Renowned geopolitical and financial cycle expert Charles Nenner says we shouldn’t be believing the Federal Reserve when it says the economy is strong. If you’ve watched the news at all lately, all of the media pundits are claiming the economy is strong and there are no signs of trouble, but Nenner says that’s just not true.
In an interview with USA Watchdog’s Greg Hunter, Nenner also says we are dangerously close to another Great Depression and the hyperinflation that will certainly follow. Nenner says the economy is about to go down, way down. He explains, “Definitely, later this year, the interest rates are going lower, and it could be much lower. We did work on all kinds of economic indicators. Employment is not going to be as good anymore as they say. Inflation is not going to be as strong as they expect. The commodity index is breaking down. Copper cycles are down. Crude oil cycles are down. Soon, everybody is going to wake up again and say hey, what’s going on? It is very interesting how Wall Street is approaching all the indicators. . . . If you do your homework, everything actually looks like the economy is weakening.”
Nenner also says, “Still, the Fed talks like this could continue forever, and it’s the longest expansion. So, why do you think this time is going to be different? If you start with this low of GDP and interest rates and then you get to recession or depression, then you definitely get into at least disinflation.” Nenner also said that he believes we are headed straight for a depression.
“Yeah, I have been saying that for many years. . . . Yes, if you look at the . . . long-term cycles. Yes, we are going to a hyperinflation, but first, we are going to have a deflation scare. . . . We have one more scare of deflation before we get into real big inflation problems. It is a matter of timing. So, it could be a couple of years away.”
Most experts continue to point to the many signs of economic distress coming our way. Whether it happens in a day, a week, a month, or a year, the only thing we can do is prepare for the worst and make sure our own finances are in order. It wouldn’t hurt to look into an alternative currency besides the dollar either. Nenner speculated that when it comes to gold, “Gold is going to enter a new bull market. The first cycle will bottom after the summer. $1,212 per ounce is our downside target. If it hangs around there and it’s after the summer, we will probably give it a buy signal. If that breaks, we will come up with a new low price target, but it definitely will enter a new bull market. Gold is in a bull market even though it came down from $1,900 per ounce. . . . It’s going to pick up anyway in a couple of months, but is it going to be from $1,212 or a lower price target?”
Like I’ve said before, save your money by putting approx. 15% into gold and silver coins (bars if you prefer, chains and wedding bands). Don’t engrave your rings. It lowers the resale value.
I wouldn’t worry about the fluctuation in the value of gold and silver.
If there is a deflation, you can stock up with items at lower prices. But I would not wait. It is better to pay a little more for the peace of mind. If there is any chance of run away inflation, I want to know I’m going to be able to survive.
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” Nenner also says we are dangerously close to another Great Depression and the hyperinflation that will certainly follow. ”
Another Great Depression ??? Maybe. Hyperinflation to follow ??? Not likely. Why would hyperinflation follow the Next Great Depression, but didn’t follow the First ???
Follow the money.
In a “Great Depression” the masses do not have any cash; therefore there is no demand to push prices up. A”Great Depression is DEFLATIONARY in character.
What ALL mainstream commentators and analysts ignore, maybe because they are looking at their charts, indicators, and cycles …. is that Nibiru and its system is NOW visible in the sky and is captured on government weather cams.
The only commodity which price will become parabolic …. maybe …. ballistic …. is a better word: is ammo. The PTB won’t be making it any more after the CHANGES.
Stock up. 🙂
B in CA: Our money is parked in tax free Muni’s and a muni fund. Rest is in CD’s, I bonds, gotta be safe when you are past retirement, anyone can be hit w/copays if surgery is needed. His cataract co pay was over $700. last mo. incl, eye meds. Everyone gets old. We have top of the line ins. too. Cars need repair, house repairs, etc. never ending crap.
Laura:
Not recommending it but I understand putting Vick’s Vapo Rub into the eyes before going to sleep can prevent the need for cataract surgery. According to Dr. Jennifer Daniels it stings but it won’t harm vision. Supposedly, it is a natural way to remove cataract. Cheaper and possibly safer.
