(Kitco News) - Financial markets are about to witness one of the most epic migrations of capital in history as investors rush into hard assets, warned Larry McDonald, Founder of The Bear Traps Report and New York Times bestselling author of 'How to Listen when Markets Speak' and 'Colossal Failure of Common Sense.'
With the national debt approaching $35 trillion, there are only two ways out of the situation — defaults or printing more money, McDonald told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News.
Fed will have to raise its 2% inflation target
The Fed will have to cut rates to avoid a banking collapse and a brutal recession. However, first, it must raise the no-longer-attainable 2% inflation target. "[The Fed] will start circulating the white papers and working with other central bankers worldwide to pitch this in a group setting," McDonald noted.
The inflation shift talk can start as soon as the Jackson Hole Economic Policy Symposium, which takes place yearly at the end of the summer, he added. "If you have a 35 trillion debt hole, you need interest rates below the inflation rate, where you are wiping out debt with inflation."
McDonald also weighed in on the state of the U.S. banking sector, warning of a massive M&A cycle coming. Watch the video above for details.
Move into hard assets
According to McDonald, the U.S. is in a world of persistent inflation, where all asset classes will see a "dramatic" re-pricing as capital flees from financial assets into hard assets.
"The moment [the Fed] tips its hand, this creates a really bullish scenario for hard assets," McDonald stated.
A commodity bull market will dominate the financial landscape, with several metals looking at significant upside. For McDonald's top commodity plays, watch the video above.
Much has been made about the Boy Scouts of America changing its name to "Scouting America" to promote greater inclusivity, but few people have heard about all the cool new merit badges scouts can now earn!
The Babylon Bee has obtained the following list of new badges kids can get as part of "Scouting America":
1. Pride Badge: Earned for sewing your own rainbow pride badge and declaring it "fabulous". Yay, scouting. 2. Flag Badge: Obtained by starting a fire using nothing but lighter fluid, a match, and an American flag. 3. Crime Badge: Use those knot-tying skills to make a noose, then use it to fake a hate crime. It's never too early to learn. 4. Camping Badge: Earn this badge with an overnight field trip to a real Ivy League campus. Don't forget your Rubbermaid shield! 5. Decolonize The West Badge: Obtain this merit by explaining to an old Army veteran why democracy is evil and math is racist. Good luck. 6. Pronoun Guessing Badge: Earned by guessing your scout leader's gender on the first try. Not so easy these days. 7. Molotov Badge: Credit for firebombing a building, extra credit if the young scout makes the firebomb himself (or herself, or theyself, or whatever). 8. Transition Badge: Earned for performing your own gender transition in the wild using nothing but what you find in nature. 9. First AIDS Badge: Be the first in your scout troop to... well, you know. 10. Pfizer Badge: Won by reaching double digit COVID vaccinations. Just a few more blood clots, Timmy! 11. Marks-person-ship Badge: Get out of here with that outdated "marksmanship" and its patriarchal origins. 12. Self-Defense Badge: Obtained by identifying as a woman and then beating the crap out of women in MMA. Victory!
Just think of all the amazing skills your child can develop while filling up their uniform with so many amazing badges. The best part? All scouts will receive every badge whether they've actually accomplished the task or not. Inclusivity!
I really dislike those things and we get them here.
My area not as bad as say where my parents lived about 25 miles north and slightly east..
They are truly noisy critters.. My dog has not seen them yet so it will be interesting how he reacts to them..
I forgot about them coming up this year.. Dang.. It will be noisy around here for a spell. I am confident RIBS will come up with original Cicada recipes that our southerners might find to be a genuine delicacy.
Cicadas and Grits wif a little Maple syrup. A Southern favorite I hear.....
I really dislike those things and we get them here.
My area not as bad as say where my parents lived about 25 miles north and slightly east..
They are truly noisy critters.. My dog has not seen them yet so it will be interesting how he reacts to them..
I forgot about them coming up this year.. Dang.. It will be noisy around here for a spell. I am confident RIBS will come up with original Cicada recipes that our southerners might find to be a genuine delicacy.
Cicadas and Grits wif a little Maple syrup. A Southern favorite I hear.....
Even with all of his pandering to Palestine/Hamas by turning his back on Israel, prominent Muslim and Arab Americans have concluded they are 'irrevocably at odds' with Biden. Gosh, Joe ... and Joe's handlers hiding in the shadows ... this doesn't sound good for you guys, like at all.
Take a look at this:
John Hudson (@John_Hudson) ~"Prominent Muslim and Arab Americans have now concluded that they are irrevocably at odds with the Biden administration."
"I have told them frankly: "Don’t waste your time anymore unless you have something substantial" said the publisher of an influential newspaper in Dearborn." Per NYT:
Ahmed Al Asliken (@assliken) ~Even after bowing to the terrorists, Biden lost. This is why you never negotiate with terrorists in the first place.
Instead of letting everyone know his true beliefs and standing on principle one way or the other, Brandon reverts to his usual, Democrat-approved routine and tries to gaslight everybody.
Msg. 53078 of 53083 (This msg. is a reply to
53075 by
De_Composed)
Jump:
wuz it still alive when he swallowed it?
I really dislike those things and we get them here.
My area not as bad as say where my parents lived about 25 miles north and slightly east..
They are truly noisy critters.. My dog has not seen them yet so it will be interesting how he reacts to them..
I forgot about them coming up this year.. Dang.. It will be noisy around here for a spell. I am confident RIBS will come up with original Cicada recipes that our southerners might find to be a genuine delicacy.
Cicadas and Grits wif a little Maple syrup. A Southern favorite I hear.....
