Updated outlooks for US Markets, GDX, and Bitcoin
Rick Ackerman joins me to share his outlook for the US markets, GDX, and Bitcoin.
Rick still does not buy into this market rebound calling it nothing more than a short squeeze. As for the gold stocks and Bitcoin he sees many reasons to be in both these sectors.
Click here to visit Rick’s site and follow along with his calls fro many markets.
Rick I respect your opinion but you gotta stop with this far fetched notion that you hope people have there shoebox of money because they may need to have to barter for gas, food, etc. I would think that senerio would be millions to one, most people won’t have that shoebox except the rich, but you will see millions of people who don’t will just take it from stores etc, that day ever comes there will be panic in streets and people will riot and take it from those that have it, when your starving and have no food watch out.
Paul:
I somewhat disagree with your thought about the shoebox money. Rick isn’t the first who for years have advocated a supply of cash to handle 6 months of existence, just in case one’s bank closed the doors. I’ve had 12 months set aside for years and just added $2400 more to the pile. I do agree that hungry mobs will be dangerous, but simply don’t see things getting that bad. With everyone armed, that could get bloody………. I could be wrong.
Different strokes, as they say. The byzantine network of clearing relationships that makes ATMs and credit cards work is as fragile as it is complex. I would say that its failure is not just possible, but highly likely. What would you use as money then? The fact that you get zero interest for keeping your money in the bank has reduced the opportunity cost of stuffing cash in your mattress zero. So why not?
Right on, Rick.
Different strokes to heart failure ? The mainstream populous with few minuscule exceptions have been lulled to sleep they could suffer utilities industry failure in the dead heat of summer as credit lines freeze distribution channels shut down as this epic financial collapse continues pulling down everything in its destructive path.
Whats completely misunderstood is the Western Imperialists Family Elite Banker trillionaires not only are they making more money than ever and the pollution that is destroying planet Earth is now completely under their control the inhabitants are no longer needed. Capitalism is dead. Trump pulled out of the Climate Accord and then we had the new green deal that failed and now it’s force majeure because these Elite Central planners own the entire planet whether the citizens want to believe it or not. It’s not important what people believe it’s taking place right under everyone’s noses. No one wants to believe the truth because it’s much easier and convenient to believe the lie. The monumental colossal debt that can never be repaid is right up there with the pollution The Central Elite trillionaire family planners are cutting the cord.
If you think CO2 is pollution or part of any problem at all, you’ve been had by the same bankers that you’ve just described. There are many things wrong with Trump but pulling out of the Climate Accord isn’t one of them. The green scam serves the ruling elite/central planners. If you don’t see that, you must be very new to truth-seeking.
I hope I’ve misunderstood you.
Matthew, I should have been more clear but there’s so much to cover it’s impossible to fill in all the blanks. We could have an all-day seminar regarding all these matters easily. You’re absolutely correct however I’m referring to all the pollution in our waterways, worldwide oceans and sewerage leading to mammals – wildlife being completely exterminated along with even the insects now.
Capitalism is destroying the world with all this expansion and China and many other nations are obliterating everything.
Example, here in southern California and this holds true for many places our oceans are polluted beyond what is acceptable now. The entire planet has a problem with waste and what to do with it and there’s a lot of recycling but it’s still catastrophic. This is just a quick briefing on the matter. All my commentary on this thread holds true and these Elite Central planner trillionaire families believe they own the entire planet and realistically they do because they have all the wealth. Anyone that has any education economics knows that the ones who control the money creation, food and the media can dictate any terms they want to the populace or citizens.
Cronyism is destroying the world and there is no capitalism* in that. Cronyism is made possible by government, not the free market.
If you think capitalism is the problem, you’ve been had by the central planners. Their propaganda is everywhere and has been for over a century. It absolutely dominates the media and education and Hollywood is it’s servant.
*Defenders of capitalism generally define it as a system based on individual rights, property rights and the rule of law, not the rule of man. (Everything “left” is based on the opposite so it’s ironic that the late Christopher Hitchens of all people recognized that the essence of tyranny is not iron law but capricious law.)
https://mises.org/library/13-illustrations-benevolence-capitalism
Matthew, absolutely I’m in full agreement there however you want to name tag or label the system. Regardless, socialism marxism communism fascism has slowly crept into the system and now they’re ready to roll out everything they’ve been planning for a very long time.
