They think does not translate into much of anything. World affairs does not fit into their criteria. They talk like its a done deal. At some point Trump is going to dump on little Kim in N. Korea.
Here is an interesting chart of mutual fund % cash and SnP
Yes it is a crazy chart, but it supports a major change coming soon. I have the feeling looking at ascending support and descending resistance on several PM charts that we are going to see that major change in October or before. The most convincing anecdotal evidence was Janet Yellen saying she did not see an economic downturn in our lifetime. There are so many charts suggesting the economy propped up by fiat money is about to realize that the economy is not supported by real wealth increase. Remember, new fiat currency is not money with wealth until the new fiat currency steal wealth from current holders of the currency. This process takes time to be processed in the real economy and when it does, prices will reflect the truth. That truth is positive for PM's measured in fiat.
Dave and Ken... So, what you are say'n is that we should be Yellen at Janet? Seems like she'll be retiring sooner rather than later if these charts hold even 25% of the truth of impending economic turbulence that is being forecast by these charts~!!
There is not a word you wrote that I could disagree with. It is as the reality of breathing to stay alive.You wrote: "Reducing the size of government fixed the recession before the depression, so to repair the problems of 2008, we had one government stimulus program after another with great names like cash for clunkers. Belt tightening to get finances in good shape was replaced by profligate spending. The federal reserve got into the act with QE or money printing by another name that could not have taken place if FDR and Nixon had not removed the one means of keeping the federal reserve in check, the backing of money with precious metals."And they did so because Vietnam was having a dragging effect on the economy.. What better scheme to create a paper fiat dollar backed by nothing, where all nations who wish to benefit from the Amerikan scheme participate if they want to stay solvent? Love the ingenuity of the Amerikan con-man!