We Are Heading for a Depression – Charles Nenner
By Greg Hunter’s USAWatchdog.com
Renowned geopolitical and financial cycle expert Charles Nenner told his clients back in January 2020, “It was time to sell . . . . I am afraid they can lose 40% to the downside.” Well, we are more than halfway there, and Nenner warns it’s going to go lower—much lower. Nenner says, “You know it was all over the media, and they were always laughing at me that my long term target is 5,000 for the DOW Jones. They ask me how are we going to get there, and I say I don’t know. Now, this thing with the virus, there is no business anymore because the United States has stopped flights with Europe. So, maybe we can see how we get there.”
I think people have finally stopped laughing about Nenner’s 5,000 DOW call.
Another way the markets can crash is a full blown banking crisis that is brewing in Europe. At the center is Deutsche Bank (DB), which the IMF called the “most systemically dangerous bank” in the world back in 2016. Nenner predicted on USAWatchdog.com that if DB stock crashed through a $6.44 price target, it could go to $0. DB closed Thursday at $5.53, down 15% in one day. Nenner says, “I have real estate I want to sell because in Amsterdam, it’s going through the roof. I decided not to do it because I don’t trust the banking system. For years, we have talked about Deutsche Bank, and I said if it goes below $6.50, it could go into bankruptcy. Now it’s $5.50. They are interconnected to most European banks. So, something is really cooking over there, and I don’t really trust the banks. That’s why I am not selling my real estate. . . . I don’t trust the banks anymore.”
So, Deutsche Bank is the canary in the coal mine? Nenner says, “Definitely. If DB goes, I don’t know what all the other banks are going to do. . . . It looks like DB can go to zero. . . . Next step is $3.90. If it goes to that, it’s finished.”
DB is just one big bank in deep financial trouble, and it’s much bigger than just DB. Nenner says, “Other banks are also down 20%. Italian banks are very important. What happened in Italy? They closed everything down. There is no fashion business anymore. There is no car business anymore. There is nothing going on. How do you think these banks are going to make it?”
Nenner says he is forecasting a banking crisis, and the tip of the iceberg is Deutsche Bank. Nenner says, “They are interconnected to all the other banks in Europe. I don’t know how the other banks can survive if this bank gets into trouble.”
Does it get worse before it gets better? Nenner says, “I think we are heading for a depression. Usually we go into a recession at a 6% GDP. Now, we have 1.5% to 2% GDP. Usually, the Fed Funds are 6%, 7% or 8%. Now, they are almost zero. What are they going to do when we get a recession? You get very fast a negative GDP. You get very fast a negative interest rate, and it’s a big mess. This has been going on for many, many nice years, and all the Fed Presidents had tricks and let it go. They did not want to have a depression in their lifetime like the 1930’s. So, they kept it going, and now there is no way out anymore.”
So, there is no avoiding a depression? Nenner says, “Yep, and it is going to be very bad.”
Nenner is also bullish on gold and silver because there is “no other place for investors to hide.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with renowned cycle expert Charles Nenner.
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About the Author
Greg Hunter
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.
Nenner is bullish on gold and silver because there is “no other place for investors to hide” … those who thought Bitcoin would be a store of value have seen their “money” cut in half in two days … https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/bfm72DE.jpg?itok=VuPaAcoz … Gold and silver are holding their own as a safe place to hide during this crash!!!
Hey Stan … seems like your safe haven Stock Market and Deutsche Bank were not very good places to hide!!
Nenner says: “Does it get worse before it gets better”? … the awful fact is … the world’s supply chains are broken as they were only as strong as their weakest links … a depression will follow that weeds out the weak links only then will a stronger economy follow … all fiat currencies are weak links and need to be replaced with “tier one” links … Central Banks are powerless against this Corona bug … the only way they will defeat it … is the banksters need to becoming Gold bugs!!
It must be bugging the banksters that a bug has inflicted so much pain on them … https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/teaser_desktop_2x/public/2020-03/lagarde%20teaser%20panic.jpg?h=ca09ee9b … wait until they have to deal with the gold bug pandemic!!
The S&P 500 at 2480 has broken long term support (as seen on the following chart) … http://www.321gold.com/editorials/captainewave/captainewave030920/s_and_p.png … and although we can get a rally back up to to the trend line at about 2600 … the fall to come after that will be absolutely monumental (perhaps down below 700)!!!
https://www.youtube.com/watch?v=IlIKHIuCi2U
Romanian/Romanul
Erdélyből/from Transylvania
The nations are praising the Lord. Everywhere offering praises to our God. Blessed be the Name of Jesus.
Paul: Equities soared today while Gold crashed. This trend will continue – you have been warned.
Open the eyes of your heart.
https://www.youtube.com/watch?v=wPTMA7HIIyk
Ephesians 1:17-19 New King James Version (NKJV)
17 that the God of our Lord Jesus Christ, the Father of glory, may give to you the spirit of wisdom and revelation in the knowledge of Him, 18 the eyes of your understanding being enlightened; that you may know what is the hope of His calling, what are the riches of the glory of His inheritance in the saints, 19 and what is the exceeding greatness of His power toward us who believe, according to the working of His mighty power
Luke 21:34-36
The Importance of Watching
34 “But take heed to yourselves, lest your hearts be weighed down with carousing, drunkenness, and cares of this life, and that Day come on you unexpectedly. 35 For it will come as a snare on all those who dwell on the face of the whole earth. 36 Watch therefore, and pray always that you may be counted worthy to escape all these things that will come to pass, and to stand before the Son of Man.”
Carousing, drunkenness, cares of this life. Look to Jesus Christ of Nazareth. Pray always.
https://www.azfamily.com/news/despite-coronavirus-concerns-it-s-business-as-usual-at-old/article_3b0a1c3c-65a7-11ea-af7d-abdde6530957.html
Paul,
This didn’t age well
Silver down 10pct, gold getting monkey hammered
Until/Unless we have a “Mad Max” scenario, they are commodities and insurance
I have approximately 10 pct of my savings in gold and silver bars. I make one purchase a year rather it’s going up or down
I also have about 7pct in CDs, and 15 pct in traditional savings
I am no expert, but I advise anyone to be diverse. The global ponzi fiat system has many more tricks up its sleeve
If you are waiting for the entire system to collapse, don’t hold your breath
No Mark you are wrong.
Stocks are getting “Monkey hammered” and this is WITH massive money printing intervention. Gold is being suppressed with naked short selling and it is still up $221 year over year. Are stock up Year over year???? Hock NO! Are you grasping how much money they are printing to prop this dead horse of an economy up??? Buy low. This is a gift. They ran out of silver Eagles at the U.S. Mint by the way.
