Hocus – Pocus Scheme To Cause Dramatic Gold Surge

“The scholar does not consider gold and jade to be precious treasures, but loyalty and good faith.” – Confucius

This article will discuss gold’s growing importance as the principal protector of wealth and also that the coming price evolution of gold will be dazzling as it reaches heights that no one can imagine.

But first, let us observe Confucius’ words at the beginning of the article. There are many real values that are much more precious than wealth or gold. Loyalty and good faith are clearly two of them. Also as I have many times stated, some of the best things in life are free, like family, close friends, nature, music, books, and many more….

But with the risks and problems that are now facing the world, it is also our responsibility to protect our family and assist our friends in whatever way we can.

SYSTEMIC & CURRENCY RISK

There are two principal risks that need our attention:

  • Systemic Risk and Currency Risk

These two risks are totally interrelated.

The systemic risk arises as a result of a 100+ year period (since the Fed was created in 1913) of deficit spending and debt explosion.

And since Nixon closed the gold window in 1971, things have got a lot worse. Debts and deficits have gone exponential and the fake GDP expansion could only be achieved with the creation of fake money fabricated by central and commercial banks.

All this money was created out of thin air. No one needed to work one hour for it and nobody needed to produce any goods or services against it. And today not even a printing press is needed. All that is required is pushing a button on a computer and trillions of dollars, euros etc just appear out of nothing.

HOCUS – POCUS

This is the biggest Hocus-Pocus scheme ever produced in history.

To further deceive the people, the so called experts have come up with the name MMT (Modern Monetary Theory).

When you need to deceive the people, you invent expressions which sound very fancy and creative like MMT or QE (Quantitative Easing). Both these two expressions mean forging money but that would clearly be too obvious. Much better to hide behind fancy words or a theory which no one understands, not even the inventors.

Is it possible that credit growth could be healthy for the economy?

Yes at certain times but not if you constantly need $3-5 of credit to create $1 of GDP.
And certainly not if you grow debt 31X and tax revenue only 6X which has been the case since Reagan became President in 1981.

And most definitively not if the Federal debt can only be financed at zero or negative interest rates. In the long term, Investments must always equal Savings. But that fundamental law of nature and economics has been set aside by the MMT Wizards.

Remember that the Piper will always get his pay.

But the risk that the cost will be the survival of the whole financial system. MMT or money printing lasts until the world wakes up to the fact that there was no substance and no value in the money that inflated all the bubble assets of stocks, bonds property, etc.

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