Bix, X22, Mike Maloney and Lynette Zang Thursday Afternoon 11-21-19
Bix Weir
Silver, Cryptos, Stocks Crashing! NO PLANS to Save the System!!
RoadToRoota: Nov 21, 2019
There now ARE NO PLANS to "Save the System!"
Gone are the days of politicians and bankers saying "We Need to Balance the Budget and become fiscally responsible!" It's time to crash it all!
The People Are Waking Up, The [CB] Days Are Numbered: Bob Kudla
X22 Report Spotlight: Nov 21, 2019
Mike Maloney: Here's Why $5000/oz Is a LOW PRICE For Gold
Premiered 20 hours ago
Why is Mike Maloney so heavily invested in gold at this time in history? And why does he believe prices are headed substantially higher? The answer starts with a chart… As Mike and Ronnie discuss in their fourth video, this chart shows the amount of US base currency vs. the market value of US gold reserves....As you can see, the value of gold has “caught up” to the amount of the base currency twice in the past 85 years. The first during the Great Depression and the second in 1980. Based on the extent of currency abuse in the US, Mike and Ronnie believe we’re on the cusp of another catch up. And that catch up would require much higher gold prices to match the amount of base currency in existence.
Lynette Zang:
CRITICAL CONDITION, DOMINOE'S FALLING What's Hiding Under These Stock Market Highs
Streamed live 22 hours ago
All of a sudden, in the face of no change, global stock markets are moving up. In the US they are making new highs even as trade wars escalate and a possible government shut down was postponed until December 20th. Merry Christmas.
In the EU, markets are now at four-year highs, even as a hard Brexit looms. And now we know why it had to be postponed yet again. Because of the 640 trillion euro derivative contracts that clear through the city of London. Bank “traders have stressed that there is no alternative venue for some types of contracts” (emphasis mine), in other words, they don’t know how to untangle the complicated derivative spider web and both the Bank of England and the European Central Bank are worried about the risks to global financial stability and a potential breakup of the Euro common currency currently being used in nineteen European countries.
In Europe unemployment “is at its lowest level in a generation. Ten million more people have jobs today than before the financial crisis” as “Demand for workers remains high, with more job openings than ever before”. Sound familiar? Additionally, “The British job market over the past decade looks like a success story. The unemployment rate is near a record low” with the number of working adults is at the highest since records began in 1971.
The same is true in the US, so what’s the problem? Rather than creating a booming global economy, income inequality is at the highest levels ever with most of the benefits going to corporations and the 1% and the world is slipping into recession because the inflationary money creation is remaining at the top and not flowing through the entire economies.
How has digital spot gold responded in terms of euro’s? It is concluding the cup formation (accumulation pattern) that began in 2013.
But even more importantly, as central bankers understand that they are losing the inflationary war they are preparing to remain in power by accumulating physical gold at levels never seen before.
What can we deduce from their behavior? Those who hold physical gold are most likely to win.