The higher the stock market, housing goes, the result will be the "poorer" people will actually become.. even as their shiny digital numbers get bigger. Banking failures and the real estate market will be the ones to bring this all down. The stock market is meaningless... it is the quadrillions in sovereign debt- which the US and all Western countries have absolutely no intention of paying off.
I've been buying up risk-off assets like gold and silver mining shares, mining royalty shares for years. When I encountered more of the work of Gregory Mannarino, I started thinking of the opportunities I've been missing in risk-on assets and especially ETFs for diversification. As a result I've been getting JEPI to benefit from the current environment while occasionally adding to my suppressed commodity related portfolio. I wish that I had been taking advantage of the risk-on assets long ago, as I'd have far more money to generate income and buy commodity assets with now.
My favorite commodity assets to hold are TRX (Tanzanian miner which is now ramping up production significantly while its share price remains extremely suppressed), RGLD (gold royalty company), PHYS (physical gold ETF) and PSLV (physical silver ETF). I've also been thinking of getting some IGLD (gold covered call ETF) though I'm not sure if it makes sense.
Overall, though, I've enjoyed finally seeing money deposited into my account on a regular basis with JEPI. I'm going to keep buying it and based on my calculations it's going to be a significant income stream as the position grows. I expect I'll likely begin diverting the dividends from JEPI into commodities when I feel that the position has grown to a sufficient size.
The Great Depression and the 2008 Financial Crisis happened on purpose. Each time the system began breaking apart, the aftermath allowed the Federal Reserve to print astronomical amounts of debt. They allowed these situation to break apart because it was the only solution to expand their balance sheet. Now we are entering the Greatest Banking Crisis in Modern Era. It should be clear by now that the FED's oldest trick in the book is to break something in order to fix it. Keeping rate higher for longer breaks the banks...and they can fix the banks by printing to oblivion. Printing to oblivion creates liquidity which is stock market positive. But things will get far worse before it gets better.
Gerald Celente says, "when all else fails, they take us to war", but there is also the fact that "when all else fails, the FED breaks things in order to fix the problem."
The must break this system as the debt cant be repaid and interest alone now is exceeding receipts. They also have their CBDC ready to go, which is their end game. Sadly, the FRN will likely not have much of any purchasing power left by the time we get forced onto CBDC.. which is the point.
Well said! Election year will create a risk on bubble.
The Fed is useless for normal citizens. The main cause of this inflation is the out of control govt spending yet the Fed continues to ignore it and in fact enable it while making things worse by killing the economy with higher interest rates. In fact powell says we need to lose a million jobs. What????? Now there's something that helps the middle class.
The Fed has worked against the middle class/labor economy for a very long time. Lies about unemployment and softened inflation numbers so people's wages don't move up with real inflation for decades. The Fed despises the "main street economy" and only cares about the financialized economy. Workers paltry wages arent responsible for inflation.. 90% of jobs now do not pay a living wage. And the Fed has insisted on punishing the labor class since 2008.Now you have younger generations unable to leave home or even afford basics on college grad salaries.. as the investor class reaped at 6 fold increase in stocks since 2009
It's a conundrum!
Porter Stansberry predicted years ago that the time was coming when we would see the greatest transfer of wealth the world has ever seen. It appears the time is at hand and I thank you Greg for confirming this very thing.
Where do you recommend to buy gold and silver?
Liberty Coin and Pinehurst Coins on eBay are reputable, reasonably priced, and provide fast shipping.
I've found the premiums on JM Bullion, APMEX, and/or SD Bullion to be getting too high compared to what they used to be.
Never had an issue with either of the five I mentioned.
Stick with generic rounds and bars. Ounces are ounces.
thank you
In no particular order, these are all reputable dealers
https://www.jmbullion.com
https://www.providentmetals.com
https://www.bgasc.com
https://sdbullion.com
https://www.apmex.com
https://www.boldpreciousmetals.com
https://www.gainesvillecoins.com
https://www.scottsdalemint.com
https://www.goldenstatemint.com
https://online.kitco.com
https://goldsilver.com/
Other sites for comparison shopping:
https://www.metalmarkup.com/
https://comparesilverprices.com/
https://comparegoldprices.com/
Note of caution: stay away from eBay sellers until you can call yourself an expert. There are a lot of scammers out there.
Yes, I just bought a Pre33 graded gold coin through EBAY. Although it was NGC certified and slabbed the "proof" hologram on the back was pealed off. Beware of such actions.
Thank you Dave. I also have used https://www.wholesalecoinsdirect.com/. Compare prices and watch for deals.
thank you
SD Bullion is pretty good.
Yes, I have had good luck with them too.
Monument Metals has very competitive pricing and will treat you well.
Thanks my man , or "General" lol
I always look forward to your views when time allows me.
Anyway since you have this medical background that I missed, you got a new name,your now
"Dr. Greg"
Not Dr. Death , Life ,Reality....
Simply Dr. Greg, the man with the knowledge of the markets and as a Doctor your a wonderful teacher,and this idiot appreciates your input
Greg you have talent in writing; clear and concise packed with information. Thank you
Greg . . . Yours is the clearest and most concise definition of RISK OFF I have ever read. Keep up your crusade to educate us all... and God bless you.
good morning, Greg! That was a darn good one! Thanks!
That sums it up right there, the bigs got their bonus. Vote harder everyone 🤡😡🤡
Mornin’ G ... that summed it up ... thanks
The greatest wealth transfer is actually underway- people don't realize it. The purchasing power has been so diluted that the digital numbers have very little purchasing power. Net worth of average Americans is now at all time high.. yet it isn't translating into retirement or financial stability. The higher the stock market, housing goes, the result will be the "poorer" people will actually become.. even as their shiny digital numbers get bigger. Banking failures and the real estate market will be the ones to bring this all down. The stock market is meaningless... it is the quadrillions in sovereign debt- which the US and all Western countries have absolutely no intention of paying off.
Btc is digital gold
I've been buying up risk-off assets like gold and silver mining shares, mining royalty shares for years. When I encountered more of the work of Gregory Mannarino, I started thinking of the opportunities I've been missing in risk-on assets and especially ETFs for diversification. As a result I've been getting JEPI to benefit from the current environment while occasionally adding to my suppressed commodity related portfolio. I wish that I had been taking advantage of the risk-on assets long ago, as I'd have far more money to generate income and buy commodity assets with now.
My favorite commodity assets to hold are TRX (Tanzanian miner which is now ramping up production significantly while its share price remains extremely suppressed), RGLD (gold royalty company), PHYS (physical gold ETF) and PSLV (physical silver ETF). I've also been thinking of getting some IGLD (gold covered call ETF) though I'm not sure if it makes sense.
Overall, though, I've enjoyed finally seeing money deposited into my account on a regular basis with JEPI. I'm going to keep buying it and based on my calculations it's going to be a significant income stream as the position grows. I expect I'll likely begin diverting the dividends from JEPI into commodities when I feel that the position has grown to a sufficient size.
Where can I find the commodity etfs that the big dog recommends? Love the JEPI
Bo Polny predicted, again, another stock market crash by 11/16.
Death the the stock markets.