@PeterSchiff@TimDraper Even then, you are going to use blockchain technology, which was popularized by Bitcoin, just like the internet was brought to the masses by the porn industry.”
Markets often turn when the public completely loses hope and feels beaten down. A small drop in precious metals is nothing compared to the potential upside ahead.
The fundamentals of the US economic system collapsed. A dollar that bought 20 items 10 yrs ago now buys 3. Excessive printingFed 8%, banks 25%, derivatives rest,destroyed the dollar. US central bank now trapped in a liquidity crisis only a major war could escape.
Powell is in serious trouble now.
U.S. CPI just came in at 2.4% vs 2.5% expected.
Core CPI at 2.5%, lowest in nearly 5 years.
Inflation is trending down, not up—despite the Fed’s claims.
Meanwhile: • Labor market is weakening
• Credit card delinquencies are rising
Gold & silver didn’t crash by accident. After screaming “dollar trouble” at record highs, a coordinated paper sell-off + perfectly timed Fed chair narrative silenced the alarm—temporarily. This bought time, not victory. Physical demand is rising, shorts are trapped
This isn’t surprising—and it won’t end with OpenAI. No amount of capital from the world’s richest firms can buy enough time. That’s what mania is.
Governments will try to save the AI bubble to save markets to save the economy.But the problem is too big to save by definition.