High Inflation vs. Financial Crisis

The Federal Reserve can either bring inflation down to 2 percent, cause a financial crisis, bank failures, stock, real estate and bond market crashes, the U.S. government to default on Treasury debt and slash Social Security benefits, while unemployment soars, or it can tolerate high inflation.

-- Peter Schiff

A Recession Is Inevitable

“If you’re still holding out hope that the Federal Reserve will be able to engineer a soft landing in the US economy, abandon it. A recession is inevitable within the next 12 to 18 months.”

-- Former New York Fed President Bill Dudley

Millions, Billions & Institutional Buyers

"I still find the difference between millions and billions to be rather mind-bending. One million seconds is approximately 11 days. One billion seconds is approximately 31.5 YEARS!"

-- Sahil Bloom

"Keep in mind that if the institutional investment community doesn't see what you see, your stock could sit dormant for an extended period of time. Why sit and wait when you can put your money elsewhere?"

-- Mark Minervini, momentum stocks trader

Bitcoin: Nothing drops in a straight line

"Don't get excited about Bitcoin being back above $20,000. 20,000 is the new 30,000. This is just another bull trap. Nothing drops in a straight line. In fact, this slow motion crash has been extremely orderly. No sign yet of any capitulation that typically forms a bear market bottom."

-- Peter Schiff

All This Debt Will Cause A Major Bear Market

 

Before this is over we're going to see the worst bear market in in my lifetime. In 2008 and 2009 we had a bad problem because of too much debt. Since then the debt everywhere even in China has skyrocketed! 

So the next bear market when it comes has to be the worst in my lifetime.

Bitcoin Will Not Be The New Monetary Standard

Jim Rogers on the possibility of a new monetary standard: 

"I don't see it being Bitcoin, it might be an electronic currency but it would be government currency. They're not going to give up their power, they're not going to give up their monopoly, because they never have." 

The End Of The US Dollar As A Reserve Currency

No currency ever lasted forever. If you go back and look at history we've had international currencies as the world's medium of exchange that have lasted 80, 100 or 150 years maximum. They've all changed over and over and over since the beginning of time.

The US Dollar has been on top for a while but now as I said we are the largest debtor nation in the history of the world and now we will not let the US Dollar stay neutral. Now, we're using it as a political or an instrument of war so that means nobody in his right mind  is going to want to use US Dollars (as an reserve currency).