My father had cataract surgery. On a post-op visit Dad asked his doctor (who said he, too, suffered from cataracts) if he had ever had cataract surgery. The doctor replied, to Dad’s astonishment, “No, My eyes are too important to me”.
_
https://www.stylecraze.com/articles/effective-home-remedies-for-cataracts/#gref
🙂
Yeah right Gold @ $2500 in 2 years, he claims. That means Silver would be at $31.25 to $53.20 Range. I wish, but seems pretty optimistic. So this is at least a double to triple your silver value in 2 years, if you buy today @15.29. Buy Low / Sell High works for me.
Silver has hit in the $45 to $50 range twice in my lifetime. Now if I can just live long enough it may do it again…..
One has to look at history.
Depressions are very normal
in modern societies. I look forward to
our next one as we are over priced
and over due.
Hyperinflations are usually
due to war or Government policies
that causes total dependence on
imports for necessities and you are not
producing anything someone wants to buy.
I don’t think America will have that problem.
As for Gold or Silver, go for it, gamble as you see fit.
I choose not to invest in PMs as they have no
local value. If you are hungry and want one of
my chickens and you offer me a Maple leaf 1 OZ
for it, I’ll ask if you have anything useful
to trade?
Best Damn advice I’ve heard all year.
Thx rellik
If you have resources, equipment and/or skills and you want to barter – then let’s talk. Otherwise, don’t bother.
I just opened up a Jar of Peter Pan P Nut butter, Chunky with honey, been stored fairly cool in the basement; freshness date is 2011, still good FYI. Regular, without honey doesn’t keep as well. I’ve gotten old waiting for all this I really don’t care just do it.
I think the peanut butter might last longer in glass jars than in plastic. Or perhaps use your Foodsaver to seal up the plastic jars in more plastic might help.
Very little P Butter in plastic these days. P butter without honey only keeps about 5 years past date. I have a supply of the N Pack powder that keeps forever but it’s not as good.
The concept of hyper-inflation became redundant, when we reached the point at which we could no longer, legally make a living from the commons, and brute labor could no longer provide for basic living expenses.
At that point, we lived and died by debt peonage and specious, social promotions.
Maybe you: But I have no debt for the last 15 years and a hell of a lot of other stuff. Nearly 50 years ago I had a poster that said: “I fear no evil because I’m the nastiest SOB in the valley”, Well I’m old, but my Brownings still work, and I’m nobodies peon.
Noone has realistically bought a property or a fresh vehicle, that way, in this market.
50yrs ago, I would believe it.
The last new car I borrowed money on was a 1973 Maverick for $2,638.04. Out the door with a full tank of gas and floor mats. Paid it all off in 7 months,
Coffee, liquor, cigs, medicine of all types, canned meat and other goodies. All trade well. I like small pieces of gold and silver. Grams of gold and ounces of silver. Better store some of the precious liquids; gas diesel kerosene
Crown Royal, Jack D & a bit of Pinch. Just to salute the bastards as they come for you.
No doubt. I’m gonna down some George Dickel if it becomes hopeless and I haven’t had a drink in 18 years!
I’ll sip one for your memory.
I ain’t giving up any ammo.
I will continue to invest in pms______LEAD!!
One does not have to peruse very far back into history to realize that you cannot believe ANYTHING the Federal Reserve bankers say; ANYTHING – NOTHING.
Just what do people intend to do with gold? Buy things to sustain their existence?
Gold is so expensive that you had better buy a file or saw to cut up the metal into usable pieces. Silver is a better purchasing tool.
Actually when we go belly up, nothing will help except practical barter items and maps of where the dead have left their gold and silver. Any body got a good map of diamond hideouts?
1. Get rid of debt. 2. get preps in order. 3. Protect your property and preps.
“Renowned geopolitical and financial cycle expert Charles Nenner”? Never heard of him.
