from Kerry Lutz's Financial Survival Network
Kerry and Ed Siddell discussed the recent inflation and PPI numbers, expressing skepticism about the government’s narrative of a healthy economy and the Federal Reserve’s ability to address economic challenges. They also touched on the growing disparity between Main Street and Wall Street, the potential impact of future rate adjustments by the Federal Reserve, and the need for prudent investment decisions. The conversation also explored the potential of commodities such as gold and silver as safe havens, the impact of the halving event on Bitcoin, and the emergence of new investment opportunities in the global market. The discussion briefly touched on the news of OJ Simpson’s death, before delving into a detailed analysis of treasury rates and the inverted yield curve. Finally, they discussed the evolving perception of the government and the importance of staying informed through various platforms.
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Back in February, when everyone was predicting a Fed rate cut, precious metals expert and financial writer Bill Holter said rates would be going up and not down. Since that call, the 10-Year Treasury is up more than 30 basis points. It closed today at 4.67%. Now, Holter is still calling for higher interest rates that will coincide with higher gold and silver prices. Why? It’s called inflation, and it’s not temporary. Holter explains, “Foreigners are backing away from buying Treasuries. That is the only thing that has kept the doors open, so to speak, is the fact we are able to borrow an unlimited amount of money because we are the world reserve currency. Foreigners backing away from our debt is going to lead the Federal Reserve to be the buyer of last, and then, only resort. So, you will have direct monetization between the Fed and the Treasury. What that will cause is a currency that declines in purchasing power. It will decline in a big way, and it will decline rapidly. So, what I am describing is inflation that turns into hyperinflation.”
So-called artificial intelligence (AI) is taking the world by storm. Meanwhile, gold has shot up like a rocket over the past couple of months.
The big smash in gold on Friday was instructive. It has had zero follow-through here this week on either Monday or Tuesday, and this is atypical (to say the least. The usual thing would be for sustained follow-through for much of the week to the downside finally settling out at some punishingly lower number.
Turns out, collapse of the currency is the price Japan is now paying for years of crazed monetary policies.
Originally published via Armageddon Prose:
Attorney General Merrick Garland received a final warning Tuesday to comply with subpoenas for the audio of President Joe Biden’s interview with special counsel Robert Hur.
In his last protest march, Martin Luther King Jr. led a parade of demonstrators down Beale Street in Memphis, lending his support to striking sanitation workers. After a few young black men started breaking storefront windows, the indiscriminate police response killed one suspected looter and injured dozens of protesters.
In early April, it emerged that a Marxist, pro-Hamas, anti-American guest speaker gave a two-hour-long lecture at the UCLA Geffen School that included an invocation to kneel in prayer to momma earth and stand up and scream for Hamas. This proves that Marxist ideological argot, the canons of Diversity, Equity and Inclusion (DEI), intersectionality, and critical race theory have infiltrated American medicine.
About a decade ago, the organization Wikileaks unearthed and released a very interesting memo from December of 1974. Given the counter-intuitive price action of last Friday, I thought it might be instructive to review again what Wikileaks found.
JK Rowling posted a lengthy thread on X Tuesday detailing multiple cases of health workers and officials being censored, hounded, punished and fired from their jobs for expressing concerns over the use of puberty blockers and ‘gender affirming care’.
Despite the volatility, expect an epic gold and silver move to the upside over time. Take a look…
Two-thirds of U.S. colleges require students take Diversity, Equity, Inclusion (DEI) courses to graduate, according to an April report published by Speech First, a free speech organization focused on college advocacy.
The middle class in the United States has been steadily shrinking, and the gap between the ultra-wealthy and the rest of us has grown to absurd proportions. But it wasn’t always this way. When I was growing up in the 1980s, it seemed like almost everyone was middle class. Of course there were wealthy people and poor people in the 1980s too, but the vast majority of the population was comfortably somewhere in the middle. Sadly, things have changed so much since that time. Today, most of the people that I know are struggling. According to a report that was just released, in all 50 states it now takes an income of more than $100,000 in order for a family of four to live “the American Dream”…