Greg
Greg, I am going to sign up with Charles Nenner and trying to make sure your channel gets the credit. Tried listening to the end of the above video, but does he state what code to use so you USAWatchdog gets the credit? Thanks, Kenith
Also, this is to get the 50% off a subscription price, not for the free newsletter. Thanks,
K
Mark … don’t let the up and down price gyrations in silver disturb your brain … keep focused on your “true objective” … owning something real and physical “that takes the opposite side of the Fed debt bubble trade” … which is now being blown into an exponential monster as the Fed expands the debt bubble with additional trillions and trillions in new fiat paper debt dollars each month “to bail out everyone” from the Banksters and Corporations to the Military and Wall Street … with a few pennies thrown to the deplorable useless eating brainless pigeons (chained down with a 1.6% Cost of Living Adjustment while inflation is raging above 10%)!!!
John Williams of Shadowstats says inflation is currently 6%. People mistakenly think that John Williams says it is 10% when he does not. He says it is currently 6% on his website as shown on his home page and he uses 6% inflation for his Alternate GDP.
“Gold and silver are holding their own as a safe place to hide during this crash!!!”
I think you spoke too soon.
Luke 18:35-43
35 Then it happened, as He was coming near Jericho, that a certain blind man sat by the road begging. 36 And hearing a multitude passing by, he asked what it meant. 37 So they told him that Jesus of Nazareth was passing by. 38 And he cried out, saying, “Jesus, Son of David, have mercy on me!”
39 Then those who went before warned him that he should be quiet; but he cried out all the more, “Son of David, have mercy on me!”
40 So Jesus stood still and commanded him to be brought to Him. And when he had come near, He asked him, 41 saying, “What do you want Me to do for you?”
He said, “Lord, that I may receive my sight.”
42 Then Jesus said to him, “Receive your sight; your faith has made you well.” 43 And immediately he received his sight, and followed Him, glorifying God. And all the people, when they saw it, gave praise to God.
Jesus Christ of Nazareth. Son of David. Have mercy on me. Cry out. He will stop and listen to your cry. Today is the day of salvation. Cry out to Jesus Christ of Nazareth. Wonderful, Counselor, Almighty God, Emmanuel, Prince of Peace. Lion of the Tribe of Judah. El Shaddai. Captain of the Host. The Lamb of God. The True and Faithful Witness. The Name given above all names. King of Kings, Lord of Lords.
“What do you want Me to do for you?” Jesus asks you the same question. Seek Him while He may be found. Offer to Him the sacrifice of obedience. Offer to Him the sacrifice of praise. Blessed be the Name of the Lord.
https://www.youtube.com/watch?v=VtSL2XUnkF4
https://www.youtube.com/watch?v=AG3i-Z5p55w
Ha Isten velünk, ki lehet ellenünk?
https://www.youtube.com/watch?v=obemRRc7kp4
Great interview! So frustrating the sound kept cutting out.
Is Nenner on dial up internet? Ugh!
Amen – so great of an interview. The sound cutting in and out was a disappoint.
Harry,
Thank you for your kind words. There are lots of variables in doing this sort of programming that are out of my control. I am not waiting for the perfect connection for the perfect interview when information has got to get out. Oh and did I tell you this is free??? You can help me make it better. https://usawatchdog.com/donations/
Greg
Greg, please know we appreciate what you do . My comment was not a criticism and I’m thrilled you DID get this out when you did.
Thanks!!
No problem Christian.
Greg
Thanks Greg,
The ASX has multi-billion dollar swings today. Crazy things are happening all over!
Death throes of a dying man – the phony “money” system based on false weights and measures and deception.
God hates divers weights
I had the same thought. Something about it reminded me of the convulsions of s heart attack victim.
Mr. Hunter:
What can you say (except thanks)? Mr. Nenner is right.
The interview was a little difficult to understand. For those of us that still hold stocks, did Charles N. say to wait for the next leg up in the market to sell our stocks or to get out and take our losses before the market gets much worse? Thanks.
George at Urban Survival is in agreement with Nenner.
Scared Yet? Wait Till the Depression Hits…
“America is about to undergo a massive psycho-social change. We got at some of the psychological roots of it in Peoplenomics yesterday, but there’s more to come…LOTS more.For one, there’s an almost daily increase in the odds of a severe economic depression arriving, the result of the disease spread and breakdown of international commerce.”
https://urbansurvival.com/scared-yet-wait-till-the-depression-hits/
Unfortunately George has been nearly begging for a depression for the past 20 years. If he finally gets one, I doubt he will know what to do next.
Its very odd how people are buying bottled water and TP, cleaning out all stores of this, when we have perfect tap water here, and TP is produced in the US, so other than these hoarding antics, we would have plenty to go around for everyone until infinity.
The US is not going to shutdown everything and will keep a lot going with basic precautions. All that is needed is to slow it down, which can be done very easily with basic common sense. Have people stay at home in shifts, or work at home as much as their job allows, cancelling group events, doing schools on line, and for office environments have people sanitize all touchable surfaces on a regular basis. For for large office elevator buildings, do one person at a time, which again is feasible if a bunch of people work at home. Have people come in on 3 shifts, instead of everyone at once from 8 to 5. Stay in the outdoors often in sunlight, as it kills the virus on the spot if its on you. Do the social distancing thing, and yes n95 masks do work, especially for preventing you from infecting others if you have it and dont know it. They arent perfect, but a lot better than nothing, and again, we are looking to just slow the spread. Trying to ‘eliminate’ the virus is impossible, though that is peoples expectations, and that leads to very bad and draconian decisions. when you slow it, then medical professionals can handle it better. Overflowing the medical system, actually leads to more deaths in all sorts of causes.
99% of the blame for this, falls on China, for a) reacting very slowly b) its wuhan bio weapons lab, which is definitely the source, c) not being truthful to this day about all the cases and deaths, which placed other countries in significant danger as they all stayed too complacent for too long. Remember when China was screaming at everyone not to cancel flights from their country, or into their country ???? They were intentionally misleading and knew exactly how horrific and fast the spread was, and the fatality rate. Frankly China needs to be thrown out of WHO, and the WTO. And we need to stop trading with them entirely while shifting our companies and sourcing out of china as fast as possible. China is malignant and reprehensible for what they have done here. And they have the gall to blame the US for this. Unacceptable, and that shows their true colors in spades. We need to IMMEDIATELY source all medications, and medical supplies here in the US or any other China, and build as many factories as possible ASAP to start producing these urgent supplies. In fact, all urgent and critical supplies MUST be sourced away from China ASAP. If we havent learned our lesson from this, then we deserve to be held hostage by China which is exactly what they’ve done and are doing. Trump was right about them all along, but the tariffs by themselves werent enough to get CEO’s and US firms off their behinds, to start getting the heck out of that country. This is effectively WWIII starting right here and now, and the enemy is China, and I hope we wake up and realize what China has been doing to us. We let them and even emboldened them, and allowed them to take over so many industries that we easily could have kept. China has always been a source of many of these epidemics, and will continue to be due to how the country is poorly run under communist rule. Their current organ harvesting of the muslims is beyond the pale. Why do business with these people ? None of this is right, and we need to punish them with sanctions and start making it right.
