David Stockman says gold is the ultimate safe haven

David Stockman, who served as Ronald Reagan’s Price range Director 1980-1984, on this 23- minute video factors out why the financial system and shares are headed for main downturns.

Different nuggets gleaned from  this video:

** Pleasure Rides by no means finish nicely;

** World equities markets have topped $100 trillion;

** Earnings collapsed 30% in 2020, but shares rose 25%;

** Capital is flowing to massively over-valued corporations;

** Governments are completely uncontrolled relating to cash printing;

** Stockman explains the significance of brief sellers in dampening declines however says brief sellers have been destroyed;

** Federal Reserve is increasing its stability sheet on the price of $120 billion a month;

** European Central Financial institution introduced it intends on shopping for $200 billion a month;

** Stability sheet of the Fed was solely $500 billion in 2000, now it’s $7.2 trillion;

** Whole world debt of $270 to $280 trillion {dollars};

** Gold is the one protected haven, an alternative choice to central financial institution printing press cash;

** Steer clear of shares and bonds, and accumulate gold;

** Solely $10 trillion to $12 trillion of gold out there to be purchased, but whole world property exceed $400 trillion;

VIEW VIDEO HERE: 23-minutes

Stockman’sContraCorner subscription information


Leave a Reply

GIPHY App Key not set. Please check settings