Toothpaste, QE, Gold and Debt

by Gary Christenson
Miles Franklin

Breaking News:

For the week ending April 3, the DOW fell 584, gold rose $20, and silver fell $0.04.

  • The Fed supercharged their “monetary firehose” and
    injected hundreds of billions into the debt markets. They support the political
    and financial elite. The non-elite will receive a few benefits, later, maybe,
    someday.
  • Unemployment claims went ballistic. Ten million
    in two weeks.
  • The U.S. has over 300,000 (April 4) confirmed
    cases of COVID-19. One month ago, there were 159 confirmed cases. This is an
    exponential rise of 28.5% every day for 30 days. At this rate we will reach
    10,000,000 cases by April 19. However, the rate should decrease. Suppose it
    drops to half, “only” 14% increase every day. The US will reach 10,000,000
    cases by early May
    . Strengthen your immune system.
  • The reaction to the virus has devastated
    business, the economy and future expectations.

THE TALE OF TOOTHPASTE:

We all know from experience that toothpaste can be squeezed out but can’t be pushed back into the tube. It’s a one-way process. The tube and paste are materially changed after squeezing the tube.

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