Me neither and I have been active in the financial arena for 45 years. Not exactly a household name. 🙁
Heading for civil war soon? check this out.https://www.zerohedge.com/news/2018-06-03/modern-civil-war-being-fought-without-guns-so-far
As long as we are the world reserve currency there will be no depression. We have been printing our way out of it for 20 years. I’ve been hearing about the infamous BRICS for the last 5 years what has changed.We ARE in a terrible mess economically but how can it crash when we can indiscriminately print money and it is accepted around the world. The Chinese, Japanese, EU are addicted to dollars like opium. The withdrawal would certianly crash them as well and they know it, that’s why the charade continues. The world may slowly wean itself from the dollar but it ain’t happening this year. A major 1000+ stock market crash will not happen this year either because the Fed will step in and infuse the market with freshly minted dollars if it tries to crash to severely. I’ve been hearing about the pending economic crash for 20 years but as long as we have THE fiat currency how can it. Every one says the Fed can’t stop it this time, what nonsense, they can still do what they have always done print more money. Money that’s still accepted everywhere.
The dollar lost half its value from 1990 to present day.
Say you had assets of 250,000 in 1990. Unless it at least doubled to $500,000 today, you lost money.
31-37% of Millennials make so little money they cannot rent much less buy a home. It has been that way for ten years.
We have 30 year olds living with their parents.
If you think this is normal and not completely upside down, then you are a dolt.
When it crashes and when most cannot pay their mortgage, nationwide foreclosure will occur and you will be unable to sell even if you wanted to as there will be no buyers.
All securities and bonds will plummet.
Maranatha: I posted on another site commenting on slackers in millennial generation. Most cannot think logically and make decisions, not independent, won’t mow lawns when younger or in school for money, older men are doing it now some retired. Parents did not discipline, (gave them everything they asked for)
instill work ethic and values. I see this in my subdivision, adult kids still living at home. Way more slackers than gen X and baby B for sure! One good point: parents nationwide are sick of LGBT crap and pulling kids out of gov. schools.
laura ann I couldn’t agree with you more.
Too many young adults now cannot even carry on a face to face conversation. On numerous occasions we have been shopping and asked an employee where something was located. One completely ignored us and didn’t say a word while quickly walking away. One said I think maybe over there…I said no they are not and she just walked away. It’s ridiculous.
Just this week while in the grocery store a woman probably in her early 30’s was SO oblivious to everyone around her. She was pushing past people, getting in front of people. After the second time she practically ran over us I told her you need to pay attention to others. She said it was just an accident. I said no it’s the second time you’ve run into us and I saw you run over another person. She just had a deer in the headlight look after that.
Entirely too many in this generation have no critical thinking skills and no common sense and are so self absorbed.
I know the opportunities for young adults are not what they used to be but I blame the parents for not raising their children to be self sufficient.
I believe it is a parents main responsibility to raise competent, compassionate, self reliable humans.
I don’t have the patience for it anymore. I’m trying to avoid being in public as much as possible. I’m getting older and I never did have much of a filter to begin with.
Recently I was talking with my friend’s son (about 30 years old) and he said that virtually none of the people he knows, that are his age, have any household tools, or handyman skills, or the remotest desire to learn. (He has these skills himself, because he was taught right.)
If something stops working, they call someone to fix it. Even something as simple as a leaky faucet or a broken link in the toilet-flushing mechanism. They don’t even want to take a look and try to figure it out. Just phone out.
Maybe developing real-world skills cuts into all of that valuable RPG time…?
https://www.youtube.com/watch?v=QC35FAJDFpY
The first time I saw this, I thought it was a parody. It isn’t. This is a classroom of millennials and only one can manage to use a can opener.
The American Republic is doomed as they are dolts and hopeless and entitled and worthless and cluless and helpless.
Based on where I live, if the SHTF, I seriously doubt I have much to worry over as most of the nonpragmatic types will just die from dehydration or accidents FAR BEFORE starving to death.
The main thing I push is that in history, the measure of being an “adult” meant a teenager could do about a hundred ancestral skills and was a good kind compassionate caregiver to parents and his siblings. And was a known respected Christian. Then if older that sixteen, could marry.
You were NOT an adult unless you could demonstrate mastery of basic ancestral skills. Most 16 year olds in homesteading towns could live by themselves because they could trap, hunt, fish, defend themselves with hand-to-hand combat and or a firearm or bow and arrow, preserve food, grow crops, harvest crops, identify insects and plant disease, care for livestock including new births, could butcher animals and render fat, could make soap, could make candles, could make flour, knew thirty trees by sight and what to use them for, could find 40 wild edibles and when to harvest them, could ride a horse and care for it, could teach youngins, could do enough math to do carpentry could dig a well, etc.
That was a mature person who could lve alone but also could be a honest prospect for marriage and have babies.
Maranatha I couldn’t agree with you more. I’m so thankful that my family raised me to be self sufficient.
Folks, this nation I absolutely believe is genuinely screwed and in a massive amount of trouble from so, so many different sources & reasons. So many of the vile people are so rude and have no basic “human” skills if you will and do not know how to act nor react to any given situation. Then you have the blacks and the way they respond/react to a given situation 99.9% of the time is with horrible violence & rage, just like the wild savage apes they are. America, enjoy what little time you have left, as your proverbial Goose is definitely COOKED!!!!
It’s obvious Soceiety is breaking down you just have to look at the news. Do you really think when the true SHTF that law enforcement is going to turn up for work? No they will be home defending their loved ones.
My advice to you is to stop watching the news. It doesn’t inform, and does little more than trigger your limbic system to respond with fear, anxiety, and outrage. News isn’t reality.
Well Hoss, I knew some Dinka Sudanese Christians who had enough ancestral skills to survive at age seven, who were goat herders, found their parents murdered by Muslim raiders from the North, and these barbaric satanists raped and enslaved their siblings.
They walked for thousands of miles and lived off the land, by fishing, trapping, hunting, and gathering wild edibles. With no shoes and poorly dressed…at SEVEN to NINE YEARS OF AGE!
They told me tales of finding a grenade and throwing it into a lake so many people could eat fish. Later as teens they killed predator cats using spears and hunted charging rhinos.
Could you do that?
Not everyone with black skin is a worthless urban thug with zero skills except pimping and talking ebonics. Some of them are very moral upstanding MEN who who lay down their lives to save a white soldier.
Pay closer attention to this kind of news.
https://www.tennessean.com/story/opinion/2018/07/19/trump-tariffs-hurt-tennessee-farmers/723132002/
And this too.
https://www.thenewsstar.com/story/news/2018/07/06/tariff-trade-war-louisiana-farmers-manufacturers-bracing-impact/745075002/
You do not want to ignore this just because it doesn’t affect you personally.
https://www.thegazette.com/subject/news/government/bumper-crops-and-tariffs-pose-double-whammy-for-iowa-farmers-20180707
Or this.
http://www.wbay.com/content/news/Wisconsin-farmers-talk-about-impact-of-Trade-War-and-tariffs-488342881.html
And this.
https://www.texastribune.org/2018/07/11/trump-trade-war-worries-texas-farmers/
Pay attention to what is REALLY going on beneath the surface and the long term consequences.
http://www.standard.net/Agriculture/2018/07/01/Trade-wars-from-afar-hit-Utah-farmers-in-the-field-Trump-tariff#gigya_thread
Lay-offs too.
https://www.riverfronttimes.com/newsblog/2018/06/26/trumps-tariffs-are-causing-cascading-layoffs-in-missouri
So far all nine states in the above linked articles are, in someway, negatively impacted and affected; Iowa, Texas, Utah, Missouri, Montana, Tennessee, Louisiana, Wisconsin, and there will be more.
Pretty much every state has similar articles.
It takes time for the full impact to register throughout and it’s going to be quite impressive when it does. But due to the delayed reaction time President Trump will have an out and make it look like it wasn’t his doing or his fault.And he’ll come up smelling like a rose amid all of the hardships and struggles he has directly caused.
More TDS on display…