M – I sure hope that our big Pharm wake the hell up and start bringing back the antibiotic production into the USA … if any one dies in the USA from not being able to get an antibiotic that is only made in china (that was researched and developed here in the USA), the big Pharm heads should go to jail! These were all developed in the USA and Europe with our tax subsidies and high prescription costs … criminal … criminal … these big CEO’s heads should roll if one citizen dies from not being able to get a drug that was developed and subsidized by high costs here in the USA!
Mike , Imagine your women fold running out of TP. You may as well shoot yourself!
I think he said to get out in the previous interview. Think your sort off on your own that way now. I have a bout 30% of mu holdings precious metyals related to try insulating me some w/o selling my longtime core investment. Does not look so good at the moment but will give theat approach time at this point.
I think what he said is that that might be one more (last) opportunity to sell if you need to.
Those within 5 years of retirement ought to consider this for a substantial portion of their stocks holdings.
Hey millennials … look at the price of Bitcoin one month ago … https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/bfmB574.jpg?itok=cMsseSy1 … now look at the price of Bitcoin today … https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/bfm72DE.jpg?itok=VuPaAcoz … and tell me how crypto currency has no weak links and is a better store of value then gold because it’s block-chain can’t be broken … now put a chocolate bar in one hand and a one ounce silver coin in the other and tell me with a straight face that the chocolate bar is the better investment to put under your mattress!!!
Now what if the markets are shut down by the politicians and the banksters for six months (to allow the virus to pass)?? … and you can’t trade your stocks or Bitcoins … what are they worth then??? … shut the markets down and absolutely nothing happens to physical gold and silver in your possession!!! … as both these precious metals “are real money completely out of the fraudulent criminal system and have zero counter-party risk”!!
“…absolutely nothing happens to physical gold and silver in your possession!!!”
Not so, they will be checked, fondled, and appreciatiated over and over.
Yeah … it’s our baby … and one day it will grow strong and independent … able to kick the ass of any bankster pedophile who dare tries to molest and manipulate it or steal its vital organs!!
Warning! Danger! Warning! Danger!
Thanks Greg, I had a feeling you were going to do something special today.
Hard times are coming. God help us.
Something doesn’t make sense when Nenner says: “I’m afraid to sell my real estate properties as I don’t know where to put the money”?? … yet he tells us he knows gold is going to $2500 … so why not sell and put the money into physical gold???
Looking at the chart … http://www.fedprimerate.com/dow-jones-industrial-average-djia-history.gif … some support for the Dow exists at about 18,000 … so let’s look for a temporary rally to develop once the Dow falls another 3000 points (from 21,200 to 18,000)!!
You cannot trust anybody but yourself to store your real stuff.
The banksters have a million ways to lie, cheat and steal anything you entrust to them.
I speak from personal experience.
Farmers ready to sell out face the same thing. Where do you put the wealth so it doesn’t deteriorate? Safe storage of gold and slippage during conversion can be an issue. Maybe where its at in real estate is the best place unless you need the cash. Seems like when you convert some assets to cash it has a way of slipping away. Lessons learned.
paul. . .
I don’t know the answer to the question you pose ~ but I can speculate:
Selling a property takes time. Money does not change hands without being passed through the bank accounts of legal intermediaries. They manage, somehow or other, to hold onto the proceeds of sale for days on end. Eventually the proceeds of the transaction are shown as a credit (digital money) on your bank statement. Then you need to transact to get the ‘money’ out of your bank account and into something which has ‘potential’ to hold its value. Perhaps, Charles Nenner considers the banking system so precarious that he considers the risk of property devaluation in Amsterdam preferable to the risk of losing 100% of proceeds of sale to a banking failure / bail-in. Owning $1,000,000 real estate (A) is not without risk. Having $1,000,000 in a bank account (B) is reason to panic! Owning physical gold (C) may provide some peace of mind. Right now, transacting from A to B to C has never been so fraught with danger.
Nenner says: “The Dow will fall to 5000” … if the Dow falls to 17,000 (it will be as bad as the 1928- 1932 crash) … https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/Dow%201928%20vs%20Dow%202020.jpg?itok=XP90kuo7 … so this means the “Depression Nenner sees coming” … is something that will be “much greater and much worse” then the 1928-1932 Depression!!
that scale is not proportional … if you say the peak was 375 and the bottom was around 5o, it has fallen to be about 14% of the high … if you take 14% of 29500, you have 4100 … I’m with Nenner. Remember figures lie and liars figure.
As Greg says: “The Gold/Silver Ratio is now at 100” … https://tsi-blog.com/wp-content/uploads/2020/03/longtermAUAGr1700log.gif … take a look at the quick downward spikes that occurred over the years (they average about a 60% drop in the ratio) … so if we get about a 60% drop from 100 now … it will bring the Gold/Silver Ratio down to 40 … and if the price of gold goes to $10,000 as Rickard’s predicts … silver should be selling for $250 dollars per ounce … or a potential gain of 16 times your money!!
That only counts if the ” value” of the dollar is constant.
Greg
This is UNBELIEVABLE!
Well done
I work in a major European university Hospital and am always amazed that people don’t open their eyes and their minds. It’s not that people don’t know, it’s that they don’t see! This poses a far greater danger than the virus because we can do something about the virus. This is going to happen no matter what we do.
Well done again
You’re a real star,
J in Ireland
Greg,
Deflationary collapse…triggered by covid-19. Pay off debts, get small, get water/food, obtain a means to defend yourself and prepare yourself for the possibility that you will never see the DOW at the levels they were last month in your lifetime.
Like a deer in the head lights of a Mack Truck coming at them … https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/w_55440499-800×450.jpg?itok=e53C-Upe …. the world banksters stand frozen dropping a load of QE on the road to roota … https://www.youtube.com/watch?v=xGzAdAOKWaw
Bix (a crypto expert) “knows” that when the electronic exchanges shut down (you have nothing) … but with physical gold and silver you have something real in your possession … so why does Bix continue to promote elusive electronic intangible entities like Veritaseum and Bitcoin floating somewhere in an imaginary hyper-space “that is about to be shut down”???