Even with all of his pandering to Palestine/Hamas by turning his back on Israel, prominent Muslim and Arab Americans have concluded they are 'irrevocably at odds' with Biden. Gosh, Joe ... and Joe's handlers hiding in the shadows ... this doesn't sound good for you guys, like at all.
Take a look at this:
John Hudson (@John_Hudson) ~"Prominent Muslim and Arab Americans have now concluded that they are irrevocably at odds with the Biden administration."
"I have told them frankly: "Don’t waste your time anymore unless you have something substantial" said the publisher of an influential newspaper in Dearborn." Per NYT:
Ahmed Al Asliken (@assliken) ~Even after bowing to the terrorists, Biden lost. This is why you never negotiate with terrorists in the first place.
Instead of letting everyone know his true beliefs and standing on principle one way or the other, Brandon reverts to his usual, Democrat-approved routine and tries to gaslight everybody.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
Dr. Deborah Birx admitted she knew the vaccines were not going to protect against infection and even said their team overplayed them.
Ahem! If your mRNA jungle juice shots do not protect against infection, then "doctor" ... and I use that term very loosely ... it is NOT a "vaccine," you stupid bitch.
Definition of "vaccine": a substance used to stimulate immunity to a particular infectious disease or pathogen.
We're not making this up. You pissed yet?
If not, watch this. That'll do the trick:
E (@Simply4Truth_) ~"I knew these vaccines were not going to protect against infection, and I think we overplayed the vaccines." ~ Dr. Deborah Birx Video ~http://twitter.com/i/status/1788413122337812719
So, you're an admitted fraud who promoted and profited from turning millions of Americans into guinea pigs to be injected with untested substances that do not work as advertised. Your only hope is that your mRNA jungle juice shots will possibly lessen the symptoms, but you don't have a clue what the long-term detrimental effects might be. BUT, what the hell ... let's just tell everyone to take the shot, jump off the cliff, and hope for the best, eh?
James Woods had the perfect reaction ...
James Woods (@RealJamesWoods) ~What??!!!!
Granted, this editor would have said WTF, but still ... very close to perfect.
And welp, there it is, out in the open. Hey, you guys remember when Birx told everyone to stay home and not visit their families for Thanksgiving while she traveled to be with HER family? Yeah, she sucks.
Not as much as Fauci but she's definitely a close second.
Jim Griffin (@JimGriffin64) ~I'm just going to leave this here ...
Officials say a powerful solar storm will hit Earth on Friday and its arrival could cause infrastructure problems.
The National Oceanic and Atmospheric Administration (NOAA) issued an alert Thursday for a Severe (G4) Geomagnetic Solar Storm Watch after approximately five “earth-directed coronal mass ejections” (CMEs) were seen and expected to reach Earth, Insider Paper reported.
中国气象局:意防范农田,注渍涝害...
未来10天南方大部依然多降雨，江汉、江淮西部、江南、华南及贵州等地累计降水量有50至100毫米，其中江汉、江南中西部、华南中......#1@_^dded that the storms are responsible for causing the Northern Lights:
2005, according to 12 News. The outlet added that the storms are responsible for causing the Northern Lights:
CMEs are described as “large expulsions of plasma and magnetic field from the Sun’s corona,” according to the NOAA website:
The CMEs may remain over the weekend, the Insider Paper stated, adding that the NOAA said officials have recently observed several strong flares connected to a sunspot cluster that is 16 times Earth’s diameter.
Although solar storms can cause problems on Earth, the atmosphere protects us from the sun’s harmful rays, according to a 2022 explanatory video from USA Today
The NOAA also said “these storms have the potential to affect infrastructure both in near-Earth orbit and on the Earth’s surface, possibly disrupting communication systems, the electric grid, navigation, radio, and satellite operations,” according to Insider Paper.
The Today video noted that scientists throughout history have observed thousands of solar flares, but the most intense one was the 1859 Carrington Event that “crippled telegraphs around the world as sparks flew from equipment, shocking their human operators and even starting fires.”
Msg. 53070 of 53083 (This msg. is a reply to
53063 by
Beldin)
Jump:
...I have noticed as of late that when I use the word "NO!" that mz ribits eyes narrow and her nostrils flare. Kinda like Bevo when he see's a fine upstanding bulldawg.
Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!
- - - - - The above is a reply to the following message:
Re: How to find out if a woman is a psychopath
By: Beldin in
6TH POPE Fri, 10 May 24 6:18 PM
Msg. 53069 of 53083 (This msg. is a reply to
53060 by
micro)
Jump:
...Mz ribit let's me handle all the big decisions like how much support we should give israel / ukraine. Whether or not Palestine should be admitted to the UN. She takes care of the mundane stuff like my pension and which doctors I am going to see and when am I going to see them. Life is much easier that way.
Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!
- - - - - The above is a reply to the following message:
I get to have the thrill and enjoyment of stripping to my BVDs for a young female doctor who is a dermotologist for a full skin exam..
Miz micro thought I needed this.. It wasn't my idea and my protests have been rudely over ruled. ALL because she had a tiny little freckle on her fore arm that she ignored and finally the dermatologist tested it and it was melanoma. She had a minor surgery and is now almost healed up from all the digging.. Looks like they used a BackHoe to gouge out the tiny surface spot and got way down into muscle tissues. About six inches length. Over a mere small speck.. Its finally healing up but looks like Putin sent his forces over here to visit her forearm..
Now she wants ME to go get checked out.. To say I don;t want to is understated. I said no. Then I said H**** NO.
Then I said "yes dear". I have been had.. I have to surrender my man card..
I know Ribs would have fought it out and disappeared for eternity but I am not as brave as him..
Oh well, I have too much time on my hands apparently..
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