The US Economy: All Roads Lead To Gold

  Stewart Thomson email: stewart@gracelandupdates.com email: stewart@gracelandjuniors.com email: admin@guswinger.com Nov 19, 2019 Top US politicians describe the US economy as the “mightiest of all time”. Please click here now . Houston, we have a problem! The next tariff tax deadline is now only about three weeks away. While Trump’s diehard fans may want him to hike these taxes again if China doesn’t “play ball”, massive FOREX liquidity flows suggest that the world’s biggest money managers are becoming extremely concerned about the level of risk in the US economy. Please click here now . Double-click to enlarge. American GDP growth has literally incinerated (from what I predicted would be a 5% peak as the tariff taxes were launched), and this dollar versus yen chart shows a massive bear wedge pattern in play. That bear wedge is ominous. It suggests giant bank FOREX traders believe something is about to go badly wrong with the US economy… more wrong than the horrific sub 1% GDP growth in play now! Trump’s initial platform of tax cuts, law and order, and deregulation was awesome. It created surging markets (both gold and stocks), a positive vibe for citizens, and solid GDP growth. That platform has been replaced with macabre QE and negative rates worship, turning a blind eye to a skyrocketing deficit, and a crazed attempt to boost growth with tariff taxes… and it’s all happening as the world de-dollarizes at an ever-faster rate. Stagflation is emerging, and some economists are forecasting that in 2020 corporate earnings and revenue growth will both come in at … Continue reading