2 members / 255 guests (24 hours)

An Interesting IDB update! And how IDB got even faster.  IDB is fast, reliable, and FREE to use. Just join and start posting!

Precious Metals-Dirt Cheap Insurance, In An Increasingly, Explosively PIMBEEB World

Precious Metals-Dirt Cheap Insurance, In An Increasingly, Explosively PIMBEEB World

milesfranklin.com / by Andrew HoffmanJun 5, 2017

With each passing day, I don’t just think, but know the world cannot, and will not, survive the collapse of history’s largest, most destructive fiat Ponzi scheme without “thousand-year-flood”-like changes in the global political, economic, social, monetary; and likely, military landscape.

These changes have unquestionably begun in “second” and “third world” nations with undversified economies, unstable political regimes; and of course, fiat currencies that can’t be abused – like the dollar, Euro, Yen, and Yuan – without catalyzing immediate hyperinflation.  And yet, anyone living in “first world” nations knows full well that “it” has started; particularly economically, where the average Joe and Jane have never struggled more, with less opportunity and financially resources.  But also politically, where America is rapidly descending down the Banana Republic hole; socially, given the ever-widening divide between socialist-leaning “liberals” and the majority of the population, who did not vote for Hillary Clinton.  Not to mention militarily, given America’s increasing penchant, no matter who’s the “Commander in Chief,” to bomb first and ask questions later.  And of course monetarily, given the all-time high, parabolically rising cost of living – amidst the largest ever debt edifice; which thus far, has only been held up, in Jenga-like style, by Central banks forcing interest rates to their lowest levels ever, and historic, unprecedented market manipulation.  In turn, creating “dotcom valuations in a Great Depression Era”; the largest wealth disparity since Feudal times; and burgeoning social discontent that is just starting to manifest itself in political revolution.

For years, I have referred to the relentless “horrible headlines” signifying the rapidly accelerating rate of societal decline – in my view, principally due to abandonment of the gold standard 46 years ago.  Recently, I have “re-branded” horrible headlines as “PiMBEEB,” or Precious-Metal-Bullish, Everything-else-bearish.”  And very recently, PiMaBBEEB” – or Precious-Metal-and-Bitcoin bullish, everything-else-bearish.”  However, for the sake of this article; particularly given Precious Metals’ all-time low inflation-adjusted valuations – care of a Cartel on its last legs, as Economic Mother Natures’ immutable, undefeated armies swarm around it – we’ll stick to plain old PiMBEEB this morning.

READ MORE