by Turd Ferguson, TF Metals Report:
Today is another market holiday in the U.S. As such, I’m taking the day off and savoring the 3-day weekend. Here’s something new from AGXIIK and Renozep to help you pass the time.
As usual, many thanks to the guys for providing these articles. Past contributions have been timely and thought-provoking and this latest article is no different.
TRUTH LIVES on at https://sgtreport.tv/
Normal TFMR service resumes on Tuesday and I may add some charts and thoughts to the comments section of this thread. In the meantime, though, just enjoy this new post and then take day off.
TF
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Are Powell and The Fed Politically Motivated or No?, by AGXIIK and Renozep
Brandon Smith, Peter Schiff and Tom Luongo are some of the smartest people in the room yet on exactly the opposite sides of this argument.
Will Powell help or hinder the Biden bid for the 2024 president?
These contradictory opinions are some of the stupid crap you and I have been dealing with and doing do for far too long. No wonder it’s hard for us to grok the simply and preposterously complex price of gold and silver.
Somebody is wrong in these articles yet I think all are correct to a certain degree but in my opinion it still spells out situations that are more than a little schizophrenic.
My record of 273 guesses on the price of silver over the last 14 years is perfect…perfectly wrong. I hope Michael Oliver is right on his guess that gold hits $8000 and silver $240. But he could be wrong.
Michael Oliver | King World News
I’m no fan of bankers, especially central bankers. But I am beginning to warm to the idea that Powell is not our enemy. He’s not a friend of the American people but he appears to take his pot shots and salvos at the globalist scum on the other side of the Atlantic. ‘The enemy of my enemy is my friend’ might apply in some small form and to our benefit.
A debate over who’s side Powell is on is raging all over the blogosphere. I think he might be on ‘our side’ to some small degree if for no other reason than that we might be a beneficiary of his actions despite the pain caused by Fed policies. The really big problem is the US Treasury, Sec Treas Half a Word and the FIAT-addicted DC spendaholics. They are true globalists and mean to have us by debt or by war.
Powell doesn’t want to see the destruction of the middle class. He would like to see America survive if no other reason than he’s committed to seeing that the UK, ECB, EU globalists and Davos is taken down; no longer a threat to us. That Euro-trash cabal wants to see us debt-soaked, demoralized, dying, dead or enslaved or, D- all of the above. The only way we can avoid this is by climbing out of this hole, rebuilding this country as we take on that job bit by bit and brick by brick.
This is my take on Luongo’s podcast Sunday Jan 7 2024.
The Communist takeover of America demands the destruction of the middle class.This is absolutely mandatory. They’re done a good job over the last 50 years, ably assisted by the prior half doze Fed presidents, the Secretaries of the Treasury and most banks in general. Luongo’s contention is we are not heroin addicts. That comparison doesn’t work.
We’re Type II diabetics needing massive doses of insulin which gives us the illusion of health when our bodies are wrecked by overwhelming doses of cheap monetary sugar, sick fatty livers hyper toxic subcutaneous fat and debilitated pancreases .
The middle class was basically destroyed by the last 55 years and 3 waves of inflation, asset destruction and re-inflation with zero and negative interest rates. A spoonful of sugar helps the medicine go down, or so we are told. The small drop in rates is still causing huge pain to the sugar addicts because it’s not enough. These sugar addicts must have their free money and NIRP rates back or they will suffer the agony of withdrawal.
Ask yourselves what food stuff is the cheapest and available on every grocery shelf? Sugar in it’s 50 iterations and its dopplegangers, cheap bread, carbs, Happy Meals and Dunkin’ Donuts. All the monetary fixes found in the banker’s shelves of financial goodies are just the same sticky sweet addictive currency sugar high.
The banks fed us cheap money for decades. We gorged on it, assuaging our former middle class lifestyles; trying to recreate the good old days.
Why is the national debt $34 trillion? Because we are totally and completely addicted to debt.
Why is the total global debt $330 trillion? Because the whole world is addicted to debt.
Debt made us feel rich and empowered, kings in our homes and businesses. Taking on risk and debt by the trillions to keep up with the Jones family was and is The American Way. Problem is, the Jones’s went broke in 2009 and all we’re doing is chasing them down the same rat hole of debt penury.
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