Policy-makers have gone mad and the general public doesn’t quite understand how dire the situation is. Everyone’s bullish on the U.S. economy; can you find anyone that isn’t saying that “things are looking good, overall,” or that doesn’t have his money tied to deflationary assets?
150 years ago, John D. Rockefeller founded Standard Oil, which became so dominant that at one point it controlled 90% of all U.S. oil production. That’s quite honestly, the largest legal monopoly of all time.
What gold has done since 1971 has been incredible. Back then, had you bought one Eagle coin, you’d part with $35. Today, a bullion dealer would pay you close to $1,550 for that same coin.
Firstly, the numbers out of China make no sense, compared with the footage we’re getting – there is some speculation that they’re keeping secret how bad it really is. Many peoples instinct is to ISOLATE yourself, your family, your career and your portfolio from what’s going on in Asia right now.
It seems that Trump is going to get his way. Global economic activity is slowing down, with the IMF downgrading its growth forecast for yet another calendar year.