Midas Letter Live - Gold: Antidote for an Overstimulated Financial System

February 18, 2020

Article by James West in Midas Letter Live

The dizzying heights of the S&P 500 are mind-blowing to say the least. But can it continue?

Well, on one hand, the S&P 500’s valuation is directly correlated to mass production of money under the guise of “debt”.

This is not, in fact, debt as you and I know it, where somebody approves your creditworthiness based on your ability to pay. This is the proceeds of fraud against the American people and main street investors everywhere. Money from thin air, never to be repaid, lining the pockets of the banking and government elite, while Americans make do with far less

Many are calling for the end of the bull market in US stocks, now in its 11th straight year – a feat never before achieved. But since the fuel for the bull market – fake debt – is currently measured in mere trillions, there is no reason to assume the money printing machines will slow down before this debt is measured in quadrillions, or quintillions.

In other words, the fake debt scam perpetrated on all by central banks around the world for the exclusive benefit of the financial elite could even accelerate.

So is there a high probability of a market crash? No. There is ZERO probability of a market crash. Because the market is no longer even slightly correlated to macro economic events. It is only correlated to the volume of fake debt created through quantitative easing by the governments of the United States, Europe, and China.

Historically, when the collapse of a currency has happened, it has always coincided with the collapse of a national economy. Germany, Zimbabwe, Argentina, Italy, Peru…the list goes on. This time, it’s the globally connected, international single monetary system that is demonstrating pre-critical volatility.

The beneficiary of the stampede out of whatever currency is in distress has traditionally been gold, except in recent times, where the sublime fraud of the US dollar’s projection of a perceived value has caused it to appear as a “safe haven” for frightened investors.

But now, the accelerating hyperinflationary explosion of “debt” is happening in the world’s safe haven currency, and so looking around at the alternatives, gold once again appears to be the safest of safe haven assets.

Here is the interesting thing about the price of gold in the $1580 range; it’s an absolute steal.

While the raging bull of the world’s top performing indices will continue to break records on a weekly basis as long as the government fake debt money printing machines are running at full bore, the higher it goes, the more sever will be the correction when it finally arrives. Gold is insurance against total annihilation in the event of worst case scenario.

To read this article in Midas Letter Live in its entirety, click here.

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