Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

Craig Hemke: Charade Over – 20% Inflation Very Possible – 2019 Best Year for Precious Metals Since 2010

June 10, 2019 by mosesman

  • 2019 Best Year for Precious Metals Since 2010 – Craig Hemke
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Financial writer and precious metals expert Craig Hemke says the reason you are seeing the wild markets and rising gold prices is all attributed to the Fed. It is in a horrible position. Hemke explains, “I don’t think ‘panicked’ is the right word because that means they are running around with their hair on fire terrified. I think they realize the corner into which they painted themselves. They are trying to mitigate the damage as much as they can. . . . The smartest thing the Fed can do right now at the next Fed meeting (June 18 & 19) is to cut the Fed Funds Rate by 50 basis points. They could at least kind of get the yield curve flat again, and not leave it so it looks like you are definitely headed into a recession. (Fed Head) Powell is not going to do that because it will look like he’s doing what Trump is telling him to do. . . .He’s probably going to cut by a quarter point. . . . There is also a pretty good chance he does nothing. . . . The reason why interest rates all along that curve are going lower and lower is because money all around the world sees we all are headed into a recession.”
    –
    Hemke says confidence in central banks is going to crash right along with the global economy. Hemke contends, “Now, this next time when the economy crashes, which it will inevitably will, they’ll be exposed for the charlatans that they are, stringing everybody along, pretending like they’ve got it under control, confidence in the central bank is going to crash. This means confidence in fiat currency is going to crash, and the only real alternative to fiat currency is sound money and that’s gold. That’s the first big part of why it’s different this time. The other big part is just the math. We are up to $22 trillion in debt versus $10 trillion back in 2009. . . . The deficit through 2029 is $1 trillion a year, and that is under a forecast of 3% economic growth. You are not going to get 3% economic growth. When it’s 1% or 0%, then your tax receipts fall dramatically. Then your deficit explodes.”
    –
    Hemke goes on to say, “So, this idea that the Fed can just keep doing what they are doing and things can just keep marching along–no. We are finally at the end of the charade. It’s lasted a lot longer than I thought it could. . . . Now, in 2019, we are right back to where we were in 2010. This is vitally important for people to understand. Eventually, gold is going to break out this year. It’s going to go above $1,360 and the whole world is going to figure this out, and prices are going to accelerate. People who are not buying it now are going to get left behind. . . . Once the demand for all these dollars starts to fall off and disappear, well, those dollars are still out there, and they are all going to come back here to our shores. That’s when you start to get this runaway or hyperinflation because you’ve got so many more dollars than you have demand for dollars. That lessens the value of the dollar and goods go up in cost. . . . The idea you could get 20% inflation is certainly plausible and feasible. . . . Nothing has proven more effective in history to preserve wealth than gold and silver—nothing! . . . . 2019 will be the best year for precious metals since 2010.”

end

Post navigation

Previous Post:

7200+ MASS Store Closures! Economic Slowdown and the End of Retail

Next Post:

Putin: ‘Role of Dollar’ Should Be Revisited in Global Trade

Pages

  • About

Recent Posts

  • Banks Admit The COLLAPSE Is Coming And They Don’t Want YOU to Know About It | Redacted News
  • Musk Doubts Public Awareness of WWIII Risk
  • Germany’s First Leopard Arrives in Ukraine; Europe Angers Putin With 178 Old-Gen Tanks Vow
  • CBDC | CBDCs Explained: The Connection Between 5G, CBDCs, CERN, Quantum
  • The Dangers of EMP and Cyber Attacks Causing Blackouts
  • WEF Predicted CYBER STORM Comes To Italy! Cyber Warfare Spreading Worldwide To Usher In New Crisis
  • SHOCKING Poll: 7 Out Of 10 Embalmers Find HUGE Fibrous Clots In The Dead
  • Pfizer Sponsors Satanic DEATH Ritual honoring Vax Deaths at Grammys?! Clay Clark Joins to Discuss
  • WEF Vows to BAN ‘Dangerous’ Eggs After Study Finds They Cure COVID Naturally
  • The 2023 Grammys Call On Satan During Performance Of ‘Unholy’ Then Immediately Cut To A ‘Brought To You By Pfizer’ Promo, Awake Yet?
  • Cyber Apocalypse 2023: Is The World Heading For A ‘Catastrophic’ Event? || Over 100 MILLION Lose Internet WORLDWIDE – USA, France, Canada, Italy
  • Disease Expert Professor Fukushima Sues Japanese Government For Covering Up COVID Vaccine Dangers
  • Israeli Ex-PM Confirmed: America Blocked Peace/Ceasefire Agreement Between Russia & Ukraine || ‘Peace Had No Chance’ in Ukraine
  • US ‘Neo-Imperialist’ Dollar Scheme Explained by Economist Yanis Varoufakis
  • Radiologist: Cancer Rates SKYROCKETING Among the Vwacxed
  • Former Israeli Prime Minister: US Blocked Peace/Ceasefire Agreement Between Russia & Ukraine 9 Days into Invasion
  • NO ONE Is Ready for What’s Coming In 2023 And The Banks Are In DEEP SH*T | Redacted News
  • CBDCs Are a Desperate Attempt by Central Bankers to Hold on to Power
  • Russia: Ukraine Using Chemical Weapons in Latest Attacks in Donetsk | Redacted with Clayton Morris
  • “This Is the End of this Current Fiat Money Experiment”. Lynette Zang.

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
June 2019
M T W T F S S
« May   Jul »
 12
3456789
10111213141516
17181920212223
24252627282930
© 2023 Socio-Economics History Blog | WordPress Theme by Superbthemes