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CryptoPlanet

THE WORLD OF CRYPTOCURRENCY AT YOUR FINGERTIPS

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Gold Bar Production To Halt / U.S. Economy Amid Corona Catalyst

If this isn’t yet another bearish indication for the longevity of the U.S. Economy then i don’t know what else will be! For those in the back i meant longevity in a completely sarcastic manner!

In the midst of this Coronavirus / COVID-19 outbreak i wish all of our viewers to stay safe! The reason being-is that this Coronavirus catalyst is somewhat relevant to the ultimate collapse of the U.S. Economy. In no way, shape, or form do i want this to happen, but  because of significant governance intervention-the economy will suffer long term. It can be temporarily propped up by the FED and their long shipping list. Who will foot the bill? Lets just create a new decimal point to shop in now. At one point a trillion was unfathomable, now a millionaire is an average amongst the rich and the Government just throws prints and throws around trillions of dollars.

As the wealth inequality gap between middle-class families and the rich separates-the value of our dollar decreases as well. Perhaps this correlation is mere coincidence, but these gaps also decrease the supply in key fundamental assets-such as gold in silver. When the rich notice the increasingly-high debt the government has stockpiled, they will undoubtedly look to hedge their money in these ‘standard assets’.

In fact, if this virus is transmissible via contact, paper money may eventually be used less-if this is as significant as the media portrays. Many will argue that the media underplays certain areas infected-and the accuracy of the numbers; both positions are agreeable.

 

In Ticino, Switzerland we are being told that three of the largest gold refiners/bar producers; Argor, Valcambi and PAMP are located in Ticino and they are set to shut March 29th.  This is seemingly problematic, but will undoubtedly raise the prices of gold due to the foreseeable scarcity and lack of supply. This only adds to the tension the U.S. Economy and Stock Market have been dealing with-both short term and long term. I do not see the DJI and S & P 500 benefiting from conditions like this-of course unless stimulated.

The FED has shopped for tens of trillions of dollars in each asset; Mortgages , Treasuries, and Repo Markets! This is a huge stimulus for the Economy! The worst part about seeing all this is knowing there is no end to this, the FED will do anything in their power to prevent a recession or depression, and they will only need to inject more each time as the amount is less effective each time. In my eyes this is all fake, funny money being pumped into assets and it is ridiculous!

 

At this point, could they stop?

 

Most likely not, or we wont just see a 600 point drop in the DJI before markets were halted.

Why strategically halt markets? Well let’s assume that if anyone had the power they would, and it is all done do to benefit the government and capitalism-many larger firms/corporations also just did stock buybacks recently on their own stock. This fundamentally isn’t capitalism, but orchestrated-capitalism at this point. Dare i say, even a clown show.

 

This did not just result from one election, but was stockpiled and dished off to the next president since 2000. 2008 was just a warm-up for what is to come. Here at Crypto Planet, we want you to be informed and rational. We also would like for our viewers to be prepared with an alternative to hedge their money in the case of a financial crisis.

 

Stay Safe!

 

 

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