This Is Why Gold May Have Cemented Its Low As People Tap Credit Cards And Household Debt And Inflation Strangles ConsumersPipeline Inflation Rem

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The Great Financial Crisis (GFC) in 2006-9 was never repaired. Central bankers and governments patched Humpty up with glue and tape in the form of printed trillions of dollars, euro, yen, etc. But poor Humpty Dumpty was fatally injured and the intensive care he received would only give him a temporary reprieve.

When the GFC started in 2006, global debt was $120 trillion. Today we are at $300t, rising to potentially $3 quadrillion when the debt and derivative bubble first explodes and then implodes as I explained in my previous article.
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How many investors are prepared to take the risk of a 90% fall like in 1929-32, and not recover in real terms until in 2090!

Again, I repeat that this is not a forecast. But it is an epic warning that risk in investment markets are now at a level that investors should avoid.

I fear that sadly very few investors will heed this risk warning.

DON QUIXOTE WOULD HAVE FOUGHT WOKENESS
As the world is being ever more oppressed and controlled by the state, Cervantes’ message in Don Quixote could not be more appropriate.

I am quite convinced that Don Quixote would also have fought against the wokeness that today has become the guideline not only for human behaviour but also for justice.

In the UK this week, a court acquitted four people accused of pulling down a statue of a historical figure who had been a major benefactor of the city of Bristol. Yes, he had made money on the slave trade in the late 1600s but where do we stop rewriting history?

With today’s woke interpretation of history, virtually every historical king, emperor, government leader, general or businessman, to mention a few, should be put on trial even if they are all dead.

For example, Great Britain, France, Spain were all part of invading North America, killing a major part of the Indian population and taking their land. So if we rewrite history, shouldn’t all these Europeans as well as the Africans be pulled out of North America and the land handed bank to the Indians.

The same goes for South America of course. The Spanish and the Portuguese must all return and give the land back.

And where do we stop? We should really go back to the Han Dynasty, the Roman, the Mongol, the Ottoman, Spanish, Russian or British Empires.

Why just deal with the slave trade in Africa when all these empires ransacked and conquered major land areas, took slaves and stole the riches of the countries they invaded. In a woke and fair world, all these actions must be reversed too.

If the world decides to rewrite history, it must be done properly with major restitutions. There must of course be a UN Commission, and EU Commission and many more to deal with this properly.

As Don Quixote said: “Who knows where madness lies”.

EASY MONEY MADNESS
But it is most probably the total Madness in the financial world which will have the biggest effect on the world economy in 2022 and onwards.read...read...