How is it possible that a country with 331m people exert such influence over 7.9b?
What was the name of the last empire with such power? It starts with an R…
Janet Yellen and Jerome Powel recently changed their dogmatic propaganda to admit that inflation is not transitory.
On the other hand, a un-convicted jailed economist, Martin Armstrong, who advises trillion dollar funds, have never budged on the interpretation of his models that inflation is here to stay.
He maintained that the decline of main stream media is a reflection of the confidence of people in those powers, especially the government, and that Gold rises as citizens lose their confidence in the ruling entity.
His models clearly indicated that from Sept/Oct 23 the tables on Gold will turn to the upside. And here we are. It broke all time highs.
In most of his interviews, he maintained the narrative that there is a bucket of money that demands investment and since no one can trust the east, whilst two wars rage in Europe, where else can that money go other than to the west?
Back to the US’s impact on worldwide economics.
Gold, stocks and crypto had a small run recently, but the moment the US inflation numbers fell, pretty much all markets turned down. Gold, S&P, Crypto etc.
The extent of the US’s reach and their exertion of power is building to a climax and its influence on the entire world will soon be felt.
More to come in future posts.
As always, why are they allowed to exert such power and where is it leading?