Charles Hugh Smith – All Currencies Will See Catastrophic Drop

Financial writer Charles Hugh Smith sees one very big problem coming at us, and that is a dramatic loss in buying power of the U.S. dollar, but it’s not just the dollar. According to Smith, “All these currencies, there is nothing backing the currencies except the government’s force. That’s the yen, the euro, the dollar and the Chinese yuan. They are all going to have a catastrophic drop against real assets because they are all based on too much leverage, too much debt, too much money being pumped into the financial system that ends up in unproductive speculation. You can’t grow your debt at six times the rate of your economy. In other words, if you are creating $6, $8 or $10 of debt to eke out $1 of low productivity growth, you are dooming your currency, and all currencies are doing the same thing. All the currencies are going to take a big drop at some point . . . relative to real stuff. Real stuff is commodities we need: water, grains, food, oil, natural gas and, of course, precious metals. Everybody knows they have been money for 5,000 years, and I personally feel there is a role for crypto currencies.”

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Charles Hugh Smith, author of the new book “Money and Work Unchained” and the founder of the popular site OfTwoMinds.com.

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“Redo of the GREAT DEPRESSION, but this time, A LOT WORSE” – Senate Candidate

Libertarian Senate Candidate in California Derrick Michael Reid tells Silver Doctors “we’re looking at a redo of the Great Depression, but this time, a lot worse.”

Reid says the collapse will start in the bond market, then equity markets, then into economies. While the collapse is inevitable, he says it may not be imminent. The U.S. government is trying to keep the system afloat by manipulating the futures markets, but these efforts will only be efficacious for so long. “Their expert criminals,” he says. “They know what they’re doing.”

When the government deficit spends and inflates the currency, wealth is transferred from the private sector to the government and the financial elite. How can you preserve your wealth amid this confiscation? Reid says you must own physical assets.

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DISCLAIMER: The financial and political opinions expressed in this video are not necessarily of “Finance and Liberty” or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions.
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Why the Market Went Down Last Week | Andrew Zatlin

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Andrew Z believes that the economy, especially the job market, is looking highly favorable. As a result, wage inflation is happening and therefore the Fed is more likely to raise rates than to leave them unchanged. Spending is going up and so are real wages for the first time in decades. Therefore, the market was overtaken by fears of higher rates and less spending. However, these fears might have been overblown. In any event, it’s not over yet. Volatility is the byword.

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JPMorgan Has the Biggest Silver Position in Modern History | SD Weekly Metals & Markets

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JPMorgan has more silver than anyone else in recent history. Their COMEX position is more than 133 million ounces, says James Anderson of SDBullion.

In this week’s SD Metals & Markets with Elijah Johnson, Eric Dubin, and James Anderson:

Is JPMorgan giant silver position used for price manipulation?
If silver is being manipulated, and the manipulation gets exposed, then be ready for vertical moves in silver.
Why own precious metals?
Why is the U.S. dollar falling when interest rates are rising?
Idaho says investors don’t have to pay state capital gains tax on gold and silver.

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Hanging with Harley (02/16/2018)

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Rogue Mornings – Guest Ken Schortgen Jr. (02/16/18)

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