Don't lose confidence because everything that's been happening these
last several years.
This is exactly what we've been predicting would happen.
It's exactly what so many people that mainstream said would never
happen the time to buy is now before that happens before everybody
figures this out and starts rushing in to buy gold and silver.
So I want to address some of the frustration that I know a lot of
shift.
Gold customers have been feeling with regard to the gold and silver.
The price of gold is around 1850 dollars an ounce.
The price is silver is around $22 per ounce and I know many of us.
Myself included had expected those prices to be much higher by now,
especially given what's happening with inflation.
After all, inflation is all, anybody is talking about.
It is now, the biggest problem confronting the nation.
You can't turn on the news without hearing a story about inflation.
All of the companies that are coming out with bad earnings.
They're not really blaming it on covid or Putin.
They're blaming it on inflation.
Now, of course, our leaders in government and the FED will sure, they
want to blame the inflation on Putin or covid.
But the reality is
As inflation is here.
It is a major problem.
And that's exactly what many of us who have been buying precious
metals were expecting all along and was very frustrating is now that
we've been proven, right?
We bet on inflation, we bet on inflation by buying gold and silver.
We BET.
Right?
All the people that said there was no inflation to worry about they
were wrong yet.
It's very frustrating that even though we were right, we're not
getting
Warranted for being, right in the price of our gold and silver that
should be much higher.
Well, first of all, let me start out by saying inflation isn't new.
Just because a lot of people are finally talking about inflation.
That doesn't mean that inflation is suddenly appeared and it was
missing in action.
All this time.
Inflation has been with us for over a decade.
I mean, it's been with us for many decades, but in particular,
starting with the
The 2008 financial crisis when the Federal Reserve responded to that
crisis with quantitative easing, that was inflation.
So we've been experiencing inflation under the guise of quantitative
easing because quantitative easing is simply a euphemism for
inflation.
The government didn't want to admit that its policy response to the
Great Recession was to create inflation.
So it named inflation.
Annotate of easing, which sounded like it was a good thing or a smart
thing.
It was way too.
Dress up a really bad thing.
Now what happened early on with inflation?
And the reason that nobody really cared about it was the way the
inflation, entered our economy and the financial system.
The greatest impact was on financial assets.
Stock prices went up bond prices, went up real estate prices.
Went up a lot of asset prices went up.
And when that happened, a lot of Americans who own those assets, felt
Richer.
And therefore they weren't upset that the cost of living was also
going up because their wealth was going up a lot faster at least on
paper.
But also the government was lying to the public about how much the
cost of living was going up because it was reporting the increase
through the CPI.
And the way the CPI has been engineered it, really disguises.
A lot of the price increases and so the public didn't realize
How much crisis were Rising?
I mean, they probably felt it but they didn't see any official
confirmation and certainly investors didn't get that confirmation.
They were looking at the CPI and they assumed that inflation was under
control.
When beneath the surface, it was actually breaking out.
Now, what happened with covid-19 kick the inflation into a whole new
gear because the policy response to covid was to create even more.
Asian after covid, then had been created before.
Qe4 was actually bigger than one two, and three combined, which is
something I was warning for years.
I was telling people that when the FED did do qe4 that it would be
bigger than the first three combined and it was.
And in fact, when they do qe5, which they are going to do, it will be
bigger than the first 4q, he's combined.
But what happened with covid, we sent
Nation into a whole new gear.
Because while we cranked up the printing presses, like never before,
we basically ordered people to stop working.
We told people to go home and not produce goods and services, but just
cash government checks.
We wanted to replace the lost in comes with a printing press.
So people weren't earning money anymore.
But the Federal Reserve was printing money.
So that people can buy things that they were no longer producing soon
after all the times.
It feels like the price of everything.
Is going up going way up except gold and silver which doesn't make
sense because gold and silver should be particularly sensitive, not
only to today's inflation, but to tomorrow's inflation because gold is
here forever.
And so what gold can do is take all of the future expectations of
inflation and represent them today into today's price of gold.
Gold can discount all that future inflation.
And that is the
Problem.
Because even though we have a lot of inflation today, investors still
think we won't have inflation tomorrow.