How long can the US financial markets “be rattled by quarantines” that are just beginning here? … well quarantines began in Wuhan on January 22 and up until now has been 73 days (and things are said to be seemingly just returning to “normal”) … so if we follow a similar pattern to China here in the US … it won’t be until at least June before we begin see things returning to quote “normal” and markets perhaps stabilizing!! … https://www.zerohedge.com/health/when-will-authorities-lockdown-america-how-long-will-quarentine-last-heres-what-patterns
So let’s say the Corona Virus begins to fade away as temperatures rise in the summer and the ultraviolet light of the Sun generates high levels of vitamin D in people (which is a natural viral killer) … will things go back to normal where we have free trade, globalization and finance-driven “growth”?? … don’t count on it … the world has been traumatically forced to recognize that an inter-dependent globalized economy with multi-national supply chains and just-in-time inventory systems is simply “not a good working business model” … individual nations will have to become more self sufficient in producing everything it needs and stockpile large supplies of the scarce things they can’t produce domestically (i.e. like platinum, palladium, etc.)!!
The cryptos are a speculation – NOT an investment.
IMHO, Bix (the self styled crypto “ex-SPURT”) is full of himself.
Maybe Bix is hawking the cryptos for the same reason paper/crypto brokers hawk paper and cryptos – because they want to sell you THEIR toilet paper ILLUSIONS in the hopes of selling them at a higher price in the future to greater fools than yourself?
The entire “money” manipulation game (based on phony weights & measures and deception) is dabbling in witchcraft and the occult, IMO. It is an attempt to present and believe in illusion instead of reality.
If you play with fire, you will eventually get burned.
Barring a complete apocalyptic collapse of civilazation it is man’s nature to work out of disasters. Remember no one has come out betting against the United States historically. Where else would you rather be?
Canada, actually
Unfortunately, some people are idiots. At least with the tulip bulb mania, you got to grow some colourful tulips! With unbanked cryptos you get nothing. Whoever thought of ‘Ethereum’ has an ironic sense of humour. Ether: “The rarefied element formerly believed to fill the upper reaches of space” Merriam-Webster. Add to that the medium of the internet required to transact cryptos – a medium that TPTB have the means to limit, censor, or shut down at will – and you need to be an idiot . . .
Cryptos are akin to chain letters. Guaranteed to make money for the fraudsters who initiate them, perhaps profitable for the early adopters with plenty of suckers to sell on to, but ultimately loss making for people late to the party.
Correction: unbacked cryptos – not unbanked cryptos.
Auto-correct, yet again!
tks for post
Greg,
Did you ever notice on the corona beer commercials that it was always younger couples celebrating “ fun in the afternoon” ?
Are you enjoying the corona virus show so far? Here’s the real reason the globalist will have us all locked down under medical martial law by the end of the month.
https://www.bankofengland.co.uk/-/media/boe/files/paper/2020/central-bank-digital-currency-opportunities-challenges-and-design.pdf
Need I remind you, that “The City of London Corporation “, owns not only the Bank of England, but the Federal Reserve Bank as well. It’s a lot easier to control a global currency reset when you can put people under martial law using a pandemic.
Another part of the plan? Oh yes.
https://www.federalregister.gov/documents/2019/09/24/2019-20804/modernizing-influenza-vaccines-in-the-united-states-to-promote-national-security-and-public-health
Yes Greg,
This is all just one great big coincidence.
https://www.gao.gov/assets/690/682966.pdf
165 pages of documents for government agencies outlining plans for a pandemic in 2017. How ironic.
Jerry, check this out.
“This CaronaGate was perhaps intentional to gain more power, as was the case out of 9/11. Perhaps it is the product of absolute idiots who only think about stopping a pandemic that has a lower mortality rate than the general flu virus. Either way, we are looking at serious economic implications for their means of fighting a flu that has amounted to an economic policy of scorched earth.”
https://www.armstrongeconomics.com/international-news/disease/a-fictional-exercise-to-control-pandemic-oct-18-2019-that-is-destroying-the-world-economy/
JC
That’s very interesting. Check this out.
https://www.fema.gov/media-library-data/1582133514823-be4368438bd042e3b60f5cec6b377d17/Stafford_June_2019_508.pdf
The Stafford Act revised in July 2019?
Once again the American people have been duped. Is president trump in on it, or is he a victim like us? Come April 19th we”ll find out. Medical Martial Law is still martial law. How far will they go to implement their plan? 5000 dead Chinese should give us a clue.
Jerry, regarding April 19th….
April — specifically April 20 — has a
particularly long, strange history of death and disaster, human violence and random accidents.
If another spot on the April calendar was in the running for the bloodiest day of the year, it would be April 19.
https://www.washingtonpost.com/news/morning-mix/wp/2018/04/20/the-weird-bloody-history-of-april-20-mass-murders-a-fake-news-war-and-environmental-disaster/
Jerry, last time Catherine Austin Fitts was here didn’t she say something to the effect “I’m not worried about the virus, I’m worried about the vaccine?”
J – no need to worry about getting the flu! With the contact of kids in school going to near zero, the spread is going to be stopped cold. Now for the virus, there is a wave coming and it is time to hunker down!
Greg,
You didn’t ask Charles about crude oil prices, his target low.
Art
Martin Armstrong used to note that the US Stock Mkt. would be the refuge of last resorts for investors. After that, it might be precious metals, but given the manipulation that GATA revealed, the normal market conditions do not exist.
Catherine Austin Fitts noted that any asset class appreciation usually occurred in stages, with the greatest gains coming within the last few months of the peak prices. Until then money can be used elsewhere – till the sure thing, of skyrocketing prices, occurs.
Given the cyclical nature of markets, those peaking prices usually indicate a correction to occur – where all asset classes rise and fall – and holding an asset for decades is usually only reserved for the extremely wealthy, who can horde until after the government’s confiscation expires.
“Seek ye first the kingdom, and all shall be added on to you.”
Armstrong, if your subscribed to Socrates, has called this 100%.
Indicated last week Dow to 19000, 21400 bounce up. At 19000
we get the Bear, Remember that Zimbabwe had a fantastic stock market
as their currency became worthless, due to money printing.
We could get a slingshot move up if the FED goes to zero interest rates
which I think they will.
Right now the FED is intervening in the REPO market to suppress interest rates, from rising, if they fail then banks will not lend, then the credit markets freeze. Trump better be careful about asking for negative rates.
Greg, I can’t tell you how much I appreciate your years of work in reporting the unpopular truth, that is seemly dismissed or ridiculed… until it becomes reality.
In one of Chris Martenson’s Corona Virus Update videos, he referred to a quote that has really applied in my life:
“All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” quote by Arthur Schopenhauer
This past week, from my own experiences in trying to warn family and friends, we’ve moved on from ridicule, to the second stage of truth.
Stay strong and stay healthy. We need more”watchman on the wall” such as yourself.
FANTASTIC!!!!!
