There's no shortage of opinions out there and it's too early to know which ones are close to being on target. That's why it's so easy to keep the population on edge, as Americans in particular have been kept on edge seemingly forever. We can never relax and have a state of normalcy; things are always in flux (permanent cultural revolution) and there are always crises and bogeymen out there, both domestic and foreign, that we're always supposed to be afraid of. And good old Boobus Americanus never catches on, so why spoil a racket that's worked seemingly forever?
The coronavirus is scary because there is no vaccine for it. The next few weeks should tell the tale as far as whether this is going to be a prolonged event with millions of Americans catching it, or whether it peaks and begins to diminish, as it has in China and South Korea (if government statistics can be believed).
The ratio between gold and silver is now at around 100 to 1 last time I looked. I believe that's the first time it's gone that high. Traditionally it was roughly 16:1, but both metals have been mercilessly hammered along with the stock market since the Zombie Apocalypse hysteria began, which is counter-intuitive to put it mildly. What I've read is that those trying to cover their losses in stocks are selling precious metals at bargain prices to raise money. When the stock market plunges, precious metals were always seen as a safe haven, but even that is no longer the case.
It could well be that the financial predators are going to go all in when they know the stock market has bottomed, and make a ton of money to add to their already obscene riches as it skyrockets back upward if the coronavirus scare turns out to be much ado about not much. Trillions of fiat dollars are being pumped into the system, on top of the trillions of dollars of "quantitative easing" we've seen over the past 12 years. I expect that soon quadrillions will begin to replace trillions as a commonplace number, just as trillions replaced billions, which replaced millions. Who today can even remember much about the SARS scare, and other virus scares that occurred in this century but are now as forgotten as Y2K?
The coronavirus is scary because there is no vaccine for it. The next few weeks should tell the tale as far as whether this is going to be a prolonged event with millions of Americans catching it, or whether it peaks and begins to diminish, as it has in China and South Korea (if government statistics can be believed).
The ratio between gold and silver is now at around 100 to 1 last time I looked. I believe that's the first time it's gone that high. Traditionally it was roughly 16:1, but both metals have been mercilessly hammered along with the stock market since the Zombie Apocalypse hysteria began, which is counter-intuitive to put it mildly. What I've read is that those trying to cover their losses in stocks are selling precious metals at bargain prices to raise money. When the stock market plunges, precious metals were always seen as a safe haven, but even that is no longer the case.
It could well be that the financial predators are going to go all in when they know the stock market has bottomed, and make a ton of money to add to their already obscene riches as it skyrockets back upward if the coronavirus scare turns out to be much ado about not much. Trillions of fiat dollars are being pumped into the system, on top of the trillions of dollars of "quantitative easing" we've seen over the past 12 years. I expect that soon quadrillions will begin to replace trillions as a commonplace number, just as trillions replaced billions, which replaced millions. Who today can even remember much about the SARS scare, and other virus scares that occurred in this century but are now as forgotten as Y2K?
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