General Chat, page-962

Wait, no 1200 POG yet? Gold up today?

Gold AND Bitcoin up together? But, but, wasn't this supposed to be a zero sum game? Pied Piper taking away from gold right? ;-)

Oh wait, as commented before, it is all about yields. Nothing to do with Bitcoin. Both can (and will) go up when Yield Curve Control (YCC) kicks in and fiscal stimulus gets rolled out. Gotta fight that deflation monster babyyy!

Anyway, just joking around here a little bit (no offense intended), but seriously:

I am expecting more action like the Australian Central Bank has done today. They are the guinea pig (together with Japanese CB). The Fed will follow up with forward looking statements that they are thinking about YCC. If that doesn't help still I think they will use FOMC of 16 March to make a more robust statement.

Everybody chill. There is NO WAY in hell that governments will allow high yields to continue for long. It will make them insolvent. And if governments need to choose between insolvency and inflation, they will choose inflation all the time, every time (look at Zimbabwe, Venezuela, Weimar). This time is no different, but now it is a global ball game.

They can't win of course and deflation is the unseen enemy that will haunt this game forever:

- technological change is now exponential: deflationary
- aging population worldwide: deflationary
- crazy debt levels: deflationary
(read The Price of Tomorrow, by Jeff Booth on this)

They have only one choice: go in monetary and fiscal stimulus overdrive. You aint seen nothing yet.
From 2000 - 2018 it has taken approximately $185 trillion of global debt to achieve $46 trillion of global growth. Expect a LOT more printing to happen just to offset deflationary forces. We will see even higher stock market gains, gold, crypto, housing, commodities.

I think we are golden in NVA. Stay the course and get life changing results when NVA reaches 1, 2 or 5 AUD SP.

All IMO DYOR