Shalom,
CC
Worst news
https://www.armstrongeconomics.com/international-news/politics/romney-positioning-for-vp-on-democratic-ticket/
I would not be surprised if Romney were doing this but no way, IMO, would he ever get the nod. Especially with odds favoring Biden to win and the Dems to take the Senate and thus control all levels of government. The real “player” in all this is Barack Obama. He wants to be a key kingmaker in government and especially to be able to continue his transformation of the country. The best way to do that is Michelle. Beloved by most Americans, she would allow Barrack to be a kingmaker in Washington. Especially given that Biden will likely resign during his first term. The plan may be for Biden to last two years. Then Michelle becomes President and can run for two full terms. 10 years in control and Barrack’s (and Michelle’s) vision for America will be accomplished. Frankly, Michelle could easily defeat Trump if she herself were to be the Democrat Presidential nominee – IMO.
My view is that over half of the country finds Michelle (or Michael to some) repugnant and divisive. Of course it is politically incorrect to voice such a view. President Michelle. Quite a package!
There will be no election
NEVER trust the money manipulation CLASS. They’ll screw you EVERY time. They can’t help it, it’s just their nature.
Google the parable of the frog and the scorpion. It’s their nature.
People watch the stock market totals , as they go down the media announces a loss and we think “yep, gone, but it’s not gone. Somebody got it. Money does not evaporate, it just goes in some one else’s pocket. Then they do it again.
Greg, was hoping and waiting for Charles to come back to say “TOLD YOU SO”… his research is amazing. Very to the point with his daily email updates. But PULEEEEZE, try to have a better connection when he, specifically, is a guest. You guys were breaking up at critical times in your conversation. Coincidence, perhaps not… but still disappointing. Have a great weekend and thanks for all that you do for us.
Thank you Greg! I have been posting this interview in the comment section:
Charles Nenner is warning to keep an eye on Deutsche Bank as well as calling for 5000 Dow by the 4th quarter of 2021:
https://usawatchdog.com/we-are-heading-for-a-depression-charles-nenner/
The last 8 years will commence within this decade:
https://sumofthyword.com/2016/10/04/the-rapture-of-the-church-is-after-the-tribulation/
please put this in my previous comment after section: “of Zero hedge”
Gold/Silver ratio to reach 117 expected by end of May.
Oneno,
I think this is more manipulation.
Greg
Charles Nenner is right on target. I like him. He is a really an honest, sincere person. Thanks, Greg, for having him on your program.
Well… I just got an email from a friend of mine in NY that works in an office building on Long Island. The Board of Elections is on the floor below his, someone there has tested positive for corona virus. Building is being evacuated.
And here for your reading pleasure, The COVID Path to WW III…
https://urbansurvival.com/the-covid-path-the-ww-iii/
Ok, just got an email from another friend on Long Island, she writes….
“My friend was on the Jet Blue plane from JFK to Florida Wednesday night with the doctor who knew he was infected. He only informed the airline that he tested positive when they were landing. He is now banned for life from flying Jet Blue. No one from the plane was isolated. They were told to call a doctor if they feel sick.”
Thank you JC for your street reporting!
Greg
Greg, I just got an update from my friend in the office building, he is a computer expert, handles the police department systems, therefore he is considered “essential” and so….
“I am classified as an essential resource. Everyone else will not be back next week. Maybe longer. I had the flu 2 years ago and I thought it would kill me. This one probably would kill me.”
Greg, my son in law is a trucker in the USA, right now he is hauling a semi trailer of high strength hand sanitizer to the Edmonton International Airport, from Pittsburg, apparently employees will not go to work without it and the airport and airlines here, can’t get enough of it.
He is also reporting that a VERY large meat packing conglomerate, is turning away drivers from picking up, and delivering loads, depending on where they have been
on previous loads, or if they are coughing, running a fever, etc.
Last time I checked EVERYTHING in our society comes on a truck, without them nothing gets delivered.
So, what does Bo now say about the price of gold?
Would be interesting to know,
Russ,
He said in our early Fed interview it would be choppy in March.
Greg
Soon come. It’s up a heck of a lot more than stocks in the last year.
Greg
What a bad interview. He is already annoying and he kept cutting out. So gold will rise to meet the dow 5-10k area and then overshoot is my guess.
Andy, let’s keep in mind that Greg didn’t do his usual Friday wrap-up. I’m pretty sure it was a spur of the moment decision to have Nenner today, and without much preparation. Yes, there were some technical problems, cutting out/breaking up, but this is not the first time Nenner has been guest here and I don’t recall that happening in past interviews.
Nenner is in Amsterdam, and I don’t think English is his native language, so the only constructive criticism I might offer to Greg is to refrain from using slang expressions such as “pie in the face” as I don’t think Nenner comprehends them all that well.
Greg: Mike Maloney is also saying this is the start of a depression! Tuesday Gerald Celente also said this. that at least 3 experts saying this.
al
https://www.youtube.com/watch?v=LB2OA7uQxu8&feature=emb_logo
Al … it’s a depression along with a hyper-inflated fiat currency!! … where depression means “people save their money in gold and silver and don’t foolishly spend it ” (like on zombie corporations listed on the stock exchange)!!
Just a calculation comment about the Market and personal IRAs/401Ks.
When they calculate the Market decline they use this formula:
[(Top Value – Present Value)/Top Value]= decline/gain
Example: (30,000 – 20,000)/30,000 = 1/3 or 33.3%
For an IRA/401k, this is not a valid formula. Why? Because one would have bought at the, say, 2008 bottom of 10,000. The correct formula for them is :
(30,000-10,000) -(20,000 – 10,000)/(30,000-10,000) = 1/2 or 50%.
This is due to the Market being calculated with a floor of ZERO. The floor for the IRA/401k is 10,000.
This is the real effects of a Market decrease/increase on ones investments. Look at one’s savings accounts values and you will see that this is correct in absolute dollars.
If wisdom is the most costly, then faith would be the most precious, and love would be the most desired.
Wisdom, the most costly
Faith, the most precious
Love, the most desired
Truth, the most necessary
Justice, the most welcomed
Salvation, the most joyful
Ransom, the most important
Restitution, the most fun
Holiness, the final outcome
Eternal life would be the most fantastic
Thoughts that are good for the soul.
We already have enough to worry about.
Nine pillars that support eternal life.
