John Rubino – Food Shortages, A Global Energy Crisis, And Persistently High Inflation Are Leading To A Period Of Greater Financial Instability
John Rubino, Founder of The Dollar Collapse website, joins us to discuss the myriad of challenges facing world economies, where everything from food shortages and a global energy crisis, to supply chain bottlenecks and excessive liquidity leading to persistently high inflation, is setting things up for a period of instability and potential recession.
This is wide ranging discussion touching upon fiscal and geopolitical missteps along with central banking policy errors, and how this is leading to time of economic weakness as it all gets sorted out. We discuss the weakening health of the consumer, and how that is likely to be driving factor and pain point in future corporate earnings reports. We wrap up with actions individual investors can take in a more defensive posture to weather the ongoing financial storms, including building up cash outside of banking system, buying gold, silver, and PM stocks as the markets continue correcting.
Global Macro Update With Ed D’Agostino and Peter Boockvar
Mauldin Economics – July 8, 2022
“In this episode of Global Macro Update, Ed D’Agostino and Peter Boockvar, chief investment officer and portfolio manager for Bleakley Advisory Group, discuss unique challenges in today’s inflationary environment. Peter discusses how many investors have never lived through an investing environment like today’s and why that matters… how what happens at the ECB affects the US Fed and vice versa… the unique challenges facing central banks in combating inflation… and more.”
Gravitas Plus: How Inflation Can Change Our World
World Is One News – Jul 3, 2022
“Inflation is more than a change in your purchasing power. Inflation can give rise to dictators. It can also force a country into irrelevance, like Venezuela. As our world battles record inflation, Palki Sharma brings you the 4 ‘P’s you need to watch out for.”
Why Protesters Are Poised To Topple Sri Lanka’s Government
Arshad R. Zargar – 07/11/2022
“A wave of national outrage over the cost of living in the impoverished country appeared set to toppled its leaders, and the largely peaceful sit-ins of both men’s opulent homes — and the protesters’ refusal to leave — was literal and symbolic representation of the defiance.”
“Massive demonstrations ramped up over the weekend in the South Asian island nation of 22 million people, which sits just off India’s southeast coast. Sri Lanka has been mired in an economic crisis for months, and feeling their plight was being not only unresolved, but unrecognized by their leaders, thousands of angry protesters swarmed the president’s official residence in Colombo on Saturday.”
The Unending Farce of US Sanctions against Russia
Joseph Solis-Mullen – Mises Wire – 07/07/2022
https://mises.org/wire/unending-farce-us-sanctions-against-russia
Having looked at a number of charts today, the next 3 months could be just ugly for a number of asset classes. It would be best to hold on to cash. The CPI report for June could be ugly and after that we should start to see better Y-O-Y numbers with a disinflation pattern starting to emerge.
Yes, it is going to be a very turbulent period, and while the year over year comparables for inflation pricing metrics may be near their peak levels, and start rolling over trending lower; it will still be from much higher levels. With prices so much higher than they were just 2 years ago, no 50 or 75 basis point rate hike from the Fed is going to fix that anytime soon, and even if we see the trend towards moderately lower CPI and PPI readings begin, now that commodities have been hit the last 2 months, this still leaves consumers under immense pressure and they’ll be unable to keep spending like they have been the last few years. The sugar high and any pent up demand has now fizzled out.
Many reports out for most of this year have been showing savings rates in US households have fallen, many homeowners have been making end’s means by accessing lines of credits on their homes to make up for income versus pricing shortfalls over the last 1-2 years, and we are a seeing a large spike upwards of 3x to 4x times in consumer credit rising as more households are staying afloat living off plastic.
With slowing economic growth, rising unemployment and increasing weekly jobless claims, stock markets in a legit and still unfolding bear market, the home market starting to finally roll over, and a dozen years of easy money liquidity drying up… things may get quite ugly indeed.
G. Edward Griffin – It’s Ludicrous the Fed is Fighting Inflation, When They Created the Monster: Jekyll Author
Stansberry Research – July 8, 2022
“The Federal Reserve is the cause of inflation,” and it’s ludicrous they are trying to stop it, claims G. Edward Griffin, author of The Creature from Jekyll Island and founder of the Red Pill University. “Money supply is based on tangible value,” which the U.S. dollar is lacking he tells our Daniela Cambone. “Gold and silver throughout history have been the backing of any good money supply, because they take human-effort to produce,” Griffin continues. “The middle-class is being squeezed out of existence,” he warns and says we are, “going back to kind’ve a medieval stage.” Griffin concludes by discussing why banks love having gold and silver stockpiled, “but they can never have enough of it to base a monetary system on it that is profitable to them.”
Audit The Fed and The Exchange Stabilization Fund. Build a new prison first.
Here’s some dark comedy:
“We agree on little, if anything. But she has done something very, very few people in history have done, which is put her country over party and politics to stand in defense of our Constitution,” film producer Jeffrey Katzenberg told The New York Times.”
The powers that be don’t think the people are stupid, they know they are. Katzenberg wouldn’t say something so asinine otherwise.
https://www.washingtontimes.com/news/2022/jul/9/top-democratic-donors-boost-liz-cheneys-campaign-p/
As you all see now..If the gdx ect…pop is imminent…I think here and now…never certain though…The dxy has responded as portended by the mature TD9 momentum move up…Gold is responding correctly up to that topping…so far
This article below confuses me regarding point #20….The author is saying that if inflation is easing then the interest hikes may ease?…He considers this gold bullish, fundamentally?
http://www.321gold.com/editorials/thomson_s/thomson_s_071222.html
If Ex gets around to this any clarity welcomed…glta
ok…I get it again…a weak economy means less or a stop to interest rate increases…So they let inflation run up in order to hope for economic improvement…duh…low iq regarding fundamentals…lmao
Dip Buyers Beware! Central Banks Are Losing Control
The Maverick of Wall Street – July 5, 2022
Market Recap:
0:00 Intro
0:30 Chaos At Airports
7:25 In Focus: Losing Control
25:25 Market Performance
26:46 Commodities
33:50 Options
39:40 Heat Map
46:45 Charts
58:05 Outlook
https://youtu.be/FUVxEHOZJLY