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S2 E12: Vladimir is Bullish on Silver & Bitcoin
Manage episode 446092819 series 3411665
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Vladimir Lenin once said...
"The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation."
While there is controversy as to whether it was in fact Lenin who said that, or the legendary economist John Maynard Keynes, who attributed that line to Lenin following an interview he conducted with the Russian leader...the fact is simple, the US Consumer is being CRUSHED, ground up between the millstones of taxation and inflation.
Here is what Keynes wrote, quoting Lenin...
"As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery."
We have bubbles all over, especially in Consumer Credit, and specifically Credit Card Debt. In fact, the total of US Credit Card Debt has risen ABOVE the level of Household Savings for the first time since 2008, while the Seriously Delinquent Rate rose to 10.83%, the highest since 2008.
With no savings and "real" wage growth that is less than one percent year-year, the Consumer is being ground up and crushed by the "millstone". The Fed WILL be FORCED to respond in the not-so-distant future, a dynamic that will meld into HUGE Trade and Budget Deficits, MASSIVE Government, Consumer and Household Debt, and the onset of the BRICs Unit to replace the USD as the means of "settling" global trade ... ALL point to a LOWER USD, which means HIGHER Commodity prices, and a STAGFLATION defined macro-economic environment ...
and...bullish breakouts in Silver and Bitcoin, in the wake of the push in Gold prices to new all-time highs.
Indeed, Vladimir would be bullish here, on Silver and BTC! Find out why in Season Two, Episode 12 of "Money, Markets & New Age Investing!"
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Κεφάλαια
1. Analysis of US Economic Strength (00:00:00)
2. Bank Earnings and Consumer Credit Analysis (00:11:29)
3. Inflation Analysis and Investment Opportunities (00:25:39)
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