from McAlvany Financial:
TRUTH LIVES on at https://sgtreport.tv/
From Inflation to Hyperinflation: The Gathering Monetary Hurricane
by Sterling Ashworth, Natural News:
Introduction: The Deceptive Calm Before the Storm
A quiet yet profound shift is underway in the language of finance, a redefinition of the very scourge eating away at our economic foundations. What governments and central bankers dismiss as ‘transitory inflation’ is in reality a systemic cancer, the direct result of decades of monetary corruption. This is not a temporary economic ailment but a terminal symptom of a fiat currency system engineered for eventual collapse.
The deceptive calm of today’s manipulated markets masks a gathering storm. Faith in the U.S. dollar is eroding, not by accident but by design, as those in power use the printing press to finance their agendas. The path from the current erosion of purchasing power to a full-blown hyperinflationary collapse is shorter than most dare to imagine, a journey paved with the broken promises of dishonest money.
Strong Rally in Gold Back Toward $5,000. Bitcoin Smashed Again
by Mish Shedlock, Mish Talk:
The rising wedge in Bitcoin broke hard. Expect another bear market.
Bitcoin Technical Chart Analysis
- Rising wedge broke sharply lower, as expected.
- A head-and shoulder pattern formed, with a weak right shoulder.
- Bitcoin is right on support now at ~75,000.
- The implied target of a break is ~(75,000 – (126,000 – 75,000)) = ~25,000. There is long-term support at 25,000.
- There is intermediate support at ~54,000. I would expect a bounce there. But a drop to 54,000 would only be a 60 percent decline.
- An 80 percent or greater decline is more typical for a bitcoin bear market. That’s the 25,000 level again.
- An 87 percent decline, hardly unusual, would take bitcoin to 15,000.
