John Rubino notes that while it was always going to happen, the catalyst was the shock. Who would have thought a pandemic would trigger the global financial collapse. Early Monday morning the Fed announced the largest QE program in history. It’s unlimited, literally infinite. Free money is on it’s way. Helicopter money is on its way. Free money is coming to you soon. There’s time to wait to get it right. The people in charge are the Herbert Hoovers of our day. They have unlimited funny money to play around with. Just hit a key and the money shows up. The money itself is meaningless. There’s a point at which the money being dumped into the economy will affect the value of the currency. We’re getting there.
If you’ve raised a lot of cash and it’s just sitting there, you’ve got to be thinking about inflation. Some of that cash is going to flow into precious metals. People sold everything to get their hands on cash and now some of that cash is flowing back into gold and silver.
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