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COVID19: The Deep State Has Made Its Move

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GOLD OBLITERATED!

Contributing Author
November 28th, 2020
Portfolio Wealth Global
Comments (2)

Markets have priced in the vaccine news, so rates are rising, stocks are fully-priced (with hedge funds and retail investor piled-in) and with no stimulus, we are just not convinced that the markets understand that many states are about to hit the reset-button on lockdowns and business shutdowns.

Gold simply has no catalyst in the immediate-term, on top of the fact that investors generated large profits on it in 2020 and now want to cash in their chips.

What does this mean?

For one, it means that the initial reflation trade is over. Now, we will take a breather, before the delayed inflation begins to hit.

* Right now, both case counts (since the tests are truly sensitive) and fatalities, unfortunately, aren’t stopping and we’re entering winter.

* No one knows how large or comprehensive the stimulus package will be.

There are pretty good estimates that it will be between $1.4tn and $2.0tn.

Courtesy: Zerohedge.com

As you can see, if we just wait, the market will give us confirmation of either a breakout or a correction.

What we respect and appreciate is peace of mind, when investing. There are so many unknowns right now, especially as we don’t even know who will be president, or how Americans will react once one is confirmed.

What conclusions can be drawn?

* Covid-19 has shown to everyone that central banks and governments have no idea what creating currency and debt can lead to. They’re not concerned with any of the impact that’s attributed to it.

* Society bails out the rich and the asset owners first.

* People who are working in lower-income jobs must immediately form a side-hustle. The economy has changed and there are innumerable opportunities if one is able to work hard and not wait for government.

* We have no control over the fate of the dollar, but we can prepare by owning alternative currencies. Portfolio Wealth Global has been writing about Bitcoin, for example, for years.

Courtesy: U.S. Global Investors

This is the inheritance of today’s generation to our children and grandchildren. They will have to deal with the debt ordeal – but that’s a myth, in our opinion.

We do not believe that deficits don’t matter; in fact, we believe that now, more than ever, the world sees that printing currency, without a plan on how to pay it back, is a recipe for disaster and a destabilizer for society.

Expect an important update on our favorite side hustles in the coming days!

 

 

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    Author: Contributing Author
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    Date: November 28th, 2020
    Website: https://www.portfoliowealthglobal.com/

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    1. Andrea.Iravani. says:

      America’s White Nationalist Movement is having an identity crisis, and obviously an Intellectual Crisis, not to mention a moral crisis right along with it. 

      America’s White Nationalists are part of the Hitler Revival Movement and are pro-Nazi, pro-Russia, anti-war, anti-vax, anti-lockdown. While the last four anti movements  are great they contradict every Nazi policy, which makes it seem as though they are misguided flakes. While they have all been clamouring for the resurrection of Hitler, they are the ones that are opposed to Hitler’s policies the most, yet they fail to recognize this in themselves. Maybe choosing Hitler and the Nazis as their icons will make them change their minds. They focus on discrediting the holocaust, but Jews were only a small percentage of the Nazis enemies. The Nazis hated everyone that disagreed with them, and they hated anyone that was in their way and had anything that they wanted. The Nazis bombed countries into oblivion for land theft, but the focus has been on retaliatory efforts by the allied powers for the Nazi expansion and occupation of countries throughout Europe whether communist or not. They really see the Nazis as the true victims, which someone could only do if they ignored everything that the Nazis did. So now we will be living under a technofascist Nazi health system, eliminating anyone from society for any reason, because how can someone prove that they do not posess a microscopic virus that is harmful to society? Wrong ideology? Virus warning from contact tracers! 

      Andrea Iravani

    2. Andrea.Iravani. says:

      Since I read Web of Debt by Ellen Brown, I had been a fan of hers, and I was confused by her stating that the Patriot Act would allow the government to forcefully vaccinate people.  Considering that Ellen Brown is one of the few people in the position to stop all of these acts, which are not laws, but confessions of high crimes and treason like The Patriot Act as well as the many others since they are in total violation of the constitution, and Ellen Brown is a California Supreme Court Judge. It is my hope that Ellen Brown will use the power that she has been granted to stop the constitutional rights violations which are high crimes and treason. It would be the most heroic act that she could accomplish. Ellen Brown has criticized the scamdemic on scientific grounds and financial grounds,  but at the same time has justified it on legal grounds,  which is not really helpful. It is unjustifiable scientifically, financially, and legally, and this is what America needs Ellen Brown to be insisting on, since she is a California Supreme Court Judge. I heard her saying this listening to an episode on a pod cast yesterday. Ellen Brown is saying that the scamdemic based on scientific and financial fraud is legal. Since when is fraud legal in any way? 

      Andrea Iravani 

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