Source: Kenneth Ameduri for The Gold Report 04/02/2017
Perhaps the final act is about to start for the global monetary system, says Kenneth Ameduri, chief editor of Crush the Street.com, and he discusses ways the precious metals can offer financial insurance.
We’ve all known this was coming, we just didn’t know when.
For the first time in five years, the Federal Reserve’s preferred inflation gauge hit its target. Despite all of the deflationary forces, like lower consumer spending, higher savings rate and stagnant wages, the Fed was able to boost the personal consumption expenditures (PCE) to over 2%.
This means another rate hike is coming, and our 52-week high for gold this summer could come as early as May.
With central planners worldwide taking unprecedented actions for the past 10 years, we’ve always speculated on the ultimate exit strategy. No matter whom we spoke with, whether it was Doug Casey, Rick Rule, or former CIA advisor Jim Rickards, a new war has always been a reliable bet.
Last month, the new Secretary of State said this about North Korea: “diplomatic efforts of the past 20 years to bring North Korea to a point of de-nuclearization have failed.”
He also said “military action was on the table.”
Friday, the new Secretary of Defense added that “North Korea has got to be stopped!”
A new war in Asia would allow central planners to extend emergency measures for another decade.
It would allow the market to ignore exploding U.S. deficits that are coming, because it could all be blamed on the war efforts and “protecting America.”
Keep in mind that all of this is heating up while President Trump is scheduled to host the Chinese President on April 6th and …read more