Loading ...from Clive Maund……..
What about the argument and the fear that the stock market is going to crash and take down the PM sector with it? This is an argument that keeps replaying like one of those old 78 rpm records that is set to replay endlessly. It doesn’t look like it’s going to happen. Here’s why – roughly 90% of the stock market is now owned by the wealthiest 1 to 2% of the population who have the most political power and ability to exert influence. The system is therefore organized to protect their interests and the way it works is that the Fed creates new money in ever increasing amounts to backstop the increasingly fragile debt market to stop it imploding and in this manner protect the stock market. The new money eventually feeds through into higher inflation so that the middle and lower classes end up footing the bill for it all. This is why we are headed for hyperinflation, because perpetuation of the current system best serves the interests of the ruling class for as long as possible.