Good news, that we shall be launched, at velocity to slingshot, and should we be agile enough, won't splat
Ready or not, and no opt-out
Ultra modern style, per MMT, and
only tight hold on the ancient metal talismanic metal might save us
so strange and in every sense, barbaric
ask-socrates.com
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QUESTION: Dear Mr. Armstrong,
I have been following your blog for years, but confess I am confused as to where we are with respect to the slingshot in the US share markets. Is this it now or is there a new low and dramatic rise likely still to come? Would you be so kind as to post an update for us small investors?
Thanks in advance,
BR
ANSWER: The slingshot will unfold as the public suddenly understands that governments are in trouble and that they have been lying about everything. They have been using this virus to oppress the people and they know that civil unrest is rising. They will certainly seek to retain power and we should expect to see them move toward outright tyranny.
The Goldbugs continue to cling to their antiquated theory that money has to be gold and anything else is fiat. They totally misunderstand history and disregard that what makes a country great is its people. They cannot explain how Japan, China, and Germany rose from the ashes of war without gold to become among the strongest economies. Russia has gold reserves far greater than China yet it cannot compete with China.
Throughout the centuries the coinage of the dominant economy has always been imitated proving that it is NOT the metal content that determines the value of the coinage, but the economic power. If it was just gold, then why imitate the coinage of another country and just issue your own gold coins? What we face is a major collapse in currency but it is the collapse of confidence that will bring this about - not fiat currency.
The slingshot will come after the US elections and it will start to unfold in 2021 as people begin to see that the governments are collapsing for all their socialistic promises have failed. This is why they are using this virus to try so desperately to take control of everything and everyone.
This has nothing to do with a reset of the currencies as if this were to restore Bretton Woods. They are all collapsing for they have underestimated how much damage they have caused to the economy and this idea that they can restart it as green without a problem will prove to be a complete disaster.
Therefore, capital will flee government paper at all levels and will most likely begin in Europe. Capital will flee to the USA at first and then it will turn against the US government as well. This will be the final surge into private assets.
Private Assets where money will flow is equities, precious metals, and selected real estate which varies according to security. |
