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Buy gold
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kekked
Buy Bitcoin; you can learn about it here
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Deflation is here in america, but ol pete is kinda betting that the fed will do more QE and NIRP. I personally think the FED at some point will stop the QE, seeing as the last pump has been incredibly ineffective and all evidence indicates it is actually harming the economy (main street completely disconnected from wall street gains). And before you say "Too big to fail!!!" this recent crisis has revealed just how little banks actually matter to most americans. We can survive with the financial sector in crumbles because it is already a massive joke, with or without billions of pump.
Powell is also giving a speech in a few days, and is expected to do one of two things: 1) affirm that the FED will never do negative interest rates or 2) state "temporary" negative interest rates in the future are a possibility.
If he says number 1, he is basically telling the economy deflation is inevitable and he wont try to do anything about it because the alternative (massive hyper inflation) is worse. If he says number 2, he is saying that FED will keep printing until the death of the dollar. There is just not a lot we know right now.
The FED knows that 15% unemployment + artifical inflation is a bad idea. This is worse than the stagflation scenario from the 70s... and the only thing that fixed that was a giant paul volker schlong (high interest rates), which more than half the FED remembers as it was a key part of their childhoods.
What if Bitcoin were minable & fee-less?
I did
I've made huge gains on physical gold and mining stocks. Glad I started buying several years ago. Schiff knows his shit.
fuck you im ballz deep in silver
Whats he drinking?