Valorantt Valorant Player With Extra Info
so a recession in high unemployment is
actually going to make a bad inflation
problem worse and the markets just don’t
understand that that’s why the 30-year
bond is still yielding you know 3.6 3.7
percent people don’t realize that
inflation is more likely to be 10 or 15
percent or 20 percent for the next 30
Years the people who are buying these
U.S treasuries are gonna get wiped out
they’re not going to get even close to
compensated for their loss with a 3.7
percent yield you see there’s only two
things that could possibly happen to
Holders of U.S treasuries the government
defaults and doesn’t pay you or the
government wipes you out with inflation
and so the debt is repudiated through
inflation those are the only two uh
options option A is not very likely
because the government doesn’t have the
Integrity for an honest default so
they’re going to go with option b
they’re going to repudiate their
obligations through inflation and the
when the markets figure this out the the
bonds are going to get killed so before
I go and grab your questions is it
possible that this is a head fake could
the FED come out tomorrow and throw cold
water on the idea that they’re thinking
about not hiking or that the next hike
is the last hike they yeah they could
they can try that they can say no we
don’t care if we have a Lehman Brothers
bankrupt we don’t care how many banks go
under we don’t care if we go to
depression as long as inflation is still
above two percent we’re going to keep on
fighting it yeah they can do that you
know now will they do it when push comes
to shove no they of course they won’t do
it but you know they want to keep on
talking about it right I mean they want
to keep talking about you know uh the
house they have in the Hamptons and name
their ponies and while they’re driving
there you know if you don’t get the
Seinfeld reference yeah they they can
take it to its extreme and just pretend
that you know they’re they’re going and
they got that house but I don’t think so
I think once the markets really start to
lead the FED in a particular direction
I think that’s where the FED is going to
go I mean I think the FED likes to
follow the markets the elections are
coming up the midterms are coming up in
November uh we’re getting close to
November so they don’t want the market
imploding I I I I I don’t think the FED
is going to try to walk this back I
think the FED might be happy that this
is happening in fact I pointed out on my
podcast several fomc members
started to backtrack they started saying
maybe we’ve gone a little bit too fast a
little bit too far of course they
haven’t gone far enough they were too
slow that’s the problem and remember the
problem isn’t the rate hikes that’s not
the problem the problem is all the rate
Cuts in the past and not just since
covet all the way back to 2002 the FED
has maintained this policy of
artificially low interest rates for 20
years that is the problem raising
interest rates now just exposes the
problem
and now that the problem is being
exposed people want to shove it back
under the rug well it’s not going to
work so my my point of this is forget
about it even if the markets go against
us again who cares right you you got to
understand the big picture here and
where we’re headed and as far as I’m
concerned people should be all in on
this trade on this anti-dollar despite
this head fake rally you’re betting on
inflation you’re betting against the
Federal Reserve you know they always say
don’t fight the fed well I’m not
actually fighting the FED I am betting
that the Federal Reserve continues to
make mistakes in the future the way it’s
made them in the past and that it will
continue to take the expedient way out
and do whatever it can to postpone a
crisis and and therefore it is going to
you know do what it did after covet it’s
going to do what it did after the 2008
financial crisis even though this money
is this one is much worse so you just
got to go all in on this trade and get
into real and inflation Hedges get into
these foreign stocks get into the mining
stocks get into precious metals get out
of the dollar out of U.S bonds and tune
out a lot of these this noise and don’t
wait until you get an engraved
invitation for the vet you can’t be one
of those guys well I’m going to sit back
and I’m going to wait until the FED
tells me exactly that I can’t lose yes
I’m going to wait for the FED to cut
rates and launch qe5 and then then I’m
gonna sell my dollars then I’m gonna buy
some gold yeah you and everybody else
see the thing is you’ve got to act
before the crowd you’ve got to have
enough sense to anticipate what other
people are going to do in the future and
then you do it now that’s how you make
money I am watching the price of gold
now live moving further above the 1700
level we’re at 1702 30 and silver is
inching up as well at 20.76 and if this
really is the beginning of the turn
we’re going to see some much bigger
updates is in gold and silver than what
we just saw because the 40 move is is
really nothing uh compared to where
we’re going because if people got this
now if they’re starting to figure it out
gold is going way up when they actually
figure it out it’s going much harder
later tonight I’m doing an interview on
CNBC Asia it’s been a long time since
I’ve been on any of these cnbcs I doubt
I’m gonna ever be on CNBC USA in fact I
don’t want to be on that network but the
Asia ones are you know they’re a little
bit different so I’m going to do that
one but I’m doing a Build-A-Bear debate
about gold and the the host sent me a
question well how high is the price of
gold going to go in the next year I said
I don’t know gold can go up 200 an ounce
you can go up two thousand dollars an
ounce it can go up a lot more than that
I don’t know for sure I just know there
is massive upside in the price of gold
because gold is priced for the FED
winning the inflation fight when gold
has to be repriced for the FED losing
the actual price of gold is many
multiples of its current value because
that has major implication when it’s
inflation forever we are living in an
environment where we will have
double-digit inflation every year in
perpetuity for as far as the eye can see
unless it turns into hyperinflation
which will be even worse so all right
here’s the first question thoughts on
gold vaulting services like Kinesis it
can be used to spend vaulted gold via
debit card and get physical I’m out of
I’m not a sponsor by the way yeah I know
quite a bit about Kinesis I have been
researching a lot of these companies
because you know my bank blew up and I’m
I’m not really talking about that yet
because I’m in the middle of litigation
still on that and so the lawyers say hey
don’t really talk about everything and
so a lot of people are probably curious
what’s going on there and believe me I
got a massive story to tell on what
happened there uh but right now I’m kind
of you know keeping it you know on the
down low uh while a lot of this legal
stuff and there’s probably going to be
more lawsuits that I’m going to file so
who knows I can be in litigation for
years uh with other lawsuits not not me
getting sued me suing right because all
the bad stuff was done to me I didn’t do
anything bad but I had a lot of bad
stuff done to me uh by by a lot of
people but so I’ve been looking at a lot
of companies to be honest that are in
fact from what I can tell they have so
far
the most robust platform I’ve looked at
uh relative to some of the other people
I’m talking to they’re kind of got a
head start on where they are but the
whole idea behind what Kinesis is doing
and what I was trying to do and what
several other companies were doing is
tokenizing goals I mean all these guys
that are in Bitcoin right they’re going
to get wiped out
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