Great report. Wish you had your own news channel, 24/7. ‘ol Chuck looked like he was getting a little tight around the collar… On Feb 15th I posted here on this site, “Waiting for that next 1000+ DOW drop that should have already happened”. Then pretended to buy 10 DIA 3/13 290 PUTS. 2.66 each, $2,660 invested. Yesterday they hit 74.45 for a high. One day before expiration. $74,450 value. $71,790 profit. I’d say I’m one of the few who saw the top. Not one of the dozens of experts from around the world that I follow, said Sell it all now. This is the top. Oh well, I just keep my eyes on the JPM silver vault. Still full and I’m sure it’s getting more and more every day. Now down the rabbit hole. On 3/9 I posted “Anyone else thinking that there may be a tie between last year’s military exercise in DC, a US black ops bio lab, and the virus?”. Last night on Coast to Coast, George read a news story that some Chinese official said he believes this virus was made by, and planted by US army black ops. If this turns out to be true…
Greg,
James Brown here. I love you Man!!!
I’m in Orange County California.
The grocery stores got wiped out yesterday.
Massive buying. People think everything will shut down so they went to every store and bought everything. The extra large carts at Home Depot – filled with water.
Human locusts.
Thanks for your street reporting James!!
Greg
First off, coronavirus is not fake news. Just ask the folks in Italy and families of those over 60 being denied treatment. Agree that the coronavirus was the trigger that decoupled the already shaky economy. Controlled conservative media is saying equities will bounce back this summer to their previous highs! Really? These are the same folks who were/are saying deficits don’t matter and that the GOP/Trump tax cut would boost GDP growth to 4%. That never came close to happening.
The delayed response of Trump and his media apologists and their downplaying of the coronavirus will hurt Trump and the GOP in the fall. Matt Getz will be a poster boy for this. The disappointing address on Tuesday night – Ben Shapiro said it was inexcusable for a prepared address to be poorly delivered and then to have to be corrected by staff later on – tells it all. Savage thinks it is criminal what some radio hosts are doing re: the virus. Like crying fire in a crowded theatre. Overreaction is called for given the situation in Italy and the fact the US has only about 80k respirators. One host said he was disappointed in some who are on “our side” (presumably conservative) commentators for not being on “our side”. Their crime – they dared to criticize the Administration and its early handling of the situation. The ultimate sin. That is how the always Trumpers see it. Forget the threat to health – it puts a lie to individuals who claim to be pro-life but, as it turns out, are only so when it is politically to their advantage.
Recession or depression, the economy won’t snap back to its previous throthy level after the virus in under control. That may be why markets are betting Biden beats Trump and the Dems take the Senate. That also means investors must be taking that into account as the election draws closer. In addition to the fact that the underlying numbers are not good and were not good prior to the emergence of coronavirus as a world threat.
Greg, you are an excellent writer. I took notes from the interview. Then I read your notes. I like yours better than mine and I consider myself a good writer.
So what’s the deal with Au and Ag? Down 10% and 22% respectively over the last 3 weeks.
Its called we are seeing to it that not a single goldbug or silverbug profits ! We’re giving theme the SHORT !!!!!
Gina,
You are “giving them” a look at panic and criminal activity that will be overrun–Just like Hillary was overrun remember that??
Greg
Gina, Greg is right on a long term spiritual level. I suspect Greg we are seeing the norm only overtly. The serpent raised its head out of the political abyss November 1963 and the Vietnam generation of youth screamed “there is something wrong”. The silent majority remained silent and in denial until their death. The screaming generation [not all] gave up and traded it’s soul for wealth and ease and now dying also. What I’m seeing here confirms the serpent is rising out the abyss and no longer needs to hide. As Katherine Fitts said in her last interview; the NWO seems to be completing it’s agenda unimpeded on a world wide scale. Manila, 13 million strong is on lock down as of Sunday midnight. Also there are armed checkpoints even in rural provinces taking temperatures and gold is declining: Amazing. Talk about control issues. This sick patient is on steroids.
Self,
Gina is a paid troll and a globalist/NWO atheist. I believe nothing from Gina who predicted Hillary would be President. Dumb crooked Hill could nit win a rigged election. I only put her/him/it on to leverage the comment to make points on stupid hateful thought shaping points of view “It” posts. I don’t post much of what “IT” says because it’s foul, nasty, un-factual and Democrat/Nazi/Marxist crap.
Greg
“IT” is probably a guy. a real wimpish coward though.
Tommy – This is a great time to buy or even back up the truck if possible. Definitely the time to increase one’s PM holdings. Carry on!
MP
Hi Greg. Love your wrok. I am from Holland. Till 5 hrs abo i poster frequently on your site. I stated that I am the comeback of Jesus Christ (JC)). The would is watching me as from 2004. The world only raped my rights. As from 2015 white lights are around me with which I can construct Amsterdam Airport. …some 20% less traffic. The weather, Earth quakes, volcano’s etc etc are revved up by us. Recently we created the Covid-19. JC warned for it…….. a devlish world gets taken out of the game. Whether it remains to be a reduction of population or a total erase is stil open. The spirits in this world did it many times before, but stick to their way. The Bible is mostly produced by the government at the time, which was The Church. Nothing changed for that matter. It.s not about believing, but living love. Infinite physical world in the Universe……this one being one of the most devlish order.
The money system still standing as we block the devil and their intentions. We implement the actions which make it last. We are invisible in control.
Best regards,
Wim (JC)
Wim,
Have no idea what you are trying to say, but the government did not produce the Bible. It is the Word of God and Jesus is throughout the Bible-period the end. Read Matthew and listen to the word of Christ.
Greg
Looks like the disruption in supply of anipsychotics in Netherlands has already started…
Un,
No.
G
Wrok= wrok
Some more error, as I die it on my mobile, autocorrect
What I meant to say Greg is that the Church produced and altered the Bible. They weer the government at the time, and they manipulate the sheeple.
Wim
This guy will say anything, it’s going up, it’s going down. “Just look at the last 200 years of history”.
Anyone who completely ignores the market manipulation is a fool.
And the media is just not as smart as he is, they would never be intentional lying (what a joke).
Thanks for all your great work Greg!
Paul: see, I told you Gold would crash.
Stan,
Are you stupid? Can you not do math or look AT A CHART?? Gold is up $221 year over year. DB has been cut in half in the past few weeks. The stock market has crashed and this is with massive money printing. Are stocks still up year over year??? NO!!!!
Greg
Why do you put up with this troll?
Rodster,
Good to know what these evil weasels think and they do really think the way “Gina” does.
Greg
Greg believes in free speech unlike you
Greg,
In NC they have cleared out toilet tissue, wipes, sanitizers, rubbing alcohol, many over the counter meds, soaps. I mean it’s all gone. A few grocery stores say they will replace toilet tissue later in the week, but it and the above will be rationed. You can feel the panic just below the surface and everyone keeps their distance. Our schools are still open for now, but all minor and major activities are cancelled.
