2024-03-19 01:16:20 ET
Summary
- US stocks are reaching record highs while wealth inequality continues to rise, highlighting the flaws in the fiat monetary system.
- Seasonality favors an uptrend in gold till early May.
- The uptrend in gold prices will likely continue till year-end with many new records.
Introduction
The recent records in US stocks and rising wealth inequality are divergent observations of an economy that is based on the fiat monetary system. The system can work well for low annual fiscal deficits but this has not been the case for over two decades. The current fiscal deficit to tax revenue reaches -38%, the development is alarming and worrisome....
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For further details see:
Stealth Quantitative Easing And Gold