/biz/ - Business & Finance

My advice is to get the hell into precious metals while you still can. Either they do Yield-Curve Control within a matter of weeks and precious metals soar to the moon, or they let the stock market keep crashing and the over-leveraged banks go into a banking crisis (https://www.youtube.com/watch?v=9TSWnSzSES0).). Either way the situation will cost the Fed tens of trillions and completely trash the dollar.

You also have the danger of an imminent COMEX default. Some people are talking about their fears of "deflation" now. There is no "deflation" whatsoever. We already have hyper-inflation in the correct sense of "an uncontrollable expansion of the money supply." You couldn't even get $2 billion dollars' worth of physical silver if you wanted it, and yet the money supply is now tens of trillions; that's how bad things are. So as soon as even a fraction of this hyper-inflated money supply chases the minuscule amount of metals available on the COMEX, that's it, that's the end of everything, the dollar is exposed as a fraud and you get wiped out if you're holding either bonds, dollars, or dollar-denominated assets. And this flash-crash might just be the trigger for it, quite as it nearly was in March 2020. People who talk about "deflation" are making two mistakes right now, 1) Not understanding the right meaning of the word "deflation" and 2) Confusing the paper COMEX price of PMs for the imminent real price. You might get lucky if you jump out now and try to catch a falling knife, then again you might simply wake up tomorrow and hear that the COMEX has defaulted and that gold is now $20,000 an ounce and see GDXJ soaring 5000% in the futures market like GME or a crypto scamcoin.