Toilet paper (and nearly all paper products) is produced here in the US. Mass quantities will be dispersed as fast as they can produce it, bc its more profits. TP is the last thing you need to worry about. Pretty soon people will have so much toilet paper, they will have no more room to put it. Probably the worst thing you can buy right now, as it takes up so much space, and its so cheap. And besides if you need to ‘bug out’ for some reason, you aint gonna waste any space taking some with you. The biggest sign from TP being bought at all right now, is that people are stressed and not thinking straight. Its very irrational to buy TP. They are desperately finding a way to have some control in their life, and TP buying gives them back a sense of control. It looks big in bulk, and seems like its great value, but remember what you are doing with it, and its only one use and its flushed forever. As far as sanitizers go, bar soap is actually way better, and less costly. A lot of meds or OTC stuff is from China. But is that seriously going to help you at all ??? I know of nothing that can help you get through the flu, and thats basically what this is in terms of symptoms. Yes it can get really bad, but again, nothing OTC will help, and even a hospital can only give you IV’s for dehydration, or do an intubation if your lungs really fill up with fluid, but that is only in super critical cases. In a couple weeks, all the stuff people are worried about buying will be back on store shelves. And then people wont be buying it for a long time, as they stocked up on so much.
Besides that, the BEST thing you can do is NOT go to these stores right now, bc you have no idea how many people have the virus. Maybe there is 500,000 cases right now, or even a 1 million, and with it doubling at a rate of every 6 days, we will see very quickly whether the steps being taken (work from home, stopping sports events, etc) is slowing this down. The fast acting and drive thru testing should help the experts get a better handle on where we are at. Slow testing, and what China was doing, meant they had no freaking clue, and could not conduct effective slowing. China lied through their teeth about the numbers, and easily has more than 5 million cases by now. They are just being reckless by not telling the truth. That in of itself and their lack of truth is what caused this to go around the globe so damn quickly. Shame on China.
Feeling Adventurous? Consider Silver…
BY JOHN RUBINO
https://www.dollarcollapse.com/adventurous-consider-silver-eagles/
Silver got crushed in the Great Depression. Gold held up well. The gold silver ratio means nothing today.
Just watch the globalists evil plan to de-populate the world by 90% foiled when a gazillion babies are conceived during these work from home quarantines. Haha
Can anyone say baby boom???? I predict a bunch of Christmas babies for sure.
I’m kinda kidding but not really. Send your college students to OBGYN school. 😉
In my twisted sense of humor… In the near future…. They might call their babies in general… not just babies but baby corona’s…. and their names, named by their millennial parents might be something along the lines of baby charmin, baby brawny, baby Puerile, baby Clorox, etc. haha.
LOL! Thank you. Like I posted lets set on the hill side under the flag of LOVE and watch. The battle is the Lord’s.
Paul: Gold has NEVER recovered quickly from a waterfall decline like we have just seen. It will take years to recover these losses if ever. $1233 is next target and could come next week.
Stan,
This too is a stupid comment. Recently Gold was down $60 in a day and the following week, it was up $60 in a day.
Greg
Stan:
I bought USLV (a 3x silver play) during the late Friday Trump speech. Silver had a dismal day and week up until then but right before close, I made $84K in 25 minutes. Not because silver rose but because of the positive note. Silver people. It is low, hang in there if anyone is in still IMHO. It may take a week or two but Stan, stop telling good people to bail on it. Do your fellow man a service for once. Stop jousting and being a troll. Trolls end up in a BAD place. It’s a time to support each other, love each other, and be charitable. Be a Bro again, not some loser….
Your friend… Rich
Stan … look at the following chart … see the red dashed line … gold has broken out above it … that is called “a breakout to the upside”!!! … https://s3.us-east-2.amazonaws.com/thedailygold/TheDailyGold+Free+Reports/01192018_TDGChartbook2018.pdf
Oops sent them all … it was chart number 19 (out of the 37 I sent) … that I wanted you to focus on!!
Dow bounced back today, gold got crushed. Gold is not a hedge against coronavirus or any disaster it seems. I suspect come summer the stock market will soar again.
People have panicked but only older people with underlying health conditions need worry.
If the market just stagnates Nenner will be wrong again.
Peter,
Do you just not want to face the facts? This is a stupid comment. The market is already down more than 20% since Nenner called the top. That is not stagnating but a plunge in a stunningly short amount of time. This WITH massive money printing to try to prop up this dead market or at least slow it down. Nenner has been right many times and he has a record of it with subscribers. He also has a record here too.
Greg
Greg. I don’t understand some people and there comments. Gold and silver market crushed by the bullion banks dumping billions of dollars worth of derivatives into the market. Silver had 1.5 billion ounces of silver dumped into the market to destroy price down to 15 dollars per ounce. No one has that physical amount to sell. It’s all fake gold and silver they are selling through the futures markets. They are technically no real markets anymore. Since they got Bill Clinton with he’s pants down with Monica Lewinsky and got rid of all regulation the wall street cabal have been running a ponzi scheme since the 1990s. The market has been inflated with interest rates at next to zero. Share buybacks worth trillions pushed the Dow 30 to 28’000. If you go back to the time of banking regulations share buybacks where illegal and where outlawed as market rigging and you could have been jailed for committing this crime. Do some of your watchers know anything ? As for Michelle Obama becoming president. I don’t know what planet he lives on. Probably been watching CNN since he was born.
Keith,
I booked GATA Chairman Bill Murphy on tonight for the “Early Sunday Release” to add some much needed perspective.
Greg
“only older people with underlying health conditions need worry.” I finally qualify for something. LOL I consider my sense of humor a gift from God and my grandmother. She was catholic christian; at 5 years old I asked her what heaven was like. She said “OOH it’s full of babies and gardens and I’m going there to help”.
Yeah Peter … gold got crushed and is not a hedge against any disaster (like the Fed printing money and doing a lot more of it now) … it i so very obvious to anyone who looks at the following chart to see just how dramatically gold has been crushed!! … https://pbs.twimg.com/media/Dy-kcx9WoAYeI06?format=jpg&name=small
Tell that to the newborn who died of the virus in London.
Greg:
You do remarkable work. Sometimes your guests called things to early and all and even I have despairaged due to early loses during the bubble inflations times before… but to me, this seems to be a monumental time where much of what we talked about over the last 10 years is coming to fruition.
I doNt know if this is it or not, but as most of us are enlightened regarding the globalist plans. We should all pray more and thank the Lord and Heavenly Father and be charitable…. that we somehow learned or were enlightened enough to realize the coming catastrophes. With much wisdom given to us from the Lord grants us much responsibility. There will be many sweet old ladies in our communities who are likely blind-sided. Many other good people too. Open our enlightened hearts to them to prevent their suffering in the most charitable ways. We will be blessed from this type of thinking.
We were somehow enlightened enough to prepare. I hope most of us have the physical Ag and Au we need.. if not, they were hammered this last week, likely as sellers needed to cover margin calls. So it is a great time to buy.
