Vast Devaluation of Dollar Coming in 2025 – Craig Hemke

• Vast Devaluation of Dollar Coming in 2025 – Craig Hemke
  by Greg Hunter’s USAWatchdog.com (Saturday Night Post)
  Financial writer, market analyst and precious metals expert Craig Hemke predicted at the beginning of 2024 that the US National Debt would tack on another $2 trillion to the $34 trillion that was already there.  The federal debt now stands at $36.3 trillion. Hemke was correct, and now he’s back with his 2025 predictions.  Let’s start with where interest rates, they have already gone up dramatically in the last year.  Hemke says, “If the economy really is sliding into recession, and they can’t get the budget under control, because of the liquidity that is going to be needed to control interest rates, the fed will be talking openly about yield curve control.”
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  Isn’t “yield curve control” just another term for printing massive amounts of money to buy the debt?  Hemke says, “Yes, exactly.  The money has to come from somewhere, right?  If they are buying government debt because that’s what they are doing.  They are the buyer of last resort to keep those yields down.  So, where’s the money coming from?  They are the ones creating it.  This is a vast devaluation of the currency (US dollar).  This is money creation, dollar creation that gets flushed into the economy . . . . This is just like what happened after covid.  It continues this inflation against the little guy, you and me and everybody else that has to take their dollars and go buy things.  This is where it becomes an untenable situation.”
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  What other choice does the government have?  Hemke says they can cut spending, but that too has its problems because liquidity dries up, tax collection dries up and the market crashes.  Hemke says, “How would you like to die?  Your choice is the electric chair or a firing squad. . . . If you cut the deficit spending of $2 trillion, then you would not have had $2 trillion in growth. . . . This is a very challenging situation.  This is not simple as the financial networks would like you to believe.”  So, the two choices the federal government has are to print money or cut spending.
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  What is Hemke telling people to do for protection?  Hemke says, “When Nixon cut off the gold window in 1971, you could buy a 400-ounce gold bar for $11,000.  Today, with gold at around $2,600 per ounce, that same 400-ounce bar would cost $1.1 million. . . . Global central banks, the Chinese, Russians, Poland, Turkey, India are taking their dollar reserves and buying gold.  You and I have dollar reserves.  We work, we spend and whatever is left over, we save.  Those are our dollar reserves, and what we need to do is the same thing the central banks have been doing for the last three years. . . . You have a gold and silver seller as a sponsor.  Have them send you some gold and silver because it is the best protection you can have in this madness.

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