They continue to print money.
They continue to hold interest rates at zero until into 2022 and then
they finally started inching up, interest rates.
Although they're talking about raising them some more.
They still haven't shrunk to balance sheet.
They're talking about starting that in June, but they really haven't
done it yet.
So the inflation fire.
Fire continues to get hotter and hotter while they're pretending,
they're going to put it out.
But if you look at the feds, hawkish talk, and again, nothing is
hawkish.
It's maybe less dovish, but if you look at what pal is saying, all of
the feds willingness to do what it takes to fight inflation.
It's all predicated.
In fact, conditioned on how strong, the US economy is because pal is
out there saying that we will fight inflation.
Should because the US economy is strong enough to withstand it so it's
not going to be like 1980 when Paul volcker push the economy into
recession by raising interest rates.
This economy is so strong.
This labor market is so hot that we could raise interest rates and
fight inflation.
And it's not going to hurt the economy.
That is completely wrong.
In fact, we may already be in a recession just like we were in 2008
and the FED didn't know it.
We met
a already be in a recession in 2022 and the FED doesn't know it
because simply raising interest rates to 1% from zero may have been
enough to start the recession.
It certainly was enough to start a bear Market in stocks, particularly
in tech stocks and he's high growth stocks.
And in fact, what are the reasons that pal thinks the economy is so
strong is that he's looking at the low unemployment rate but
unemployment is a lagging indicator.
I think we are on the verge of
Major increase in the unemployment rate the opposite of what pal
expects.
And so I think that when the FED ultimately has to admit again that it
was wrong on the US economy and it overestimated the strength of the
economy just like it underestimated inflation.
The FED is going to lose its credibility because the FED is going to
turn its attention to Rising unemployment and a weakening economy and
stop focusing on inflation.
In fact, initially, what pal is going to claim?
Is that the unexpected weakness in the economy?
And the increase in unemployment, much of that is the result of
inflation.
If you look at all these companies, particularly retailers that are
missing their earnings.
Why are they missing their earnings?
Because their customers are too broke to buy their products.
They're spending too much money on food, on energy on rent, on
insurance.
They don't have anything left over to buy a lot of these.
And so companies are losing sales.
And the next thing they're going to be shedding workers.
And a lot of these tech companies that have been losing money.
They've been able to pay their workers because they were able to sell
stock to investors.
They can't do that anymore.
So now they can't afford to pay their workers and a lot of these
workers of cars were being paid with stock options, the stocks of
Crash.
So a lot of that wealth has gone.
In fact, a lot of people who got caught up in the crypto bubble.
A lot of their wealth is evaporating and a lot of those people are
going to be
Be unemployed.
So as the FED is proven wrong.
Once again, on its belief that we had this super strong economy, when
it ends up in recession or near recession, the feds going to claim
that the recession in and of itself is going to solve the inflation
problem.
The time to buy is now.
Before that happens before everybody figures this out and starts
rushing in to buy gold and silver.
You can buy now.
All while they're still giving these medals away because they still
don't believe inflation is a problem.
Well just like they thought it was transitory.
They're about to find out that his permanent that it's not going to go
away based on fed policy.
And in fact, even if you look at what pal is promising to do to fight
inflation, he's only talking about raising interest rates to maybe two
and a half, three percent inflation is 8%.
Even if you believe the government numbers, if you don't, if you use
real numbers, it's at least double that.
How can you fight?
Eight percent inflation.
Let alone 15 or 16 percent inflation.
In fact, I think pal believes that high.
Inflation is an acceptable trade-off to stimulate the economy.
I think he's only willing to fight inflation to the extent that he
believes, he can do it without hurting the economy.
But once he realizes, he can't he's going to give up the inflation
ghost.
And right, go right back.
Economic stimulus and the bottom is going to drop out of the dollar
and gold and silver are going to go through the roof.
But before that happens, make sure you're all in on this trade, don't
lose confidence because everything that's been happening.
These last several years.
This is exactly what we've been predicting would happen.
It's exactly what so many people that mainstream said would never
happen.
So, we've got this thing, right?
Just don't lose patience.
We're in the right trade.
We just have to ride it out.