This thing is soooooo crazy, I almost think this may be the last good time to buy at a discount.
Good luck everyone. As a prepared people let us not hide out but be ready to help many good people.
Your friend, Rich
Wow, check out the latest update by G.A. Stewart at The Age of Desolation site. Amazing!
“March 11th was certainly another 3-1-1 day. As longtime readers of this Website know, I have identified 3-1-1 dates as Ritual Killing days for Nostradamus’ Pagan Sect of New Infidels. It does not matter how the number combination rolls.
It was interesting that they announced the first global pandemic on 3/11/2020, on the anniversary of the world’s first meltdown of three nuclear reactors in Fukushima, Japan on 3/11/2011. Maybe the WHO was waiting for March 11th to make the announcement.”
“We can throw into the 3-1-1 Ritual Date mix President Donald J. Trump’s 3/11/2020 speech to the United States. It lasted from 09:00 PM until 09:11 PM. Consider the time on the latest Q Post that I highlighted in my last Update.”
https://theageofdesolation.com/nostradamus/index.php/2020/03/13/now-comes-the-war/
G.A. Stewart is spot on!
“Martial Law is coming to the United States and Europe, because as I have written, COVID-19 is The Everything Virus. A collapsing economy, the need for a police state, it will be the cause and raison d’être for humanity’s future enslavement.”
“There have been many articles written that COVID-19 will destroy The New World Order, IT IS THE NEW WORLD ORDER. They want you to hate open borders, because they want you locked up in your house or apartment (jail cell) and not out on the streets. They want you in front of that big TV that is watching you.”
https://theageofdesolation.com/nostradamus/index.php/2020/03/13/now-comes-the-war/
With a little imagination it’s not hard to figure it out.
https://www.bing.com/images/search?view=detailV2&ccid=E5HH2%2btJ&id=F386CF32BEBE09DCC1A98FFA728BD54154106B06&thid=OIP.E5HH
Gold and Silver down during a panic, it’s pretty simple.
A couple of big banks that are the market makers for the digital gold, silver prices front ran by shorting the mining stocks, then slammed the pricing on the Comex by dumping massive amounts of contracts on the market. Weak longs got flushed out, big banks made money on both sides of the equation as they forced the market down.
The same gold, silver price slam happened before in April 2013 right before the $1-trillion QE-3, and this current price slam is happening before the proposed $1-trillion stimulus plan and the FOMC meeting next week. It looked very coordinated after the fact.
Also remember that gold, silver and bitcoin can easily be liquidated to meet margin calls, and that contributed too.
The ‘tell’ is that during the price slams on the digital contracts, sales at physical coin and bullion dealers went right through the roof. Several dealers reported 3 times normal volume, premiums increasing, stock running out and to expect delays in shipping due to unprecedented volumes of purchases. People out there are waking up to the fact that the stock, financial markets are getting unstable, and are turning to precious metals.
Now in my neck of the woods, Thursday morning, Detroit area, Walmart was wiped out of t-paper, disinfectants, hand sanitize, empty shelves. Food items such as rice, beans, pasta was running very low. Local TV news reporting Friday night of runs on stores as worry is starting to set in.
Michigan declared state of emergency, no events or gatherings of 250 people or more, schools shutting down, church services shut down.
This is getting real folks, stay calm, get prepared, stay prepared and say your prayers for everyone.
To some degree I agree with Stan, I think gold prices will go down. Maybe to ~$800 or so and ~$500 in an extreme crash. The hedge funds need to liquidate their paper positions.
I disagree with Stan on most points but he’s been civil in his discussions lately. He does add to the discussion so let’s not go too hard on him. We can disagree with him in a civil manner.
Let’s remember that the Bible has explained several times that silver and gold will be worthless in times of God’s wrath. Earthly wealth cannot be used to repay a sin debt.
39,
That ship has sailed. The printed $1.5 trillion at the Fed ONE DAY last week.
Greg
DanielSong39 – thank you
Kevin Shipp’s Daily Briefing says to prepare for the supply grid to go down. (Amongst other things.)
hunter: you come off as an angry bitter man. shameful
Jim,
You come off as a ungrateful paid troll!! Now that’s “shameful”! It’s a free site and you are free to leave. Now, go play in the street.
Greg
Geez Greg, you sure get some really dumb trolls coming on here. You need one of those automatic anti-spam bots to do the deleting of these posts for you. I do like your responses though. “Go play in the street” is classic. LOL.
Thanks Mike. I try to be a bit acerbic and entertaining.
Did any one hear about a bank holiday as far as I know this is only a rumor
patrick, if this keeps up, maybe there will be a bank holiday.
As the stock market was having its worst day in 30 years on Thursday, customers at a Bank of America branch in Midtown Manhattan, the financial heart of New York, were lining up to take cash out of their accounts — sometimes tens of thousands of dollars at a time.
So many people sought huge sums that the bank branch, at 52nd Street and Park Avenue, temporarily ran out of $100 bills to fulfill large withdrawals, according to three people familiar with the branch’s operations. The shortage hit after a rash of requests for as much as $50,000, said two people who witnessed the rush.
https://dnyuz.com/2020/03/14/a-bank-in-midtown-is-cleaned-out-of-100-bills/
Having just listened to Charles ,I go away believing that the u.s. fed is the most dishonest institution in the world .Remember they sponsor those hoods the P P T they corrupt interest rates etc etc etc NOT to mention all the Q E cyber cash that is used to manipulate the commodity prices.
Having said all of that ,I firmly believe after looking at the GDX & GDXJ that they touched their nadir and that anyone buying into those two indexes is absolutely creaming it .
5000 dow is a cert ,keep em coming Greg .
Stay safe everyone
I usually like Nenner but this interview was hard to watch.
I know he is foreign and English is not his first language but….sheesh.
When you asked him about selling his home and he said “He didn’t know where to put the money!” WHAT? This guy is supposed to be advising others where to put THEIR money and he doesn’t know what he would do with an extra $500,000 (or what ever)? Hmmmm, that’s troubling if I was investing through him. Just saying. Yes it is a crazy time but …………
Charles is rather pessimistic with a 5,000 call…I think we only go to 6520.
You are funny WK!!
Greg
Fauci Says Americans Must be Prepared to Hunker Down More
Ros Krasny and Tom Schoenberg
4 hrs ago
http://www.msn.com/en-us/news/us/fauci-says-americans-must-be-prepared-to-hunker-down-more/ar-BB11dwhm?ocid=iehp
Fauci in his wet dream!
Vitamin D on sale @ Costco! What Faulsie doesn’t want you to know!
What will happen to the bond market? Are any bonds safe such as high grade corporate bonds, or short term treasuries?