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Real Investment Advice/Lance Roberts/12-18-2020
“As I started this note, Mrs. Yellen’s appointment is effectively an ‘arranged marriage’ between the Treasury and the Fed. Such is a political move by the Biden Administration to ‘grease the wheels’ so that monetary liquidity readily flows into the markets. Given Ms. Yellen’s politics and policies, such will inevitably lead to a repeat of past failures. We should expect to see current policies accelerated as we continue down the path of ‘Japanification.’”
USAGOLD note: Lance Roberts sees the economic future under the Powell-Yellen as disinflationary, or the same old, same old – quite a different take from the inflationary maelstrom predicted by a good many others. Such a future is likely to include sudden credit breakdowns, heightened systemic risks and more crises like 2008 and what we are experiencing at the present. Gold and silver have been reliable stores of value under such circumstances. Please the sketch and link immediately below.
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