Taking Gold Candy From A Fiat Baby

Britain lost the Battle of Yorktown in 1781. After 80 years, there was the US civil war, in 1861. About 80 years later, on December 7, 1941, Japan attacked Pearl Harbour.  

Today, December 7, 2021, is another 80-year anniversary for America. Does more conflict lie ahead?  

Well, the US government and central bank still refuse to abandon their vile fiat money system and replace it with gold. So, rampant debt growth, corruption, and loss of citizen freedom continue. 

Socialism’s greatest pillar always has been, and always will be, fiat money.

(Click on image to enlarge)

long-term dollar versus gold chart

A move through $1923 would fully activate the bear flag pattern.  

That would usher in the next leg down for the nation’s fiat “poster boy”.It’s a morbid journey, with a destination that looks a lot like Hades.

Leveraged homeowners took a Corona-oriented hit, but a scenario of rising interest rates would be much worse.

On that note, please see below.

(Click on image to enlarge)

long-term T-bond chart

A huge top pattern is likely forming, but an inflation-related meltdown is likely still 4-5 years away.

 Leveraged homeowners and mortgage investors should be able to weather the early part of a rising rate storm, but what about the stock market?

(Click on image to enlarge)

The current bull market for US stocks began in 2009. The technical and fundamental drivers of the market are clearly deteriorating.

The Fed is potentially entering an inflation-oriented tightening cycle and the Dow is overbought. Note how far above the 60month moving average the Dow is, with the MACD indicator rolling over ominously.

It’s a classic three-stage bull run and in 2022… it’s probably done!

(Click on image to enlarge)

important Dow versus gold chart

I call this the “Time Chart”.Here’s why:

For the past fifty years, the Dow has remained below its 1971 highs for about 80% of the time. The only period when it rose above its 1971 highs versus gold, was during the silly speculative bubble in the 1990s!

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