Our opinions may differ however I think we can both agree that the monumental unsustainable debt is leading to an enslaved populous at some time in the future and it’s unfolding right under our noses from my observations.
Like many great students of economics this has exceeded my expectations as far as the time moving into an historic epic cataclysmic reset or crash. There’s no doubt in my mind we’re in the first phase.
I was not surprised at this event at all and been expecting this I was criticize harshly back in January regarding the covid-19 virus and I said that we were going to go into a epic economic collapse because hands down it is a false flag. They have to have something to point the finger at the Central Elite Imperialists Trillionaire planners can’t take responsibility because that makes their job much harder even though this has been planned all along. It’s all completely engineered.
Yes, we agree about the debt and I’ve been planning for this unavoidable day of reckoning for at least the last 15 years. The writing has been on the wall for a long time yet many gold investors grew very doubtful during the move down from 2011. Some even bought into the idea that the stock market would never crash again because the Fed won’t let it (lol!!!).
The roll out of phase two is going to light peoples hair on fire. Everyone keeps believing in the fables and genealogies but how is that worked out for everyone.
Let’s not forget about the free handouts they will continue to believe in the tooth fairy as they march into the death camps. I say this without any malice all these are real events.
The politicians and this is around the world they are just anxious to feed off of this new power of dictatorship and they don’t have a choice because they’re all bought and paid for by you-know-who. All you have to do is watch CNN Governor Cuomo who help create the crisis in 2009 and his brother his propaganda Chris it’s all an act Don Lemon is big entertainment people can’t see through these Nazis they’re all bought and paid for and they know it’s coming down along with Nancy pelosi they’re all in on it Trump is even sold out because he owes 300 billion to the Bank of China communism is everywhere. Trump is on the edge with this financial crisis and the Elite Central planners know this they can buy these people off easily. Trillions and trillions of dollars at their disposal they print the money they own the printing presses around the world.
Watch Governor Newsom of California he’s in on it he’s exuberantly happy about all the deaths and they don’t want open up the economy along with New York they’re all in on it not all the states but this is going to be a civil war.
Watch at the 17-minute mark great big smiles he was all happy about all the deaths. Newsom is a left-wing leaders dream bought and paid for its just like I mentioned above on this thread.
How the masses continue to trust politicians is beyond me. These are the people that demonized DDT (causing millions of deaths) but protect Monsanto (ultimately probably also causing millions of deaths).
Matthew, it’s remarkable no doubt about it. Everyone I know still believes 911 was a terrorist attack. It was an engineered event. That was the most significant event to start this ball rolling down hill with our liberties. There is so many moving parts to this it’s hard to keep track of it all I was just thinking about it when I was out how (by the way I was not wearing a muzzle either) we are always fighting this invisible enemy the boogie man. Now it’s the covid-19 virus before it was the terrorists we didn’t know where they were. Sodom Hussein had weapons of mass destruction that all proved completely false.
We’ll, let’s be realistic they own the media everyone believes the false narrative that’s propagated out there. Don Lemon must be the most obvious of predators that I’ve ever seen. Governor Cuomo and Chris seem very sincere but they’re far from it. New York is highly under the jurisdiction and control of the mob they are part of this Nazi agenda if you want to call it that. The Wall Street boys peddling there paper pyramid Ponzi schemes. Then we have Governor Newsom on the other side of the coast working the agenda to satisfy their Draconian dictatorship Masters – The Western Imperialist Elite Banker trillionaires. Then we have everyone in between that’s serving this communist Marxist fascism Nazi take over. I did forget about Trudeau in Canada who is a complete sell out to this whole agenda who’s in bed with China someone would have to be unconscious not to figure that out.
We’re no longer in the conspiracy stage. These are all facts it’s no longer conspiracy.
I would probably estimate and I don’t believe this is a speculation that more than half of the politicians and our leaders and this is around the world are sold out to this Marxist communist Nazi takeover agenda whatever name label someone wants to put on it.
The orders are being laid out because all these people understand that they don’t stand a chance against this tyranny and they don’t really have a choice. These are very powerful people at the top and they have holding companies many other entities to disguise all their wealth these are powerful families trillionaires mega mega trillionaires and that’s why you hear about all these billionaires in America they don’t want to be in the spotlight at all. That would completely blow their agenda and cover. Even the celebrities are under control of this Draconian takeover they are given a full schedule to appear on talk shows to promote the films etc. etc. and music albums that they are all slaves to this system.
