by David Kranzler
Investment Research Dynamics
Fiat justitia ruat caelum – Let justice be done though the heavens fall
…and the current gold/silver ratio indicates silver will soar even more.
Central Banks and sovereign Governments have been given a free pass to print money and bail out the banking, hedge fund and corporate interests from catastrophically hopeless loan, bond, subprime asset and derivative positions. The coronavirus crisis will be fingered as the culprit but market forces would have forced a financial collapse eventually anyway (see 2008 for the playbook). While the helicopter money will bail out the real perpetrators, it will also effect insidious currency devaluation aka inflation.
Chris Powell at GATA posted a must-read essay on the systemic effect of the impending acceleration of Central Bank printing presses: