Title: David Morgan: The Coming Great Depression Will Make the Last Look Like a Small Technical Correction Source:
[None] URL Source:https://www.youtube.com/watch?v=7AKbSX2cJfI Published:Aug 26, 2020 Author:Palisade Radio Post Date:2020-09-02 11:32:44 by BTP Holdings Keywords:None Views:411 Comments:2
To subscribe to our newsletter and get notified of new shows, please visit palisaderadio.com
Tom welcomes back David Morgan, who is always an enlightening guest when it comes to the precious metals sector and silver in particular.
David discusses the aviation problem of being "behind the power curve" (aka coffin corner), which occurs when an aircraft is doomed to stall, fall, and certainly crash. This is an excellent analogy for today's markets, and David says, "all of this money printing will only exacerbate the problem."
Holding stocks in a currency panic is preferable to being in cash. However, that will only reduce some of the effects of high inflation. Today, interest rates are supposed to factor in risk, but rates are no longer in line with reality.
He hazards a guess that Fed Chair Powell may be considering negative interest rates in an announcement coming this today.
There is a lot of money out there, and when it gets scared, most of that capital will be looking for a safe haven.
The recent large moves in silver price indicate the small size of the market and suggest that investors are waking up. Given inflation, the historic fifty dollar price level for silver is only psychological. Very little silver mining is occurring this year, but physical demand is up dramatically. Some industrial users are unable to acquire silver from the recycling side of the market.
David discusses how today humanity is in a state of disarray, and both the people and the system need redemption.
There will not be negative interest rates before the election.
Likely not going to happen.
My Mom told me that during the Great Depression in the 30s they all got coal in their stockings at Christmas time since the family had no money. And their father cobbled shoes himself to save money on shoe repairs. ;)