Phase two is the clash of all these dignitaries and leaders because there’s going to be a disagreement and that’s when we’re going to see some fireworks. Anyone that lives in a big city or even close to it is in a very perilous position right now.
We will know that the end is near when these left-wing States especially New York and California refuse to open and then we got a tax collection problem because America is just literally being gutted the 2008 crisis was already bad enough this is THE FINAL NAIL IN THE COFFIN. The rest of the world has no sweet spots because these other nations are just anxious to take full power and control of their people.
There’s no way to know how all these events unfold we could have anything come out of left field and change everything. We could going to a complete death spiral anytime so it’s coming like a loaded freight train coming down the tracks 50 feet away.
I plan on getting out of the way. When the world is snoozing away more old yeller is being road mapped.
I do hope these comments comply with the terms and use. Please have mercy !!!
I’ll let everyone decide and use their own discernment and judgment. The success of our military was based on our economic strength. Not all is lost just yet but if this nation doesn’t get it together quickly and this economy is held back by these left-wing States ….
The last thing anyone’s going to worry about is the economy. I’ll just leave it there.
Great comments………from both of you guys…………
If you trade Liberty (AU), for Interim Security in DYX terms you deserve neither.
Northern Shield announced new discovery. Eric Coffin has been following this one and has been bringing them to MIF. Still early but might be worth looking at.
OFF TOPIC:
Why is the US governed by morons ?
https://audioboom.com/posts/7569205-science-closed-nyc-and-science-opens-it-up-again-swatlas-hooverinst
Trump needs to correct his mistake of handing control to state governors.
OFF TOPIC:
FACTS:1 vs. Bill Gates: 0
off topic:
CHINA: 1 vs U.S. : 0
off topic:
And Americans wanted a nationalized healthcare system ?
Americans donโt want to bail-out banks and corporations for past mismanagement and fraud. We canโt get to healthcare until we solve sentence #1 and determine why it is an issue.
Meanwhile the $600 extra above unemployment benefits, destroy the economy. during the next 6 months. Pelosi’s power desires will destroy the U.S.
Politicians do not understand the destruction by debt.
https://audioboom.com/posts/7569021-governments-cannot-pick-winners-by-printing-stimulus-money-johntamny-realclearmarkets
Gone heavily overweight Tesla on the basis the millions of newly unemployed will be looked to upgrade their vehicles and show their green credentials by letting them stand idle on the driveway
“It is I, Leclerc” for anyone who liked Allo Allo
OOTP?
Not Jerry. Al blocked Jerry.
Anyone heard from Excelsior?
He’s probably at work. I bet he’ll show up tonight.
Hell Man , I am Retired……Work, what is that….. ๐
Oh, that was for Ex….sorry
coulda meant “out on the porch”
Yes, with a rocking chair, glaring into space……… ๐
OWL………de blocked ME………..THe EAGLE HAS LANDED…….. ๐
Owl……is now in control of his senses………With the HELP FROM ALL MY FRIENDS…..THANK YOU………..APPRECIATE ALL YOUR COMMENTS….
Let us all continue in OUR MISSION………in helping each and everyone in the KER FAMILY…
Think Al would reconsider….;)
Most of all………Thank OWL…..for providing a platform for all to share in this time of confusion………We will all need each other going forward, …..THE BASTARDS shall not will this FIGHT……
will to win….dang computer….
Welcome back, Jerry
Once in a decade…….. ๐
Thank you Matthew……….appreciate ….
Just don’t let it happen again ๐คฆโโ๏ธ๐
Well, …..that may be hard to do… ๐
๐ฎ
I’m glad your back Jerry….keep the comments going….one can hope others will think outside the box๐
Thank you Whit…………Now that is what I need, More Whit, as Ebo would say… ๐
You’re welcome Jerry…..the KER family has helped me grow my whits…from just a half whit as my welding shop teacher would call me๐
Big shout out to EX…….for the Great editorial………a couple of days ago….Friend in need and a friend indeed……..As well as IRISH TONY….. ๐
All you guys deserve a great applause………YOU ARE ALL GREAT GUYS….appreciate the support…..OOTB….
Rick being a Bitcoin hater…BTC outperforming all indexes for 10 years. BTC is the World’s savings account not controlled by a CEO, bank, or government. Not inflatable is a big plus as well.
Bitcoin hater? Did you listen to my interview?
I suspect the reason gold(futures) are hanging tough is because the usual suspects are still scared to start shorting them the way they used to.