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Dave Kranzler: Gold is signaling a financial system disaster

Section: Daily Dispatches

By Dave Kranzler
Investment Research Dynamics, Denver
Monday, February 24, 2020

Gold is signaling that a financial system disaster will hit.

And it's not just gold. The Fed is already hinting that more money printing is coming. Fed Chairman Jerome Powell suggested at his semi-annual congressional testimony that quantitative easing would be used in the next recession. A couple other Fed officials this week confirmed that the Federal Open Market Committee is preparing to crank up the printing press even more than it has been running since September.

... Dispatch continues below ...



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But why does the Fed feel compelled to warn us that more money printing and currency devaluation are coming if, as Powell told Congress, "the economy is in a good place?"

To begin with, money printing is not stimulating economic growth. The economy has been sliding into contraction for quite some time. Since the "repo" operations began, that pace of contraction has increased.

... For the remainder of the commentary:

https://investmentresearchdynamics.com/gold-signaling-a-financial-system...

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