Greg Hunter of USAWatchdog.com gives his analysis on the week’s top stories in the Weekly News Wrap-Up.
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Inflation is officially nearly 3% right now. Alasdair MacLeod from GoldMoney says this high inflation is still an underestimate and real inflation is closer to 10%.
High inflation is causing a transfer of wealth and economic distortions. The Fed will have to raise interest rates eventually, he says.
MacLeod believes Trump is taking down the Deep State and seizing control of foreign policy.
Across the Atlantic, eight months are left till the UK leaves the European Union. MacLeod gives us an update regarding the political conflicts currently surrounding Brexit.
Lastly, MacLeod expresses concern for the EU as a whole. He says the EU is in a “state of decay.”
About the interviewer:
Journalist Elijah Johnson, Co-Host of SD Weekly Metals & Markets, vaulted onto the economic scene after launching his “Finance and Liberty” YouTube Channel, to which he’s been called “the 16 year-old smarter than Ben Bernanke”. As one of the youngest sound money advocates around, with a eye on the national debt, the US dollar, and the gold & silver markets, Elijah is on a mission to warn and educate his generation about the risks of the current financial system, and what people can do to protect themselves.
See Elijah’s interviews on the Silver Doctors YouTube Channel. Elijah’s Twitter is @finance_liberty.
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When rates start to go up, look out below. Mannarino explains, “You are going to have central banks do whatever they can to attempt to stop the bleeding. That means they are going to be the buyer of last resort. They will get in there and try to buy everything, and that will melt the currency. As rates spike, what will that do? You are going to see a lot of pressure on the stock market. The only reason why the stock market is where it is today is rates are low. You will get an opposite effect. So, you have massive sell-off potential here, and I mean massive in the bond market followed by a massive sell-off in the stock market.”
Mannarino expects war to come into play. Trader/analyst Gregory Mannarino predicts, “This is going to lead to another world war. . . . I have said this many times, and that is this has the potential to be Biblical. It will be a worldwide event or a correction to fair value is really what it is. We might be seeing the opening salvos already. Governments around the world are building up their militaries just like the U.S. . . . We are unfortunately going to clear this out and lose a large percent of the world population through this financial correction and war. We will rebuild, but the world will not be what we are seeing now.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Gregory Mannarino, founder of TradersChoice.net.
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What is going on with gold and silver? Cammarosano says they seem not to be able to break above their 200-day-moving-averages.
Trump’s policies may cause an economic boom, Cammarosano predicts. Will gold and silver rise when the economy is on the rise? Yes, he says, jewelry demand could keep gold and silver demand strong.
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Greg Hunter of USAWatchdog.com gives his analysis on the week’s top stories in the Weekly News Wrap-Up.
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Will Lehr of http://www.PerpetualAssets.com interviews Jim Willie of http://www.GoldenJackass.com ~ Click here for full interview: https://ift.tt/2tYinLG
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