Are We Heading Back to 1970s Style Stagflation?
In this report, I cover the early market action from London on Monday, November 4th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I talk about the rise of big government all around the world and how that phenomenon will most probably continue as governments go more into debt in order to keep our current rotten fiat currency system going.
My conclusion for the day is that people must not be distracted by all the goings-on in the political and geopolitical world and make sure they try and protect themselves financially from the coming stagflationary environment that seems to be re-emerging.
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The USSA and Britain have the same opiate problem for the masses, I would love to see the majority wake up, but us, the informed and awake, are so few and far between.
My prediction: things will hold steady-ish through 2020, Trump will get re-elected, and then the house of cards will come crumbling down. People will blame the fiscal conservatism republicans talk about, but rarely enact to any significant degree, as the root cause of the collapse. The central banks will get more power, and new regulations will be imposed on the economy.
Damn, I am feeling pessimistic today.