Thank you, Jerry, Sun, Roy, and Chris for your time. Majoring in economics was a big help in my career albeit it was for me to sort out the wheat from the chaff. At the close yesterday I was down $18 grand, today up close to $50 grand and climbing. Days like today I don't mind working in retirement.
That said, I can't own enough gold!
Today, the market is rallying hard on the Jackson Hole, WY pronouncements from FED CHAIR, Jerome Powell. My take is the same, inflation will skyrocket. These hucksters have no clue.
It's all politics.
Jerome Powell, did NOT, address the printing of Trillions of dollars which caused all of this inflation starting during the COVID-19 fraud. Plain and simple, the pandemic was a controlled clinical trial in social engineering and a get-rich scheme for the Government to pay kickbacks to Big Pharma. He did not address handing $10 TRILLION to his cronies and friends. Epic gaslighting. Don't believe me? Just wait.
The housing market, and borrowing costs for the average American are irrelevant. Dropping interest rates is NOT going to bring down housing prices. Supply has a place and this misfit who is running for President knows zero about economics and managing anything least of all a border where she allowed 10,000,000 criminals into this great country and you are paying for them. Had enough yet? Keep voting Democrat.
Jerome Powell, did NOT, address the printing of Trillions of dollars which caused all of this inflation starting during the COVID-19 fraud. Plain and simple, the pandemic was a controlled clinical trial in social engineering and a get-rich scheme for the Government to pay kickbacks to Big Pharma. He did not address handing $10 TRILLION to his cronies and friends. Epic gaslighting. Don't believe me? Just wait.
The housing market, and borrowing costs for the average American are irrelevant. Dropping interest rates is NOT going to bring down housing prices. Supply has a place and this misfit who is running for President knows zero about economics and managing anything least of all a border where she allowed 10,000,000 criminals into this great country and you are paying for them. Had enough yet? Keep voting Democrat.
Lower rates have everything to do with issuing new debt at lower rates to fund trillions in proposed spending. This funding will include more war spending, backstopping toxic balance sheets in the banks, and rescuing trillions in commercial real estate.
All of this will be inflationary. Gold will go much higher as a store of value.
You knew they would find a perfect time to cut rates before the election. The day after the DNC they crow like roosters about how things have changed according to their data. Data, you ask?
When we thought the economy added a million more jobs in the last year, was that "data-driven"? How about today when we know it wasn't data-driven; job creation was cut by 818,000 jobs. Data you say? Your government data is dirty and make-believe. Fairy dust data. If the Government BLS were a private company and lied to such a degree about job numbers in that order of magnitude it would be called fraud and they would face prison time.
The Fed is not data-driven, and neither are the markets.
Precious metals, oil stocks, and bonds are your best bets. I follow Warren Buffett, via Berkshire Hathaway Class B shares. He is adding cash and bonds and lowering his allocation to equities.
Remember I said this. A 2% inflation rate is fundamentally a scam on America. It's theft. Since January of 2022 the GDP, (gross domestic product for those of you in Mandaree) has grown by more than $5 Trillion while the debt has grown by almost $6 Trillion and during that time the interest on the Debt of the United States has risen from $423 billion to over $1 Trillion.
All of this will be inflationary. Gold will go much higher as a store of value.
You knew they would find a perfect time to cut rates before the election. The day after the DNC they crow like roosters about how things have changed according to their data. Data, you ask?
When we thought the economy added a million more jobs in the last year, was that "data-driven"? How about today when we know it wasn't data-driven; job creation was cut by 818,000 jobs. Data you say? Your government data is dirty and make-believe. Fairy dust data. If the Government BLS were a private company and lied to such a degree about job numbers in that order of magnitude it would be called fraud and they would face prison time.
The Fed is not data-driven, and neither are the markets.
Precious metals, oil stocks, and bonds are your best bets. I follow Warren Buffett, via Berkshire Hathaway Class B shares. He is adding cash and bonds and lowering his allocation to equities.
Remember I said this. A 2% inflation rate is fundamentally a scam on America. It's theft. Since January of 2022 the GDP, (gross domestic product for those of you in Mandaree) has grown by more than $5 Trillion while the debt has grown by almost $6 Trillion and during that time the interest on the Debt of the United States has risen from $423 billion to over $1 Trillion.
Today gold closing in on an all-time high, stocks are at all-time highs, and housing is at all-time highs. Food, healthcare, and education are at all-time highs.
Dropping inflation to 2% still has you paying 22% more on top of the 20% inflation you are paying now.
If you like your $16 cheeseburger you can keep your $20 cheeseburger!
Trump is the lesser evil. I will vote Trump.
Great to know you
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