Holly, Pimpy and more....Monday Morning 1-31-2022
Monday Morning Holly Encouragement
Good morning roomies!
"The path to success is to take massive, determined action."Tony Robbins
We are taking massive action. We have taken a huge leap of faith being a part of this blessing. Every day we walk in faith to get through another day. We struggle just to keep going. But we never, ever give up!
Intel is sparse and many are gagged. We are told to be quiet. What I do hear is positive.
Though there are many different scenarios as to how this going to happen. I will say it is crazy at the end.
Stay positive and keep uplifting your thoughts and vibrations. Let’s stay United not divided in these rooms.
-Holly
Courtesy of Dinar Guru
Sandy Ingram "Iraq's President Barham Salih nominated by ruling Kurdish party to run for second term" We do not yet know the fate of the prime minister position.
Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: International Development Bank under the Umbrella of the Central Bank of Iraq opened a branch in Dubai...this move is shown to us it is going to help strengthen the Iraq economy. This is acting as a private bank under the umbrella of the CBI... FRANK: ...The same with many banks around the world. They're all excited about the CBI satellite banks in their country because they know a change to the IQD exchange rate is coming...if you recall I told you about all the private banks and where they're located in the United States.
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Iraqi Dinar update for 01/30/22 - the rate change might be better than i originally thought
Pimpy’s Investment Chat:
Brian Hirschmann: Higher Inflation and Rates Will be Good for Gold
Palisades Gold Radio: Jan 31, 2022
Tom welcomes Brian Hirschman back to the show. Brian is Managing Partner of Hirschmann Partnership which is occasionally referred to as the "World's Most Bearish Hedge Fund."
Brian expects inflation to persist for longer than most investors expect due to massive government debt. Inevitably, the U.S. government will default which will send miners and gold far higher.
We could expect some benefits from labor and supply chains improving but inflation has many causes. At some point, government debt will matter, and much higher inflation will result.
Investors shouldn't be too concerned about interest rates as the bigger driver of gold will be risks of default and inflation.
Markets are different today due to the enormous size of the global asset bubbles. Gold will move higher when investors realize that inflation will be here to stay.
Crypto remains a much smaller asset class than gold and therefore the impact of crypto is likely not that significant. Many crypto investors are more speculative and most aren't that interested in metals.
Gold is the ultimate low-risk asset whereas cryptocurrencies remain risky speculative assets. Over the long term, the gold price will drive the mining equities much higher and we're starting to see this occurring.
Gold miners should go up much higher than the returns on gold when the bubbles start to burst.
All governments have too much debt and are trying to keep rates low thru regulations. Banks now own four trillion in debt securities issued by the Fed.
Should foreign debt holders realize the risks then they will start selling their treasuries. This could easily trigger a crisis since we can't control other countries with regulations.
Marginally higher interest rates today will likely not have much impact on inflation but could impact default risks.
Brian compares the status of the U.S. with that of the last European debt crisis.
China's real estate bubble is even worse than that of the United States. When it pops we will see severe impacts on global markets.