The Long Term Charts Tell A Very Different Story For The USD and Bonds
Doc joins me today to share his longer term outlook for the USD and bond market. Looking at the monthly charts Doc does not see the USD moving much higher and for the bond market there is a good chance of a breakdown in the near term.
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The government doesn’t “print” currency in our system, it borrows it into existence. The central state issues bonds and the central bank buys the bonds with newly created currency. Or pension funds, insurers, etc. buy the bonds, so “we owe it to ourselves.” Regardless, debt accrues interest and eventually this generates consequences.
Somebody benefits from all the deficit spending on cartels and all the financing of the debt: the top .1%. And why are you surprised? This is the only possible output of a state-cartel kleptocracy/oligarchy.
We The People(Little People) …….are screwed……..
Bang on Jerry!
Thanks, Jerry.
I’ve been harping on the feral gooberment debt for decades but few seem to care. Remember when the Concord Coalition was formed? It had absolutely no effect.
Gooberment spending and debt is completely out of control yet few average Amerocons realize it and fewer care.
Let’s Have a Guy Old time…………..
San Fran…..needs some more needles……..
https://www.zerohedge.com/news/2018-09-14/san-fran-fed-appoints-first-openly-gay-woman-new-president
I am sure they will do a good job………….the Fed is so confused, it does not know if it is on first, second or third………Heck, ……There should not be CENTRAL BANK to begin with…….
Doc, what do you think about Skeena resources at this level $.42
Pardu, not investment advice but I purchased some Skeena awhile back and am waiting to add in the future. I hope for a little more fallback before I purchase.
Doc, I agree with your assessment on the US Dollar. Good thoughts today.
Ex, thanks.
Not sure if the metals have finished their downside movement yet. Consequently, the dollar could have abit more upside potential in the immediate future.
Agreed. I think we have one more spike on this chart.
EBO………this is for you, as a follow up…….
https://www.zerohedge.com/news/2018-09-14/massive-deficit-spending-greenlights-waste-fraud-profiteering-and-dysfunction
America’s problem isn’t a lack of deficit spending/consumption: America’s problem isn’t a lack of free to me money. America’s problems are profoundly structural: a sclerotic, toxic political system of self-serving oligarchic elites propped up by a class of self-serving professional technocrats, and an insiders-take-most economy in which virtually all the income gains (and 85% of the wealth gains) flow to the very top and the 5% technocrat class that owns enough of the assets that have been inflated to bubble heights to enjoy the illusion of security and wealth.