Things About Gold and the Economy to Remember in 2024
Harry Dent Warns about the Stock Market:
Since 2009, this has been 100 percent artificial, unprecedented money printing and deficits: $27 trillion over 15 years, to be exact. This is off the charts, 100 percent artificial, which means we’re in a dangerous state.
I think 2024 is going to be the biggest single crash year we’ll see in our lifetime…. If I’m right, it is going to be the biggest crash of our lifetime, most of it happening in 2024. You’re going to see it start and be more obvious by May.
“Gold is “Practically a Steal” at these Prices!” – Jim Rickards:
When this panic hits and the dollar is deemed no longer reliable, the world will turn to gold…. Investors should consider today’s gold prices a gift to acquire gold at bargain prices before markets, and the mainstream media, wake up.
Even at $2,052, gold is so cheap right now, it’s practically a steal.
Ernest Hemingway – First Inflation, then War:
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
Back in August, Ron Paul Foresaw Presidential Politics at Work in Fed Policy. Right as Usual:
The Fed will likely pause its rate increase next year in the hope of boosting economic activity to help President Biden’s reelection campaign. Former President Trump gave Powell an additional incentive to keep rates low next year by promising not to re-appoint him if he returns to the Oval Office.
Jim Clark from Real Money for Free People – The American Gold Story:
The founders created the conditions for an explosion of human prosperity. Our governing classes and monetary authorities are their opposites. They have created the conditions for an explosion of impoverishment. They are the big spenders and reckless borrowers of both parties. They are the grand councilors and academic advisors of the almighty State. They and their statist epigone and media servitors are the inevitable offspring of connivers like Franklin Roosevelt and Richard Nixon, who stole the people’s gold and betrayed the nation’s good-as-gold dollar. They are a generation of trousered apes who do not know the difference between ditchwater and champagne, and of like-minded Fed officials who conflate empty paper promises with the real, enduring monetary wealth of the ages, who trade the real money of free people for a mess of monetary pottage.
By their own logic, there is no turning back. They must now continue to print money until the system crashes. It is the endgame of their folly.
Up, Up, and Away! From David Stockman, a Chart that Shows US Debt from 1966 to Now:
First They Destroy the Money! Ayn Rand Calls Out the Destroyers:
Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the basis of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account that is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: “Account Overdrawn.”