Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on the economic predictions of money manager Michael Pento. (See the Stocks and Bonds section, near the top of this column.)
Precious Metals:
First, at Seeking Alpha: Germans Have Quietly Become The World’s Biggest Buyers Of Gold
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Clive Maund: Silver Market Update
Stocks and Bonds (Michael Pento):
Next, here is a Greg Hunter video interview that is well worth watching: Michael Pento – Crazy Stock Market Will Crash. Pento is predicting a crash in 2018 because of the Central Banks will become net sellers of bonds and stocks. He foresees “an epic moment of reckoning” as bond prices collapse. Interest rates will surely jump. Insolvency will become rampant. Be ready for that, folks. Get out of any non-fixed rate debt (such as credit card debt or variable interest rate home loans), soon! It is also important to hedge into tangibles to be ready for mass inflation. He also expresses concern that the North Korean crisis could lead to another World War. Pento predicts a massive bull market in precious metals and a global currency reset. Like me, Pento, expects that the Fed will try to inflate their way out of this problem, with “helicopter money.”
Continue reading“Economics & Investing For Preppers”